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87-89A Ferry St, Lawrence MA 01841

$830,000

Estimated $1,818.59/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $415,000

Total Rent: 28800/year

Estimated CAP Rate: 2.79%

7 Bedrooms

3 Full Baths

3,230 SqFt

Total Parking: 8 (2 Garage)

7,229 SqFt

Welcome to 87-89A Ferry Street, a well-maintained multi-family property nestled in the heart of Lawrence, MA. This spacious two-family residence is an ideal choice for both owner-occupants and investors looking to enhance their portfolios. Outside, you'll find a 2-car garage for convenient parking, along with ample space for 6+ vehicles. Located close to the MBTA, Interstate 495 & 93, commuting is a breeze, allowing you to easily access nearby amenities, shopping centers, and entertainment venues. Don’t miss the chance to acquire this exceptional property in a sought-after location! **Open House: February 1, 2025, from 12 PM to 3 PM.**

This home has been viewed 64 times

Last Checked: February 12th, 2025 at 5:19am (Source: MLS PIN #73329760)

Gross Income: $28,800

Gross Expenses: $5,673

Net Income Calc: $23,127

CAP Rate: 2.79%

Annual Expenses for 87-89A Ferry St, Lawrence MA 01841

Total Gross Expenses (Calculated)$5,673/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,673

Annual Income & Unit Breakdown for 87-89A Ferry St, Lawrence MA 01841

Total Gross Income (Calculated)$28,800

Unit 1

Rental Income$2,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water

General Information for 87-89A Ferry St, Lawrence MA 01841

Listing ID73329760

Property TypeMulti Family

Price$830,000 ($256.97/SqFt)

StyleMulti Family

CityLawrence

CountyEssex

MLS AreaSouth Lawrence

Neighborhood(s)

Approximate Living Area Total3,230 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area99999999999

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesVaries per Unit

Terms

Disclosures for 87-89A Ferry St, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$28,800

Total Net Income By Broker$28,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 87-89A Ferry St, Lawrence MA 01841

Real Estate Taxes$5,673

Tax Year2024

Assessed Value$613,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$28,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$28,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.79%

Location Information for 87-89A Ferry St, Lawrence MA 01841

Elementary SchoolEdward P. Elem

Middle SchoolParthum Middle

High SchoolLawrence High

Neighborhood(s)

MLS AreaSouth Lawrence

Area Amenities

Contact Information for 87-89A Ferry St, Lawrence MA 01841

Agent

Name: Luis Martins Realty Team

Office

Name: RE/MAX Synergy

Phone: 508-857-5392

Team Members

Name: Yoana De Jesus

Phone: 617-953-9675

Payment Calculator

, Interest

Property Taxes 472.75

Principal & Interest 5114.2

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Synergy

Luis Martins Realty Team

Agent Phone

Office Phone

(508) 857-5392

Text Agent Call Agent Call Office

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[terms] => Array
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                    [index] => 20
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

[20] => Array
                (
                    [id] => 70931896
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329760&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

[21] => Array
                (
                    [id] => 70931897
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329760&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

[22] => Array
                (
                    [id] => 70931898
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329760&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

[23] => Array
                (
                    [id] => 70931899
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329760&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

[24] => Array
                (
                    [id] => 70931900
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329760&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

[25] => Array
                (
                    [id] => 70931901
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73329760&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2025-02-12 05:19:04
                    [modified] => 2025-02-12 05:19:04
                )

)

)

EXIT