March 24, 2025 – Spencer Norton of Horvath & Tremblay has successfully completed the sale of a 3-unit Multi-family property in Lowell, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $864,200.
44 Lilley Avenue is a multi-family building in Lowell, Massachusetts. The Property is well-located in the Centralville neighborhood in Lowell’s northeastern quadrant. The Property contains three (3), 3-Bedroom/1-Bathroom units with 3,291 square feet of living area in 4,689 gross square feet on 0.21-acres of land. The Property features on-site parking for up to 10 vehicles in addition to a detached garage. The building is well located just outside of Downtown Lowell, seconds from the bank of the Merrimack River and the VFW Highway. The Property enjoys convenient access to Downtown, UMass Lowell, the Lowell General Hospital, several area schools, local and national retailers, area businesses, and the Lowell Train Station. Lowell is a vibrant city of 111,000 residents, making it the second largest city in the Boston MSA, and home to UMass Lowell, the second largest public university in the state which has an enrollment in excess of 18,000 students. The area is also home to Middlesex Community College which has an enrollment of 13,000 students. The Property is also just 3.5 miles from the commercial corridor at the junction of the Lowell Connector, Interstate 495 and US Route 3, and 3.2 miles from a commercial corridor at the junction of Interstate 495 and MA Route 38.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.