Don’t miss this rare opportunity to own a well-performing six-family property in a desirable location near the Methuen line, offered at $1,299,000. Each of the six spacious units features 3 bedrooms and 1 full bath, appealing to quality tenants. Three units have been updated within the past two years, adding value and rental upside.Tenants pay their own utilities, keeping owner expenses low and maximizing cash flow. The property also offers approximately 8 off-street parking spaces, a major perk in this area. Conveniently located near shopping, dining, and major highways, this turnkey property delivers both strong rental income and long-term investment potential.
Facts & Features
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Property Category
Residential Income
Year Built
1920
Bedrooms
18
Full Bathrooms
6
Living Area
7,520 sq ft
Total Rooms
30
Stories
5
Levels
5
Interior Features
Flooring
Varies
Has Fireplace
No
Basement Details
Full, Interior Entry, Concrete, Unfinished
Exterior & Structure
Construction Materials
Frame, Concrete
Roof
Rubber
Foundation
Stone
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.15 acres
Lot Size
6,534 sq ft
Lot Size Area
0.1500
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
8
Parking Features
Paved Drive, Off Street
Utilities & Systems
Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Park, Highway Access
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,629
Tax Year
2025
Tax Assessed Value
$866,900
Parcel Number
M:0224 B:0000 L:0004,4211788
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
All information provided is deemed reliable but is not guaranteed and should be independently verified by the buyer and/or buyer's agent. Operating expenses & rent roll attached on MLS.
Exclusions
All Tenants Belonging. All Washer & Dryers Belong To The Tenants.
Listing Terms
Contract
Location
Loading map...
Neighborhood
439-443 Riverside Dr, Lawrence MA 01841
Lawrence, MA 01841
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$636
Homeowners Insurance$200
PMI$0
Property History
Property Timeline
🏠
Listed for Sale
Apr 11, 2025
$1,299,000
Original listing
Agent: Olivares Molina TEAMOffice: Realty One Group Nest
