$1,300,000

Estimated payment $7,700/month

12 Beds
4 Baths
5,023 Sq Ft
$259 Price per Sq Ft

Highlights

  • Open Floorplan
  • Living Room
  • Heating System Uses Steam
  • Bathtub with Shower
  • 1 Car Garage
  • 3-minute walk to Cronin Playground

About This Home

Rare Opportunity to Own a Fully Assessed Four-Family Investment Property in LawrenceOffered at $1,300,000, this professionally maintained four-family delivers immediate income with exceptional upside. Three units are occupied while the owner’s unit will be delivered vacant at closing, creating flexibility for an owner-occupant or immediate lease-up at market rent. The property offers approximately 5,473 square feet of living area, 12 bedrooms, 4 full baths, separately metered utilities, a fully certified central fire sprinkler system, and abundant off-street parking on an oversized city lot.

Listing Agent

Kim Mulligan

Realty Direct Somerville Listed on: 07/27/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,404

Year Built

  • Built in 1910

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway
  • 10 Open Parking Spaces
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 5,478 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Living Room
  • Dryer Hookup
  • Basement

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Schools

  • John K. Tarbox Elementary School
  • Arlington Middle School
  • Lawrence High School

Utilities

  • 4 Heating Zones
  • Heating System Uses Natural Gas
  • Heating System Uses Steam

Community Details

  • 4 Units
  • Net Operating Income $78,000

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:0150 B:0000 L:0003,4207333

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,404

Year Built

Built in 1910

Lot Details

7,000 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1910
  • Levels: 4
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • MLSPIN_BEACHFRONT_FLAG: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Interior Amenities: Bathroom With Tub & Shower, Open Floorplan, Lead Certification Available, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Microwave
  • Total Bedrooms: 12
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Dryer Hookup
  • Above Grade Finished Sq Ft: 5023
  • Below Grade Sq Ft: 450
  • Living Area: 5023
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN0535

Exterior Features

  • Exterior Features: Sprinkler System, Fruit Trees, Garden
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking Spaces: 10
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 11

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Natural Gas
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2800

Lot Info

  • Parcel Number: M:0150 B:0000 L:0003,4207333
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 7000
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 7404

Multi Family

  • Insurance Expense: 3200
  • Net Operating Income: 78000
  • Number Of Units Total: 4
  • Operating Expense: 6000
  • Total Actual Rent: 8800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Lawrence High School
  • Elementary School: John K. Tarbox School
  • Middle Or Junior School: Arlington Middle School

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/27/2026 07/27/26 For Sale $1,300,000 -- $259 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73555467

MLS Property Information Network (MLS PIN)
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