$975,000
SOLD JUL 28, 2025
8 Beds
3 Baths
4,324 Sq Ft
5,500 Sq Ft Lot

Recently Sold

$225 Per Sq Ft

8% Above List Price

12 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Mud Room
  • Property is near public transit
  • Sun or Florida Room
  • Home Office

About This Home

As of July 2025

Turnkey 3-Family Investment in Tower Hill! Welcome to this spacious and well-maintained 3-family property nestled in the highly desirable Tower Hill neighborhood of Lawrence, MA. Boasting over 4,300 sq ft of living space, this oversized 3- family features two 3-bedroom units and one 2-bedroom unit, each with 1 full bathroom. Recent updates include modern kitchens, new front entry doors, vinyl siding and windows, and a new side porch. Enjoy outdoor living on the oversized rear deck, and take advantage of the 2-car garage and off-street parking for added convenience. Ideally located on a quiet dead-end street, the property offers a peaceful setting while still being just minutes from major highways and shopping centers. Whether you're looking to expand your portfolio or own a solid income-producing asset, this property checks all the boxes!

Last Agent to Sell the Property

Edward Santana

Realty Negotiations, LLC Listed on: 06/13/2025

Last Buyer's Agent

Jose Martinez

Realty ONE Group Nest

Realty ONE Group Nest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,044

Year Built

  • Built in 1915

Lot Details

  • 5,500 Sq Ft Lot
  • Street terminates at a dead end
  • Stone Wall
  • Gentle Sloping Lot
  • Garden

Parking

  • 2 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,324 Sq Ft Home
  • Property has 1 Level
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Shed
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $6,500
  • Assessor Parcel Number M:0229 B:0000 L:0008,4212231

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 3 Units
  • Net Operating Income $86,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,044

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1915
  • Levels: 3
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Actual
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Living Room, Dining Room, Kitchen, Family Room, Mudroom, Office/Den, Sunroom
  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Walk-Out Access, Unfinished
  • Above Grade Finished Sq Ft: 4324
  • Living Area: 4324
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN5614
  • LIST PRICE PER Sq Ft: 208.14
  • PRICE PER Sq Ft: 225.49
  • MAIN SO: AN6420

Exterior Features

  • Exterior Features: Balcony, Rain Gutters, Garden, Stone Wall
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch, Enclosed, Deck - Composite
  • Road Frontage Type: Dead End
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Electric: 220 Volts
  • Water Source: Public
  • Hot Water: Oil, Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0229 B:0000 L:0008,4212231
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5500
  • Lot Size Units: Acres
  • PAGE: 219

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7044
  • Tax Book Number: 8123

Multi Family

  • Gross Income: 86400
  • Net Operating Income: 86400
  • Number Of Units Total: 3
  • Total Actual Rent: 6500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

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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
07/28/2025 07/28/25 Sold $975,000 +8.3% $225 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
06/13/2025 06/13/25 For Sale $900,000 -- $208 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73390800

MLS Property Information Network (MLS PIN)