145 Water St Lawrence, MA 01841
Tower Hill NeighborhoodEstimated payment $4,874/month
About This Home
145 Water St benefits from a central, commuter-friendly location with convenient access to downtown Lawrence, Route 28, I-495, I-93 and the Lawrence Commuter Rail Station. The building consists of two (2), 3-Bedroom/ 1-Bathroom units and one (1), 1+ Bedroom/ 1-Bathroom unit. The building contains 2,631 SF of living area in 4,336 SF of gross area. The property is professionally managed, features two (2) tandem parking spaces and has updated units with separately metered, tenant paid utilities. Current rents are below market, allowing a new owner to increase the income of the property by bringing rents to current market rates.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,735
Year Built
- Built in 1910
Lot Details
- 2,664 Sq Ft Lot
Parking
- 1 Car Parking Space
Interior Spaces
- 2,631 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Assessor Parcel Number 4208300
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $300
- Insurance Expense $3,866
- Water Sewer Expense $2,328
- Operating Expense $15,479
- Net Operating Income $60,914
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,735 | $651,700 | $93,200 | $558,500 |
| 2024 | $5,334 | $576,700 | $97,900 | $478,800 |
| 2023 | $5,514 | $542,700 | $94,500 | $448,200 |
| 2022 | $4,994 | $436,500 | $89,100 | $347,400 |
| 2021 | $4,708 | $383,700 | $89,100 | $294,600 |
| 2020 | $4,583 | $368,700 | $74,200 | $294,500 |
| 2019 | $4,538 | $331,700 | $55,200 | $276,500 |
| 2018 | $4,302 | $300,400 | $50,000 | $250,400 |
| 2017 | $3,870 | $252,300 | $47,400 | $204,900 |
| 2016 | $3,764 | $242,700 | $37,000 | $205,700 |
| 2015 | $3,608 | $238,600 | $37,000 | $201,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | For Sale | $825,000 | +83.3% | $314 / Sq Ft |
| 06/04/2021 06/04/21 | Sold | $450,000 | -7.2% | $171 / Sq Ft |
| 04/03/2021 04/03/21 | Pending | -- | -- | -- |
| 03/04/2021 03/04/21 | For Sale | $485,000 | -- | $184 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $450,000 | None Available | |
| Deed | $214,900 | -- | |
| Deed | $67,500 | -- | |
| Foreclosure Deed | $168,750 | -- | |
| Deed | $275,000 | -- | |
| Deed | $173,000 | -- | |
| Deed | $20,000 | -- | |
| Deed | $145,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $337,500 | Purchase Money Mortgage | |
| Previous Owner | $212,044 | FHA | |
| Previous Owner | $50,625 | Purchase Money Mortgage | |
| Previous Owner | $276,000 | No Value Available | |
| Previous Owner | $33,000 | No Value Available | |
| Previous Owner | $220,000 | Purchase Money Mortgage | |
| Previous Owner | $41,250 | No Value Available | |
| Previous Owner | $121,100 | Purchase Money Mortgage | |
| Previous Owner | $25,950 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73407252
APN: LAWR-000163-000000-000015
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