40 MARKET ST
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Location
40 MARKET ST
Mblu
159/ 3905/ 40/ /
Parcel ID
290118
Owner
CITY OF LOWELL
PBN
Total Market Value
$3,116,400
Appraisal
$3,116,400
Internal ID
35697
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$2,894,900$221,500$3,116,400
Assessment
Valuation YearImprovementsLandTotal
2026$2,894,900$221,500$3,116,400

Owner of Record
OwnerCITY OF LOWELL
Co-Owner
Address375 MERRIMACK ST
LOWELL, MA 01852
Sale Price$10
Certificate
Book & Page 39416/0049
Sale Date07/30/2025
Instrument1E

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
CITY OF LOWELL$10 39416/00491E07/30/2025
CITY OF LOWELL$0 39416/00451N07/30/2025
NORTHERN MASS TELEPHONE WORKS CREDIT UNION$2,850,000 18326/02261O01/20/2005
TRS 40 MARKET ST REALTY TRUST$1,600,000 16700/00760012/29/2003
COLONIAL GAS COMPANY$1,325,000 09435/03151F07/22/1998

Building Information
Building 1 : Section 1
Year Built: 1900
Living Area: 32,568
Replacement Cost: $3,657,462
Building Percent Good: 67
Replacement Cost
Less Depreciation:
$2,450,500
Building Attributes
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage +10
Stories:3.5
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCity of Lowell C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9311
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingABOVE AVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsABOVE AVERAGE
Wall Height14.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 15,732 15,732
BASFirst Floor 7,866 7,866
SFBBsmt, Fin Above Grade 6,900 5,520
FHSHalf Story, Finished 6,900 3,450
UBMBasement, Unfinished 966 0
   38,364 32,568
Building 2 : Section 1
Year Built: 1900
Living Area: 3,590
Replacement Cost: $416,422
Building Percent Good: 60
Replacement Cost
Less Depreciation:
$249,900
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Warehouse
ModelCommercial
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureWood Truss
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeRadiant
AC TypeNone
Bldg UseCity of Lowell C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9311
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallNONE
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,590 3,590
UUSUpper Story, Unfinished 3,590 0
   7,180 3,590

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR3DRY7180.00 S.F.$3,9002
SPR1SPRINKLERS-WET38870.00 S.F.$20,8001
ELV1PSSNGR ELEVTR5.00 STOP$67,0001
MSC264GENERATOR 400 KW 1600 AMPS1.00 UNIT$97,8001

Land
Land Use
Use Code9311
DescriptionCity of Lowell C  
ZoneDMU
NeighborhoodC110
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.70
Frontage0
Depth0
Total Market Land$221,500
Appraised Value$221,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  10000.00 S.F.$5,0001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$2,366,700$207,000$2,573,700
2024$2,338,200$197,300$2,535,500
2023$2,280,200$179,300$2,459,500

Assessment
Valuation YearImprovementsLandTotal
2025$2,366,700$207,000$2,573,700
2024$2,338,200$197,300$2,535,500
2023$2,280,200$179,300$2,459,500

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