Attention 203(k) buyer — a savvy homebuyer or owner-occupant ready to take advantage of an affordable down payment (3.5% down) and convert this promising property into a beautiful two-family home. Located at 31 Garfield Street, recently subdivided from the original dual-building parcel (formerly Buildings 31 & 33). Built in 2010 and well maintained, the structure is in very good shape, and strong “bones.” Zoning Board approval already secured for redevelopment into a two-family dwelling — plus a spacious garage with potential for expansion. Imagine two residential units plus a large garage suitable for a home-shop or protected tandem parking for two cars. Off-street parking is abundant. For contractors, owner-occupants, or those looking to add value, this is a rare opportunity. With the right vision and a 203(k) rehab loan to bundle purchase + renovation — this unit offers remarkable upside. Reach out to schedule a walkthrough and explore the possibilities for this value add gem.
This home has been viewed 18 times
Last Checked: December 12th, 2025 at 6:13am (Source: MLS PIN #73461451)
Gross Income: $0
Gross Expenses: $5,571
Net Income Calc: $5,571
CAP Rate: -0.80%
Annual Expenses for 31 Garfield St, Lawrence MA 01843
Total Gross Expenses (Calculated)$5,571/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,571.28
Annual Income & Unit Breakdown for 31 Garfield St, Lawrence MA 01843
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms3 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
General Information for 31 Garfield St, Lawrence MA 01843
Listing ID73461451
Property TypeMulti Family
Price$699,900 ($218.17/SqFt)
StyleMulti Family
CityLawrence
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,208 SqFt
Approximate Lot Size (Acres)0.15 acres
Total Parking14 (2 Garage)
Garage Parking2 / Detached
Year Built2010
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsStone, Block
Lot FeaturesLevel
Foundation Area1548
Foundation DescriptionConcrete Perimeter,Slab
Accessible Features
Outdoor Space
ZoningR2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 31 Garfield St, Lawrence MA 01843
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureLiving are is approximate per floor plan.
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 31 Garfield St, Lawrence MA 01843
Real Estate Taxes$5,571.28
Tax Year2025
Assessed Value$633,100
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.80%
Location Information for 31 Garfield St, Lawrence MA 01843
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Private School
Contact Information for 31 Garfield St, Lawrence MA 01843