Sold!
$1,200,000
9
Beds
9
Baths
4,172
Living Area
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Property Description
Welcome to an exceptional investment opportunity in the City of Lawrence. This 9-unit property features a desirable unit mix of three one-bedroom units and six studio units, offering strong income potential. The property provides ample parking with at least one space per unit, as well as a garage. A large basement offers additional storage space for tenants. Two units are currently vacant, presenting an immediate opportunity for the new owner to select their own tenants or adjust rents to market value. The property also offers two generous side yards, giving tenants outdoor space to enjoy. Additional features include a newly built side deck, coin-operated washer and dryer available for tenant use, a welcoming front porch, and a good-sized lot. Conveniently located near restaurants, shops, supermarkets, parks, and with easy access to major highways including Route 93, this property is well positioned for both tenants and investors.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1920
- Parking Spots: 10
- Property Type: 5-9 Family
- Total Rooms: 20
- Status: Closed
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Additional Details
- Basement: Unfinished
- Foundation: Stone
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R
- Construction: Frame, Brick
- Roof: Shingle
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Private School, Public School
- Parking Features: Paved Drive
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $952,500
- Tax Year: 2025
- Total Rent: $8,600
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Heat, Electric, Water)
- Taxes: $8,382
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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 Home Shop Properties, Inc..
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
