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87-89 Margin St, Lawrence MA 01841 - Preview 1 87-89 Margin St, Lawrence MA 01841 - Preview 2 87-89 Margin St, Lawrence MA 01841 - Preview 3 87-89 Margin St, Lawrence MA 01841 - Preview 4 87-89 Margin St, Lawrence MA 01841 - Preview 5 87-89 Margin St, Lawrence MA 01841 - Preview 6 87-89 Margin St, Lawrence MA 01841 - Preview 7 87-89 Margin St, Lawrence MA 01841 - Preview 8 87-89 Margin St, Lawrence MA 01841 - Preview 9 87-89 Margin St, Lawrence MA 01841 - Preview 10 87-89 Margin St, Lawrence MA 01841 - Preview 11 87-89 Margin St, Lawrence MA 01841 - Preview 12 87-89 Margin St, Lawrence MA 01841 - Preview 13 87-89 Margin St, Lawrence MA 01841 - Preview 14 87-89 Margin St, Lawrence MA 01841 - Preview 15 87-89 Margin St, Lawrence MA 01841 - Preview 16

87-89 Margin St, Lawrence MA 01841

Lawrence, MA 01841 • North Lawrence
$950,000
Est. $5,526/month
9
Beds
3
Baths
4,046
Sq Ft
$235
Price/Sq Ft
0.04
Acres
1890
Year Built
1
Parking
3 Family
Type
25
Days on Market
Active Listed Jun 14, 2026 • MLS# 73535749 Copied! • Updated Jun 18, 2026

About this home

A rare opportunity to own a stabilized asset in a high-demand rental market! This well-established 3-unit multi-family property is fully occupied, generating $7,900 per month in gross rental income. Situated conveniently next to shopping and local amenities, this property offers immediate cash flow. A solid addition to any investment portfolio — this asset is performing and ready to transfer!

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 14, 2026
$950,000
Original listing
Office: Realty ONE Group Nest

Tax History

Year Taxes Assessment
2026 $6,269 $777,000

Financial Details

Annual Property Tax
$6,269
Tax Year 2026
Assessed Value
$777,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1890
Living Area 4,046 sq ft
Lot Size 0.04 acres
Bedrooms 9
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $2,300/mo · N
Unit 2 Rent $2,200/mo · N
Unit 3 Rent $2,200/mo · N
Total Monthly Rent $6,700/mo
Gross Income $80,400
Net Operating Income $80,400
Cap Rate 8.46%
Heating Baseboard
Cooling Window Unit(s), Wall Unit(s)
Flooring Wood, Tile, Vinyl, Carpet, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full, Partially Finished
Laundry None
Features Bathroom With Tub, Living Room, Dining Room, Kitchen
Construction Conventional (2x4-2x6)
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck
Features Paved Drive, On Street
Total Spaces 1
Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $6,269
Assessed Value $777,000
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Basement Is Partially Finished With Two Rooms, Bathroom, And A Small Kitchen That Includes A Fridge And Sink. The Two Rooms Are Currently Rented And Have A 1-year Lease. Rent Amount Is $1, 100. - Only 1 Small Parking Space Available. Everyone Else Parks On Bedford St.
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Public Record
Sq Ft Disclosures Seller and listing agent make no representation or warranties. Buyer to verify.
Documents None
County Essex
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
9
Full Bathrooms
3
Living Area
4,046 sq ft
Total Rooms
15
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Tile, Vinyl, Carpet, Hardwood
Appliances: Range, Refrigerator
Interior Features: Bathroom With Tub, Living Room, Dining Room, Kitchen
Windows:
Basement: Full, Partially Finished
Laundry:
Security:

Construction & Materials

Year Built: 1890
Structure Type:
Exterior Materials: Conventional (2x4-2x6)
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard
Cooling: Window Unit(s), Wall Unit(s)
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Paved Drive, On Street
School District
Lawrence School District local
D
🎓 Where Graduates Go Class of 2021
36% attend college
14% 4-Year 23% 2-Year 3% Out of State 2% Working
✓ School Safety 2024-25
2.2% Average
2.2% Suspensions 1.1% In-School
↓ 3.3% below state avg
E

Elementary Schools

3 schools
C
Lawrence Family Development Charter School
0.3 mi | #254 of 352 | Score: 36.0
Dropped 53 spots from last year
-22.3 below state avg
899 students Less Diverse
Strong Attendance
Grades PK-08
D
Gerard A. Guilmette School
0.3 mi | #756 of 824 | Score: 32.1
Improved 31 spots from last year
-26.1 below state avg
485 students Less Diverse
Rising School
Grades 01-04
Lawrence Family Public Academy
0.5 mi
202 students Less Diverse
Grades PK-K
M

Middle Schools

3 schools
C-
Guilmette Middle School
0.3 mi | #294 of 352 | Score: 31.8
Dropped 12 spots from last year
-26.4 below state avg
457 students Less Diverse
Grades 05-08
Blessed Stephen Bellesini O.S.A. Academy
0.4 mi
Grades 05-08
D
Alexander B Bruce School
0.4 mi | #331 of 352 | Score: 27.7
Dropped 7 spots from last year
-30.5 below state avg
462 students Less Diverse
Grades 03-08
H

High Schools

3 schools
Central Catholic High School
0.6 mi
21 sports • 2,718 athletes
Strong Athletics
Grades 09-12
B
High School Learning Center
0.8 mi | #172 of 346 | Score: 71.1
Same rank as last year
198 students Less Diverse
Career Tech Programs College Ready Curriculum
Grades 09-12
B
Phoenix Academy Public Charter High School, Lawrence
1.1 mi | #182 of 346 | Score: 69.9
Same rank as last year
140 students Moderate
Career Tech Programs College Ready Curriculum
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $522
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
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

North Lawrence

87-89 Margin St, Lawrence MA 01841

Lawrence, MA 01841

Listing Information

Listing Agent Katherina Ramirez
Listing Office Realty ONE Group Nest
Office Phone 978-655-1385
Agent MLS ID CN254009
Office MLS ID AN7014
Listing Data Updated Jun 18, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 800 - 9008 contact@bmnboston.com
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