$1,549,900
SOLD MAY 23, 2025

185 Chestnut St Lawrence, MA 01841

North Common Neighborhood
19 Beds
7 Baths
3,843 Sq Ft
5,662 Sq Ft Lot

Recently Sold

$403 Per Sq Ft

4 Days on Market

Highlights

  • Medical Services
  • Shops
  • Coin Laundry
  • 0.13 Acre Lot
  • 1 Car Garage
  • 1-minute walk to O'Neil Park

About This Home

As of May 2025

Unlock the potential of this fully rented, cash-flowing six-unit multi-family property in Lawrence, MA. Featuring a three-family, a two-family, and a single-family home, this unique asset provides multiple income streams and a proven history of low vacancy. With separate utilities, private parking for 12 vehicles, and a garage with ADU potential, this property is designed for maximized returns. The pro-forma NOI of $165,503 and a projected cap rate of 10.3 to 11 percent offer immediate cash flow and long-term appreciation. Whether you're expanding your portfolio or securing a high-yield asset, this is the investment you’ve been waiting for. Opportunities like this don’t last—schedule your private showing today.

Last Agent to Sell the Property

Eridania Reyes

View Real Estate Group Listed on: 03/19/2025

Last Buyer's Agent

Angelica De Lima

Invest Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,878

Year Built

  • Built in 1910

Lot Details

  • 5,662 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • 3,843 Sq Ft Home
  • Block Foundation
  • Stone

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 7 Full Bathrooms

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,878

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1910
  • Levels: 9
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 19
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Above Grade Finished Sq Ft: 3843
  • Living Area: 3843
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN7777
  • LIST PRICE PER Sq Ft: 403.3
  • PRICE PER Sq Ft: 403.3
  • MAIN SO: NB5311

Exterior Features

  • Construction Materials: Stone
  • Fencing: Fenced/Enclosed
  • Foundation Details: Block
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Medical Facility, Laundromat, Highway Access
  • Senior Community YN: No

Lot Info

  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662
  • Lot Size Units: Acres
  • PAGE: 0190
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7877.76
  • Tax Book Number: 15470

Multi Family

  • Number Of Units Total: 6
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $1,549,900 0.0% $403 / Sq Ft
03/23/2025 03/23/25 Pending -- -- --
03/19/2025 03/19/25 For Sale $1,549,900 +138.5% $403 / Sq Ft
05/04/2018 05/04/18 Sold $649,900 0.0% $111 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $649,900 -- $111 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Eridania Reyes

    View Real Estate Group

    (978) 893-8327

    1 in this area

    20 Total Sales

    Eridania Reyes
    Section Image

  • A

    Buyer's Agent in 2025

    Angelica De Lima

    Invest Realty Group

    1 in this area

    11 Total Sales

    Angelica De Lima
    Section Image

  • T

    Seller's Agent in 2018

    Team Zingales

    Team Zingales Realty, LLC

    (888) 832-6910

    3 in this area

    191 Total Sales

    Team Zingales
    Section Image
  • Joe Zingales

    Seller Co-Listing Agent in 2018

    Joe Zingales

    Team Zingales Realty, LLC

    (978) 360-4743

    53 Total Sales

    Joe Zingales
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73343750

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Lawrence 01841 North Common

185 Chestnut St, Lawrence, MA

This home is located at 185 Chestnut St, Lawrence, MA 01841 and is currently priced at $1,549,900, approximately $403 per square foot. This property was built in 1910. 185 Chestnut St is a home located in Essex County with nearby schools including School For Exceptional Studies, Leonard Middle School, and Blessed Stephen Bellesini O.S.A. Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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