3 Family at 248-250 Bailey, Lawrence MA 01843
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10 photos

$979,999

248-250 Bailey, Lawrence MA 01843
Lawrence, MA 01843
Listed by Rafael Vega
Bedrooms
8
Bathrooms
3
Living area
3,082 sqft
Year built
1910

About this home

248-250 Bailey, located in Lawrence, Massachusetts, presents a significant opportunity to acquire a substantial multi-family property constructed in 1910. Spanning 3,082 square feet of interior living area, this building offers an architectural history that provides a solid foundation for those seeking to invest in a versatile residential asset. The residence is structured across three distinct stories, offering a spacious floor plan that encompasses eight bedrooms in total. This generous bedroom count allows for flexible living arrangements and efficient space utilization. Complementing the private quarters, the property includes three full bathrooms, positioned to ensure functionality and convenience throughout the building. The exterior of the property occupies a 5,571-square-foot lot, providing a manageable outdoor footprint. Residents will benefit from the inclusion of two garage spaces, which offer secure, off-street vehicle storage and added utility in all weather conditions.

Property details

MLS
MLS Property Information Network
MLS #
73594040
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 22, 2026
Stories
3
Total bathrooms
3
Garage spaces
2
Parking spaces
10
Lot size
0.13 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
John Breen School
0.22 mi away · Grades -1-0
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
252
Student:teacher ratio
12.0:1
District
Lawrence
Middle
Spark Academy
0.28 mi away · Grades 6-8
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
436
Student:teacher ratio
10.4:1
District
Lawrence
High
Lawrence High School
0.63 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
3,097
Student:teacher ratio
13.0:1
District
Lawrence

Walkability

Blended score for Lawrence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

81
Highly walkable
out of 100
EPA National Walkability Index
13.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies7

Market position

How this listing compares to current activity in Lawrence, from live MLS data.

On the market 1 days -- 111 fewer days than Lawrence's current average of 112 days.
For reference, the median list price across 249 active listings in Lawrence right now is $105,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,052/mo
$196,000 down
$783,999 loan
Principal & interest$5,085
Property tax (est.)$817
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 9 hr 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.