USAMALawrence114-102-114 Water St
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$5,600,000

For Sale

5 days ago

114 - 102-114 Water St, Lawrence, MA

MLS® 73562010

27 Bed

27 Bath

27583 sqft

13 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 27583 sqft
Garage No
Taxes $36,323
Days Active 5
Lot Size 0.4399999976158142 Acres
Approx. Age 1900
Avg. Price Per Sqft $203
MLS® Number 73562010

Property Address: 114-102-114 Water St, Lawrence, MA, 01841-4727

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73562010
Laundry Level
Central VacNo
FireplaceNo
Acreage0.44
Exterior
GarageNo
Approx. Age1900
BasementFull
DrivewayOff Street, On Street
Garage Spaces0
HeatBaseboard
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$5,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
102-114 Water St, Lawrence, MA

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