169-171 Salem St

$1,300,000
Price
8
Beds
7,178 Sq. Ft.
$181 / Sq. Ft.
7,178
Sq. Ft.
$181
per Sq. Ft.

Description

5 Unit Mixed Use Building near UMASS Lowell and within walking distance to many amenities. The property has been well maintained and updated and has plenty of off street parking. The first floor retail space also has a kitchen area with 2 walk-in coolers, 1 walking freezer, and pizza ovens. Two 3-Bedroom updated apartments are above the commercial space. The adjacent 2 residential units each have 1 bedroom. Unit 4 has access to the basement and laundry hookups. Unit 5 has a walkup attic with 2 semi...5 Unit Mixed Use Building near UMASS Lowell and within walking distance to many amenities. The property has been well maintained and updated and has plenty of off street parking. The first floor retail space also has a kitchen area with 2 walk-in coolers, 1 walking freezer, and pizza ovens. Two 3-Bedroom updated apartments are above the commercial space. The adjacent 2 residential units each have 1 bedroom. Unit 4 has access to the basement and laundry hookups. Unit 5 has a walkup attic with 2 semi finished rooms. All units have separate utilities as well as washer /dryer hookups. Letters of Initial Lead Inspection Compliance attached in documents for download. Business/Cote's market name, equipment and inventory included in the sale. Plenty of off street parking included.
  1. Listed by Raymond Boutin • RE/MAX Innovative Properties

Property Details for 169-171 Salem Street

Town
Lowell
Area
MA-Lowell
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10
LISTING UPDATED: 12/07/2025 07:20 PM

Property Details for 169-171 Salem Street

StatusActive
MLS #73455756
Days on Market36
Taxes$15,642 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of RE/MAX Innovative Properties, Raymond Boutin
Add your commute

Building Information for 169-171 Salem Street

Stories5Residences5Year Built1900Building Size-Lot Size0.21 AC / 9,081 SF

Payment Calculator

$7,727 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,424

Property Taxes

$1,304

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 169-171 Salem Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, University
  • Living Area: 7178.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Lps
  • High School: Lps, Gltech, Iacs
  • Middle School: Lps
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Partial
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Carpet, Hardwood
  • Interior Features: Upgraded Cabinets, Upgraded Countertops, Kitchen, Office/Den, Living Room, Laundry Room
  • Laundry Features: Washer Hookup, Dryer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Roof Material: Shingle, Slate, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Ductless Mini-Split System, Central Air
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Ductless, Forced Air, Electric
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Buyers should verify all information. Property assessed as two properties- a 3 unit mixed use and a 2 unit residential property. Year built is 1900 and 1920 per assessor records. Some expenses have been rounded/estimated. Photos utilized from past listings.
Tax Information
  • Assessments: $908,600
  • Book: 222
  • Tax Year: 2025
  • Zoning: UMF
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
  • Cooling Units: 2
  • Cooling Zones: 2
  • Heat Units: 5
  • Heat Zones: 5
Income / Expenses
  • GOI: $108,000.00
  • Insurance: $7,200.00
  • GRE: $10,000
  • NOI: $98,000.00
  • Operating Expense: $10,000.00
  • WSE: $2,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,000.00

Property History for 169-171 Salem Street

DateEvent & SourcePriceAppreciation
Nov 17, 2025

Listed (Active)

MLS PIN #73455756

$1,300,000—
Jun 7, 2018

Sold

MLS PIN #72173580

$600,000—
Oct 6, 2017

Contingent

MLS PIN #72173580

—
May 31, 2017

Listed (Active)

MLS PIN #72173580

$599,000—
DateEvent & SourcePrice
11/17/2025

Listed (Active)

MLS PIN #73455756

$1,300,000
06/07/2018

Sold

MLS PIN #72173580

$600,000
10/06/2017

Contingent

MLS PIN #72173580

—
05/31/2017

Listed (Active)

MLS PIN #72173580

$599,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 169-171 Salem Street

This home is within Lowell School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - PK to 4
Rating
School
Distance
Joseph McAvinnue Elementary School
PublicPK to 4

C.W. Morey Elementary School
PublicPK to 4

Abraham Lincoln Elementary School
PublicPK to 4

Charlotte M Murkland Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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169-171 Salem Street is a multi-family home for sale in Lowell, MA 01854. This property was listed for sale on November 17, 2025 by RE/MAX Innovative Properties, it's currently listed at $1,300,000. It has been on the market for a total of 36 days and was last sold on June 7, 2018. This listing's school district is Lowell School District. Nearby schools include Joseph McAvinnue Elementary School, C.W. Morey Elementary School and Abraham Lincoln Elementary School. 169-171 Salem Street is a 8-bed, 5-bath, 7,178 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Innovative Properties, Raymond Boutin

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.