Newton, MA— Northeast Private Client Group® (NPCG) has announced the $2,250,000 sale of two multifamily properties located at 1180 Middlesex Street and 15 Canton Street in Lowell, Massachusetts.
Senior Associates Drew Kirkland, Francis Saenz, and James Casey represented the seller, Leo Montiero, a local operator repositioning his portfolio. The team also procured the buyer, Shams Iqbal, a local owner continuing to expand holdings in the Greater Lowell market.
The property at 1180 Middlesex Street consists of six residential units:
- three 3-bedroom apartments
- two 2-bedroom apartments
- one 1-bedroom apartment.
The adjacent 15 Canton Street property includes two 2-bedroom, 2-bathroom townhouse units. Both buildings underwent full gut renovations in 2020, including new electrical and plumbing systems and the installation of high-efficiency electric mini-split units for heating and cooling.
NPCG noted that the transaction reflects ongoing investor interest in well-maintained, modernized multifamily assets in established Massachusetts submarkets.
Northeast Private Client Group® specializes in the sale of mixed-use, retail, industrial, and multifamily investment properties across the Northeast and Southeast. The firm has completed more than 1,350 transactions, totaling over $4.1 billion in value.
