Sold!
$1,200,000
17
Beds
5
Baths
5,708
Living Area
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Property Description
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.
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Highlights
- Area: South Lawrence
- Heating: Baseboard, Natural Gas
- Parking Spots: 8
- Property Type: 4 Family
- Total Rooms: 29
- Status: Closed
- Cooling: Window Unit(s)
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Range, Microwave, Refrigerator, Washer, Dryer
- Exclusions: Water Filtration System Is Excluded From The Sale, And The Shed Is Tenant-Owned.
- Flooring: Other
- Interior Features: Living Room, Dining Room, Kitchen, Laundry Room, Loft
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R3
- Basement: Full, Interior Entry, Bulkhead, Unfinished
- Exterior Features: Rain Gutters, Garden
- Foundation: Block
- Lot Features: Other
- Roof: Shingle, Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
- Parking Features: Off Street, Tandem
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $841,100
- Tax Year: 2025
- Total Rent: $7,700
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $7,402
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Alvarez Real Estate Group LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
