87-89 Margin St, Lawrence MA 01841
Lawrence, MA 01841 • North Lawrence
$950,000
$930,000
Est. $5,425/month
About this home
Price Improvement! 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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Property History
Market Insights
1
Price Changes
2.1%
Price Range
Property Timeline
Status: Active under contract
Jul 22, 2026
Active → Active Under Contract
Pending Sale
Jul 21, 2026
Offer accepted, sale pending
Showing Instructions Updated
Jul 17, 2026
New showing requirements
Price Reduced
Jul 15, 2026
$930,000
$20,000
(-2.11%)
From $950,000 to $930,000 (-2.1%)
Listed for Sale
Jun 14, 2026
$950,000
Original listing
Office: Realty ONE Group Nest
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/22/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/21/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/17/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/15/2026 | ↓ Price Reduced | $930,000 | $20,000 | - | From $950,000 to $930,000 (-2.1%) |
| 06/14/2026 | 🏠 Listed for Sale | $950,000 | - | - | Original listing |
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
8.65%
Interior
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
Exterior
Construction
Conventional (2x4-2x6)
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Features
Paved Drive, On Street
Total Spaces
1
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$6,269
Assessed Value
$777,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
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.
Additional Details
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)
52 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,046 sq ft above grade
1,338 sq ft below grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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:
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
Nearby Schools
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
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
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
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
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Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
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
Rate Impact
-0.5% Rate
$0/mo
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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
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
Aug 5, 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.
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