Off Market
102-114 Water St, Lawrence, MA
Lawrence · MA 01841
- $5,600,000
- Price
- 27
- Beds
- 27
- Baths
- 27583
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
27 Units
Lot size:
0.44 Acre Lot
Price per square foot:
$203 / Sq.Ft
Parking:
13 Off Street Spaces
About this home
We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.
Neighborhood & Transit
102-114 Water St, Lawrence · MA 01841
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 84 days
- Listing Price:
- $5,600,000
- Price per Sq.Ft:
- $203
- Tax Assessment:
- $3,788,000 in 2025
- Taxes:
- $3,027 / Monthly
Home Facts
Interior Features
- Bedrooms
- 27
- Full Bathrooms
- 27
- Half Bathrooms
- 0
- Living Area
- 27,583 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 27583
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 100 Amps
Exterior Features
- Lot Size
- 19,166 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 13 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Bradford Carlson
- Listing office
- New England Realty Advisors LLC
- MLS PIN #
- 73562010