Active
94 Days on market
159 S Union Street Lawrence — Photo 1 of 14

159 S Union Street Lawrence — Photo 1 of 14

$1,975,000

Investment Analysis — 159 S Union Street

Lawrence, MA 01843

Based on rent reported on the MLS listing, a 9-unit multi-family in 01843 carries $22,350/mo in gross rent — about a 9.62% cap rate and $189,911/yr in estimated NOI at the $1,975,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

21

Baths

7

SqFt

11,280

Style

5+ Family - 5+ Units Up/Down

Built

1930

159 S Union St contains nine (9) total units, comprised of seven (7), 3-Bedroom/1-Bathroom units and two street-level commercial units with 11,280 square feet of gross living area in 15,000 square feet of gross area. Both commercial units are occupied by Hayes Tavern, who recently signed a brand-new lease. The Property is situated on a 0.16-acre parcel and features seven (7) off-street parking spaces. The Property is separately metered for gas powered heat & hot water, as well as individually metered electricity, which tenants pay directly. The Landlord is responsible for providing domestic water and sewer, which they pay directly. 159 South Union Street is strategically located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is situated in a highly walkable area with numerous retailers, services, and community amenities.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,975,000
Annual Taxes$13,921

Parking

Garage0
Off-Street7

Interior Specifications

Total Rooms37
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationOther
ZoningB2

Property & Lot

Acres0.16
SqFt Lot6,969
Lot FeaturesOther

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: Spencer Norton

Listing Office: Horvath & Tremblay

MLS® Number: 73534642