Sold for $1,125,000

$1,125,000

71-73 Elm St, Lawrence, MA 01841

12beds

6,204sqft

5-9 Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$181/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$7,215/mo

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What's special

Updated systems

Great investment opportunity roughly half a mile from Lawrence general and walking distance to Essex Street. Boasting 6 very large, separately metered 2-bedroom units, all with mirroring layouts and lead certs. Some off street parking along the side of the building is available for tenant use. The property has a full walkout and well kept basement with updated systems and a storage/work area for property maintenance. Rents are all well below market for the area and the building's bones and systems are great. This property is set up to be a fantastic cash flowing and low headache addition to any investors portfolio.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6
Full bathrooms: 6

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 6,204
Total interior livable area: 6,204 sqft

Property

Parking

Total spaces: 6
Parking features: Off Street
Uncovered spaces: 6

Lot

Size: 3,566 Square Feet
Features: Corner Lot

Details

Zoning: unkwn

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Stone
Roof: Rubber

Condition

Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Park, Medical Facility

Location

Region: Lawrence

Financial & listing details

Price per square foot: $181/sqft
Tax assessed value: $1,091,900
Annual tax amount: $10,372
Date on market: 1/10/2026
Total actual rent: 8800

Price history

Date	Event	Price
7/31/2024	Sold	$1,125,000$181/sqft
Source: MLS PIN #73234720 Report a problem
5/11/2024	Contingent	$1,125,000$181/sqft
Source: MLS PIN #73234720 Report a problem
5/8/2024	Listed for sale	$1,125,000$181/sqft
Source: MLS PIN #73234720 Report a problem