Don't miss this fantastic opportunity to own a well-maintained two-family home in the heart of Lawrence. The first unit features a large three-bedroom layout with generous living and dining areas, hardwood floors, and an updated kitchen—perfect for owner-occupants or rental income. Both units offer updated kitchen cabinets with granite counter tops and updates throughout. The second unit features a large four-bedroom layout with similar features to the first unit. Fully remodeled in 2024, the building also features a new roof, York boilers and central air. Conveniently located near schools, shopping, and major highways. Great investment or multi-generational living opportunity.
This home has been viewed 15 times
Last Checked: February 7th, 2026 at 6:43am (Source: MLS PIN #73474973)
Gross Income: $69,120
Gross Expenses: $8,947
Net Income Calc: $60,173
CAP Rate: 8.42%
Annual Expenses for 82 Water St, Lawrence MA 01841
Total Gross Expenses (Calculated)$8,947/year
APOD AvailableYes
Heating
Electricity$300
Water
Gas
Insurance$4,272
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,375
Annual Income & Unit Breakdown for 82 Water St, Lawrence MA 01841
Total Gross Income (Calculated)$69,120
Unit 1
Rental Income$2,500
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$3,260
LeaseY
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 82 Water St, Lawrence MA 01841
Listing ID73474973
Property TypeMulti Family
Price$715,000 ($357.5/SqFt)
StyleMulti Family
CityLawrence
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,000 SqFt
Approximate Lot Size (Acres)0.05 acres
Total Parking0
Garage Parking
Year Built1915
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesOther
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningI-2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 82 Water St, Lawrence MA 01841
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$4,572
Total Gross Income By Broker$69,120
Total Net Income By Broker$64,548
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 82 Water St, Lawrence MA 01841
Real Estate Taxes$4,375
Tax Year2025
Assessed Value$497,200
Financial Data Source
Total Gross Expenses By Broker$4,572
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$69,120
BostonRealEstate.com Gross Income
Total Net Income By Broker$64,548
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.42%
Location Information for 82 Water St, Lawrence MA 01841
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 82 Water St, Lawrence MA 01841