71-73 Elm St, Lawrence MA 01841

Lawrence, MA 01841
$1,125,000
Est. $5,988/month
12
Beds
6
Baths
6,204
Sq Ft
$181
Price/Sq Ft
0.08
Acres
1920
Year Built
5-9 Family
Type
15
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73234720

About this home

Great investment opportunity roughly half a mile from Lawrence general and walking distance to Essex Street. Boasting 6 very large, separately metered 2-bedroom units, all with mirroring layouts and lead certs. Some off street parking along the side of the building is available for tenant use. The property has a full walkout and well kept basement with updated systems and a storage/work area for property maintenance. Rents are all well below market for the area and the building's bones and systems are great. This property is set up to be a fantastic cash flowing and low headache addition to any investors portfolio.

Sale Statistics

Sale Overview
Original List Price: $1,125,000
Final Sale Price: $1,125,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $181
Sale $/sq ft: $181
This property sold for $181 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
5-9 Family
Property Category
Residential Income
Year Built
1920
Bedrooms
12
Full Bathrooms
6
Living Area
6,204 sq ft
Total Rooms
24
Stories
5
Levels
5

Interior Features

Has Fireplace
No
Basement Details
Full

Exterior & Structure

Construction Materials
Frame
Roof
Rubber
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.08 acres
Lot Size
3,566 sq ft
Lot Size Area
0.0800
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Park, Medical Facility
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$10,372
Tax Year
2023
Tax Assessed Value
$1,091,900
Zoning
unkwn
Financial Data Source
Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Lead Paint for and certs attached

Location

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Neighborhood

71-73 Elm St, Lawrence MA 01841

Lawrence, MA 01841

Walkability

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Schools

School information not available

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $864
Homeowners Insurance $200
PMI $0

Property History

Market Insights

17
Total Days on Market

Property Timeline

Sold
Jul 31, 2024
$1,125,000
Property sold
Days on Market: 17
🏠
Listed for Sale
May 8, 2024
$1,125,000
Original listing
Agent: Patrick Hermans Office: J. Borstell Real Estate, Inc.

Price & Status History

Date Event Price Change
May 8, 2024 New Listing Added $1,125,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$181

Tax History

Year Taxes Assessment
2023 $10,372 $1,091,900

Financial Details

Annual Property Tax
$10,372
Tax Year 2023
Assessed Value
$1,091,900

Listing Information

Listing Agent Patrick Hermans
Listing Office J. Borstell Real Estate, Inc.
Agent MLS ID CN225762
Office MLS ID G80038

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