42 Summer Street, Lawrence MA 01840
Lawrence, MA 01840
$899,000
Est. $73,129/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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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!
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Recently Sold Nearby
Property History
Market Insights
40%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Oct 1, 2026
$899,000
Original listing
Agent: Justin Melo
Office: LAER Realty Partners
Previous Transaction - MLS #72833788
Full transaction history available when tracking began
Previously Sold
Jul 26, 2021
$539,000
MLS #72833788
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2026 | 🏠 Listed for Sale | $899,000 | - | - | Original listing |
| 07/26/2021 | 🏷️ Previously Sold | $539,000 | - | - | MLS #72833788 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $820,600 | $733,600 |
Financial Details
Annual Property Tax
$820,600
Tax Year 2026
Assessed Value
$733,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
3,655 sq ft
Lot Size
0.05 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Vinyl, Carpet
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame, Brick
Architecture
None
Roof
Shingle, Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Total Spaces
1
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$820,600
Assessed Value
$733,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Blue
Sq Ft Source
Measured
Documents
None
County
Essex
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,655 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,655 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl, Carpet
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame, Brick
Roof:
Shingle, Rubber
Foundation:
Block
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
On Street
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$68,383
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
42 Summer Street, Lawrence MA 01840
Lawrence, MA 01840
Listing Information
Listing Agent
Justin Melo
Listing Office
LAER Realty Partners
Office Phone
978-251-8221
Agent MLS ID
CT007602
Office MLS ID
AN1199
Listing Data Updated
Oct 1, 2026 5:07 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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