Rare opportunity to own a well-maintained 7-unit investment property in a convenient Lawrence location! This income-producing property features six 2-bedroom, 1-bath apartments plus a separate studio house with an attached 1-car garage, offering an attractive mix of rental options. Current rents range from $795-$950/month with approximately $5,815 in monthly gross income ($69,780 annually). One of the 2-bedroom units has been recently remodeled, providing additional upside for future rent growth. The approximately 5,600 sq. ft. brick apartment building also includes a rare 1,700 sq. ft. unfinished basement with shop space and mechanical areaan ideal setup for storage, maintenance, and property management. The detached approximately 500 sq. ft. studio house adds flexibility and additional rental appeal. Whether youre expanding your portfolio or purchasing your first multifamily investment, this property offers strong cash flow, a desirable unit mix, and long-term value in the Lawrence rental market. 2026-08-26
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