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Chris Woodard

chrisw@kw.com +1(401) 640-3481

$ 5,600,000

Est. payment | -/mo

27 Beds

27 Baths

27,583 SqFt

Save

$ 5,600,000

Est. payment | -/mo

Save

27 Beds

27 Baths

27,583 SqFt

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 27,583 sqft

Price per Sqft $203

MLS Listing ID 73562010

Bedrooms 27

Full Baths 27

Year Built 1900

Annual Tax Amount $36,323

Tax Year 2025

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type 5-9 Family

Property Description

We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.

Location

State MA

County Essex

Zoning I-2

Direction Water St Lawrence, MA

Rooms

Basement Full

Interior

Heating Baseboard

Flooring Wood, Vinyl

Exterior

Community Features Public Transportation

Roof Type Rubber

Total Parking Spaces 13

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by New England Realty Advisors LLC

Nearby Locations

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Chris Woodard

Broker Associate in RI and MA | Lic# RI: B16682 | MA: 147825

chrisw@kw.com

+1(401) 640-3481

259 Thames St #10, Bristol, RI 02809, USA

102-114 Water Lawrence, MA 01841

Chris Woodard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

102-114 Water