89 Newbury St Unit 89B Lawrence, MA 01840
Downtown Lawrence NeighborhoodEstimated payment $7,699/month
Highlights
- Medical Services
- Property is near public transit
- Jogging Path
- Deck
- Corner Lot
- Porch
About This Home
Cash Cow! 4 unit Mixed -use well maintained. High traffic corner. This is a great opportunity to own & occupy with the potential to collect rents and potential to run your own business. Separate utilities. Seller's Unit 3 is interested in remaining in the unit for 5 years at a mutually agreed upon monthly rent. Successful convenience store Unit 4 is Tenant occupied. Inventory, Equipment, & trade fixtures in Convenience store are NOT included in the property sale. 1st Floor unit is easy to show.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,257
Year Built
- Built in 1925
Lot Details
- Corner Lot
Home Design
- Quadruplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,114 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Insulated Windows
- Insulated Doors
- Combination Dining and Living Room
- Vinyl Flooring
- Home Security System
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 2 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
- Separate Meters
- 100 Amp Service
- High Speed Internet
Listing and Financial Details
- Rent includes unit 1(water), unit 3(water)
- Assessor Parcel Number 4202802
Community Details
Overview
- 4 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Insurance Expense $4,900
- Water Sewer Expense $900
- Operating Expense $900
- Net Operating Income $78,600
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 | $4,694 | $533,400 | $138,000 | $395,400 |
| 2024 | -- | $455,700 | $122,600 | $333,100 |
| 2023 | $0 | $390,700 | $102,300 | $288,400 |
| 2022 | $0 | $345,600 | $92,600 | $253,000 |
| 2021 | $0 | $308,200 | $81,200 | $227,000 |
| 2020 | $0 | $299,700 | $75,000 | $224,700 |
| 2019 | $0 | $251,100 | $69,200 | $181,900 |
| 2018 | $0 | $226,300 | $62,800 | $163,500 |
| 2017 | $0 | $214,800 | $59,300 | $155,500 |
| 2016 | -- | $206,100 | $56,600 | $149,500 |
| 2015 | -- | $206,100 | $56,600 | $149,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | For Sale | $1,349,999 | -- | $434 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $45,000 | -- | |
| Deed | $45,000 | -- | |
| Deed | $26,000 | -- | |
| Deed | $26,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $38,250 | Commercial | |
| Previous Owner | $35,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73410270
APN: LAWR-000087-000000-000074
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