$1,225,000
PENDING

Estimated payment $7,245/month

Total Views 20,973
9 Beds
9 Baths
4,172 Sq Ft
$294 Price per Sq Ft

Highlights

  • Medical Services
  • Deck
  • Jogging Path
  • 0.42 Acre Lot
  • Property is near public transit and schools
  • Porch

About This Home

Welcome to an exceptional investment opportunity in the City of Lawrence. This 9-unit property features a desirable unit mix of three one-bedroom units and six studio units, offering strong income potential. The property provides ample parking with at least one space per unit, as well as a garage. A large basement offers additional storage space for tenants. Two units are currently vacant, presenting an immediate opportunity for the new owner to select their own tenants or adjust rents to market value. The property also offers two generous side yards, giving tenants outdoor space to enjoy. Additional features include a newly built side deck, coin-operated washer and dryer available for tenant use, a welcoming front porch, and a good-sized lot. Conveniently located near restaurants, shops, supermarkets, parks, and with easy access to major highways including Route 93, this property is well positioned for both tenants and investors.

Listing Agent

Matheus Goncalves

Mega Realty Services Listed on: 03/04/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,382

Year Built

  • Built in 1920

Home Design

  • 4,172 Sq Ft Home
  • Brick Exterior Construction
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • 10 Open Parking Spaces

Outdoor Features

  • Deck
  • Porch

Additional Features

  • 18,295 Sq Ft Lot
  • Property is near public transit and schools
  • Separate Meters
  • Unfinished Basement

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(heat electric water)
  • Assessor Parcel Number M:0188 B:0000 L:0008,4210151

Community Details

Overview

  • 9 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $1,500
  • Insurance Expense $5,089
  • Water Sewer Expense $5,100
  • Operating Expense $24,321
  • Net Operating Income $78,879

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,382

Year Built

Built in 1920

Lot Details

0.42 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1920
  • Levels: 5
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 9
  • Basement YN: Yes
  • Full Bathrooms: 9
  • Total Bathrooms: 9
  • Basement: Unfinished
  • Above Grade Finished Sq Ft: 4172
  • Living Area: 4172
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: K95546

Exterior Features

  • Construction Materials: Frame, Brick
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 10
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Private School, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Heat,Electric,Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5100

Lot Info

  • Parcel Number: M:0188 B:0000 L:0008,4210151
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.42
  • Lot Size Sq Ft: 18295
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 8382

Multi Family

  • Electric Expense: 1500
  • Insurance Expense: 5089
  • Net Operating Income: 78879
  • Number Of Units Total: 9
  • Operating Expense: 24321
  • Total Actual Rent: 8600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,382 $952,500 $244,600 $707,900
2024 $7,575 $818,900 $156,100 $662,800
2023 $7,152 $703,900 $130,300 $573,600
2022 $7,351 $642,600 $118,000 $524,600
2021 $6,805 $554,600 $103,400 $451,200
2020 $6,534 $525,700 $95,500 $430,200
2019 $6,278 $458,900 $109,400 $349,500
2018 $6,285 $438,900 $99,300 $339,600
2017 $5,891 $384,000 $99,300 $284,700
2016 $5,760 $371,400 $95,000 $276,400
2015 $5,532 $365,900 $95,000 $270,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2026 03/13/26 Pending -- -- --
03/04/2026 03/04/26 For Sale $1,225,000 -- $294 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

About the Listing Agent

Matheus Goncalves

Mega Realty Services

(351) 300-4776

Section Image

Them there at Mega Realty understand how stressful it can be to deal with real estate. That is why Matheus is here to help. He will be able to provide you with all the information you need to make your process as easy and as stress free as it can be. From selling to buying to renting both commercial and residential Matheus has experience in all areas. He has worked in towns and cities all around Eastern Massachusetts; therefore, Matheus is very familiar with this area. The best part of his job

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73482489

MLS Property Information Network (MLS PIN)
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