Pleased to present 176–178 Bailey Street, a substantial 4-unit multifamily in Lawrence’s Southside neighborhood. The property features three (3) 4-bed/1-bath units and one (1) 5-bed/2-bath loft-style unit, totaling 5,708± sq. ft. of living area and 8,980± sq. ft. gross area on a 0.18-acre lot with off-street parking. Each unit is separately metered for electric, heat, and hot water; landlord responsible for common electric and domestic water/sewer. Recent updates include a brand-new 2025 asphalt shingle roof, newer boilers and water heaters, stainless appliances, and plank flooring. Added amenities include in-unit laundry hookups. Ideally located near the Commuter Rail, I-495, Routes 28 & 114, medical offices, downtown, shopping, and restaurants. With strong rental demand and major improvements, this property offers both stability and upside—an excellent opportunity in one of Lawrence’s most vibrant neighborhoods.
Sold for $1,200,000
$1,200,000
176-178 Bailey St, Lawrence, MA 01843
17beds
5,708sqft
4 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$210/sqft
$3,164 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,164/mo
Zestimate® history
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In-unit laundry hookupsOff-street parkingStainless appliancesPlank flooring
Zillow last checked:
Listing updated:
Listed by:
Michael Alvarez 617-329-9493,
Alvarez Real Estate Group LLC 617-329-9493
Bought with:
Michael Alvarez
Alvarez Real Estate Group LLC
Source: MLS PIN,MLS#: 73429257
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Range, Microwave, Refrigerator, Washer, Dryer
- Laundry: Gas Dryer Hookup, Washer Hookup
Features
- Living Room, Dining Room, Kitchen, Laundry Room, Loft
- Flooring: Other
- Basement: Full,Interior Entry,Bulkhead,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 5,708
- Total interior livable area: 5,708 sqft
- Finished area above ground: 5,708
Property
Parking
- Total spaces: 8
- Parking features: Off Street, Tandem
- Uncovered spaces: 8
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters, Garden
- Fencing: Fenced
Lot
- Size: 7,840 Square Feet
- Features: Other
Details
- Parcel number: 4202649
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Foundation: Block
- Roof: Shingle,Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
Location
- Region: Lawrence
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $841,100
- Annual tax amount: $7,402
- Date on market: 1/1/2026
- Exclusions: Water Filtration System Is Excluded From The Sale, And The Shed Is Tenant-Owned.
- Total actual rent: 7700
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $1,200,000-4%$210/sqft |
Source: MLS PIN #73429257 Report a problem | ||
| 9/22/2025 | Contingent | $1,250,000$219/sqft |
Source: MLS PIN #73429257 Report a problem | ||
| 9/11/2025 | Listed for sale | $1,250,000$219/sqft |
Source: MLS PIN #73429257 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01843
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Nearby schools
GreatSchools rating
- NAJohn Breen SchoolGrades: PK-KDistance: 0.3 mi
- 7/10Spark AcademyGrades: 6-8Distance: 0.4 mi
- 1/10Lawrence High SchoolGrades: 9-12Distance: 0.7 mi
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- Massachusetts
- Essex County
- Lawrence
- 01843
- 176-178 Bailey St
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