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3 Family - 3 Units Up/Down at 42 Summer Street, Lawrence MA 01840, Lawrence
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$899,000

42 Summer Street, Lawrence MA 01840
Lawrence, MA 01840
Listed by Justin Melo
Bedrooms
9
Bathrooms
3
Living area
3,655 sqft
Year built
1900

About this home

Excellent opportunity to own a fully updated three-family property offering modern finishes, spacious layouts, and strong investment potential. Each unit has been thoughtfully renovated with updated kitchens and bathrooms, fresh paint, modern flooring, and updated fixtures throughout. The property offers three separate living spaces, making it ideal for an investor looking to add a turnkey property to their portfolio or an owner-occupant looking to offset their mortgage with rental income. With the major updates already completed, this property is ready for its next owner. Conveniently located near shopping, restaurants, public transportation, and major commuter routes. A great opportunity to own a move-in-ready multifamily property with excellent income potential!

Property details

MLS #
73585624
Property type
3 Family - 3 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 1, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
1
Lot size
0.05 acres

Location

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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Oliver Partnership School
0.29 mi away · Grades 1-5
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
461
Student:teacher ratio
12.8:1
District
Lawrence
Middle
UP Academy Leonard Middle School
0.17 mi away · Grades 6-8
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
340
Student:teacher ratio
12.6:1
District
Lawrence
HighCharter
Phoenix Academy Public Charter High School Lawrence
0.13 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
138
Student:teacher ratio
12.5:1
District
Phoenix Academy Public Charter High School Lawrence (Distric

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).

83
Highly walkable
out of 100
EPA National Walkability Index
14.3 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies10

Market position

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

On the market 1 days -- 106 fewer days than Lawrence's current average of 107 days.
For reference, the median list price across 224 active listings in Lawrence right now is $72,500.

Mortgage calculator

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

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Est. monthly payment
$5,564/mo
$179,800 down
$719,200 loan
Principal & interest$4,665
Property tax (est.)$749
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.