Active
30 Days on market
28 Exchange St Lawrence — Photo 1 of 42

28 Exchange St Lawrence — Photo 1 of 42

Recent Drop: $50,100

$900,000
$849,900

$849,900

28 Exchange St, Lawrence, MA 01841

Lawrence, MA 01841 — North Lawrence

Investor Analysis

Beds

6

Baths

2

SqFt

2,334

Style

Multi Family

Built

1969

PRICE REDUCTION – NEW PRICE! Excellent opportunity for investors, developers, or owner-occupants! Constructed in 1969, this spacious duplex-style multi-family property offers approximately 2,334 sq. ft. of living space with two separate units. Each unit provides generous living accommodations, including an additional bedroom for added flexibility and functionality.Situated on a generous 9,600 sq. ft. lot, one of the property’s standout features is its 15+ parking spaces, offering exceptional convenience for residents and guests.Per the City of Lawrence, the property is located in an R-3 zoning district, providing potential for three-family use, conversion, or redevelopment, subject to applicable zoning requirements, permitting, and City approval. Buyers and buyer’s agents are encouraged to perform their own due diligence regarding zoning and development possibilities.With its single-story duplex-style configuration, ample parking, flexible living space, and potential for additional development, this property offers multiple possibilities—from rental income and multi-generational living to an owner-occupant living in one unit while renting the other.Now offered at a reduced price—don’t miss the opportunity to explore the full potential of this versatile property!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$364/sqft
Local Avg (Lawrence)$349/sqft
4% AboveMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Lawrence, MA.

Property Details

Financials

Original Price$900,000
Annual Taxes$4,944

Parking

Garage0
Off-Street15

Interior Specifications

Total Rooms12
FireplacesNone
FlooringTile
BasementPartial, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR-3

Property & Lot

Acres0.22
SqFt Lot9,600
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation

Geography

Property History

Price Drop
$849,900

Was $900,000

Sep 11, 2026

MLS® 73563107

Listed
$900,000

Aug 13, 2026

MLS® 73563107

Population

52,769

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$57K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

68.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Zuleem Garcia

Listing Office: Keller Williams Realty

MLS® Number: 73563107

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