120 Lakeview Ave, Lowell, MA 01850

This well-positioned mixed-use asset presents a rare opportunity to acquire a diversified, income-producing property with both stability and upside. The building features two prominent street-level retail storefronts with established tenants, complemented by (2) one-bedroom and (2) two-bedroom apartments generating consistent residential income.

In addition, the property includes a large rear garage/shop space, offering flexible use for additional rental income or owner-occupancy. A significant value-add component exists in the unfinished top floor, which provides the possible opportunity to create a spacious three-bedroom unit and further increase cash flow.

Each unit is separately metered for utilities, minimizing owner expenses, and the site is supported by 3–4 off-street parking spaces, a valuable amenity for both residential and commercial tenants.

With stable in-place retail income, rental upside in the residential units, and clear pathways to increase NOI, this property is ideally suited for investors seeking both immediate returns and long-term appreciation.