116 Walker St, Lowell, MA 01854 For Sale

ACCESS & CONNECTIVITY

Situated in the Acre neighborhood near downtown Lowell and the UMass Lowell campus, the property benefits from proximity to the Lowell Regional Transit Authority (LRTA) bus network, which operates numerous city routes from the Kennedy Center transit hub, including lines that serve key destinations such as UMass Lowell, Drum Hill, and other commercial corridors.

From the Property, riders can connect via local LRTA buses to the Charles Gallagher/Robert B. Kennedy Transportation Center on Thorndike Street, which functions as the city’s primary intermodal facility and provides access to both regional bus services and the MBTA Commuter Rail’s Lowell Line for direct service into Boston.

Highway access is also strong, with Lowell’s central location providing convenient connections to major regional routes such as the Lowell Connector, which links directly to Interstate 495 and Route 3, facilitating efficient north– south and east–west travel throughout the Merrimack Valley and toward Boston’s employment centers.

AREA AMENITIES & DEMAND DRIVERS

The Property is located near University of Massachusetts Lowell and Middlesex Community College, which collectively enroll thousands of students and faculty. This creates consistent demand for apartment housing from students, graduate populations, and university staff, while also supporting a highly educated local workforce

Lowell is home to a wide range of major employers across healthcare, technology, education, and advanced manufacturing sectors, including Lowell General Hospital, UKG, IBM, and M/A-COM Technology Solutions. This diversified employment base supports stable renter demand and reduces reliance on any single industry.

PRIME MERRIMACK VALLEY LOCATION

Lowell is ideally situated in the heart of the Merrimack Valley, offering unparalleled connectivity and accessibility throughout the region. Located just 30 miles north of Boston, the city provides easy access to major highways including I-495, Route 3, and the Lowell Connector, as well as direct commuter rail service into Boston. This prime location supports strong commuter demand and regional business growth, while the city’s vibrant neighborhoods, cultural amenities, and recreational offerings make it an attractive place to live, work, and invest.

UTILITIES

Tenants are responsible for a mix of gas & electric powered heat and individually metered electricity, which they pay directly. The Landlord is responsible for paying some units gas powered hot water, while the remaining units are tenant responsible. The Landlord is responsible for providing city water & sewer, which they pay directly.

OFF-STREET PARKING

The Property features three (3) sets of tandem parking spaces capable of fitting up to six (6) cars.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 41,900 people live within 1 mile of the Property with an average household income of $105,094. Over 146,400 people reside within 3 miles of the Property with an average household income of $113,192.

QUALITY OF LIFE AMENITIES

Within a short drive, residents have access to a variety of national and quick-service dining options, including familiar chains such as McDonald’s, Dunkin’, Starbucks, and 99 Restaurant & Pub, as well as popular fast-casual and QSR choices along routes like Chelmsford Street and the Lowell Connector corridor.

Retail amenities are equally accessible, anchored by neighborhood-serving grocers including Market Basket and Food Basket International, both offering full-service grocery options within a short drive, as well as smaller specialty and convenience markets like Market Street Market and Cote's Market that cater to daily needs.

Outdoor recreation is a key component of the area’s appeal, with access to expansive green space at nearby Shedd Park, a 50-acre public park featuring sports fields, courts, and open recreational areas, as well as other nearby parks and riverfront walking paths that contribute to an active, community-oriented environment.