655 Westford Street, Lowell, MA 01851

ACCESS & CONNECTIVITY

655 Westford Street is well-served by the LRTA (Lowell Regional Transit Authority), offering convenient bus access throughout the city. The Gallagher Transportation Terminal, Lowell’s central transit hub, is located approximately 1.5 miles from the Property and connects riders to MBTA Commuter Rail service on the Lowell Line into North Station, Boston.

The Property benefits from immediate access to Route 38 (Westford Street), a primary arterial corridor connecting Lowell to surrounding municipalities, as well as proximity to Interstate 495 and U.S. Route 3, providing efficient regional access throughout Greater Boston and into southern New Hampshire.

Lowell is served by the MBTA Commuter Rail Lowell/Haverhill Line, providing direct access to Boston’s North Station with frequent service throughout the day.

AREA AMENITIES & DEMAND DRIVERS

Lowell anchors a strong and diversified employment base, with major employers spanning healthcare at nearby Lowell General Hospital, higher education opportunities at UMass Lowell, advanced manufacturing, and professional services. UMass Lowell’s expanding campus generates consistent demand for off-campus rental housing throughout the city.

The Lowell area benefits from ongoing public and private investment, including continued development along the Merrimack River corridor, the redevelopment of former mill buildings into residential and mixed-use properties, and revitalization efforts in the downtown core.

Lowell’s relative affordability compared to inner-ring Boston suburbs, combined with strong transit connectivity and a growing employment base, continues to drive robust rental demand from young professionals, graduate students, and commuter-oriented households.

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.

VALUE-ADD POTENTIAL

In-place rents are significantly below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market. UTILITIES Tenants are responsible for gas heating. Hot water responsibilities are shared between tenant and landlord on a unit-by-unit basis. Electric is separately metered and paid directly by tenants. The Landlord is responsible for city water and sewer.

OFF-STREET PARKING

The Property features five (5) sets of tandem parking and two (2) additional parking spaces.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 29,500 people live within 1 mile of the Property with an average household income of $125,302. Over 140,200 people reside within 3 miles of the Property with an average household income of $114,114.

QUALITY OF LIFE AMENITIES

The Property benefits from proximity to a wide variety of dining, retail, and service amenities concentrated along Westford Street and the Route 38 corridor, including national quick-service operators, local restaurants, and everyday retail such as grocery, pharmacy, and personal services.

Retail amenities are further supported by major national operators along the Route 38 corridor and in nearby Chelmsford and Tewksbury, providing full-service shopping options for groceries, household goods, and pharmacy needs.

Cultural and recreational amenities in Lowell include the Lowell National Historical Park, the Tsongas Center arena, the Lowell Spinners minor league baseball team, and a vibrant downtown arts and dining scene, all contributing to strong quality of life for residents.