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102-114 Water, Lawrence MA 01841
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18 photos

$5,600,000

102-114 Water, Lawrence MA 01841
Lawrence, MA 01841
Listed by Bradford Carlson
Bedrooms
27
Bathrooms
27
Living area
27,583 sqft
Year built
1900

About this home

We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.

Property details

MLS #
73562010
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
10
On market date
August 11, 2026
Stories
3
Garage spaces
N/A
Lot size
0.44 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Gerard A. Guilmette
0.33 mi away · Grades 1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
476
Student:teacher ratio
9.9:1
District
Lawrence
Middle
Guilmette Middle School
0.33 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
496
Student:teacher ratio
8.9:1
District
Lawrence
High
High School Learning Center
0.78 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
208
Student:teacher ratio
13.9:1
District
Lawrence

Mortgage calculator

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Est. monthly payment
$33,874/mo
$1,120,000 down
$4,480,000 loan
Principal & interest$29,057
Property tax (est.)$4,667
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 6 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.