Property Details
Basic Information
- Property SubType: 4 Family
- MLS Number: 73555467
- Mls Status: New
- List Price: $1,300,000
- Date Listed: 07/27/2026
- Units: 4
- Description: Whether you're looking to offset your monthly housing expenses with rental income or build long-term wealth through real estate investing, this professionally maintained legal four-family offers exceptional flexibility, immediate cash flow, and outstanding long-term potential. Offered at $1,300,000, the property features 12 bedrooms, 4 full baths, and sits on a generous 7,000 sq. ft. lot with abundant off-street parking, one-car garage, storage shed, and garden area. The owner's unit will be delivered vacant at closing, creating an ideal opportunity for an owner-occupant or allowing investors to immediately lease at current market rents. Three Tenant-at-Will units currently generate $6,250 per month and with market rents estimated at approximately $2,200 per unit the projected gross income is $105,600/yr. Building features include individually heated units with separately metered gas and electric, replacement windows, updated electrical service with house meter, a fully certified central fire sprinkler system, coin-operated laundry, dedicated tenant storage, and a common mechanical area. Conveniently located near major highways, public transportation, shopping, restaurants, parks, and neighborhood amenities. Lead compliance history available.
Building
- Acreage: 0.16
- Square Feet: 5,023
- Year Built: 1910
- Zoning: B1
- Stories: 4
- Rooms: 22
- Roof: Rubber
- Foundation: Concrete Perimeter, Stone
Location
- County: Essex
- Town: Lawrence
Finance
- Taxes: $7,404
Interior Features
Bedrooms
- Bedrooms: 12
Bathrooms
- Bathrooms: 4
- Full Baths: 4
Interior Features
- Interior Features: Laundry Room
Exterior Features
Exterior Features
- Exterior Features: Sprinkler System, Fruit Trees, Garden
Utilities and Appliances
Utilities and Appliances
- Appliances: Range, Microwave, Refrigerator
- Appliances Included: Range, Microwave, Refrigerator
Community
Schools
- Elementary School: John K. Tarbox School
- High School: Lawrence High School
Amenities
- Other Amenities: Garden