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Canceled

281-285 Essex St, Lawrence MA 01840

$3,799,999

Estimated $8,059/month Calculator

Multi Family

Total Units: 16

Price Per Unit: $237,499.94

Total Rent: 95400/year

Estimated CAP Rate:

25 Bedrooms

Baths

18000

Total Parking: 0

4,743 (0.11)

281-285 Essex Street presents a rare opportunity to acquire a centrally located mixed-use asset in the heart of Downtown Lawrence. The property consists of sixteen total units, including two commercial storefronts, nine 2-bedroom apartments, one 3-bedroom apartments and four 1-bedroom apartments, encompassing approximately 18,000 square feet on a .11-acre parcel. The building offers a highly attractive blend of residential stability and street-level commercial visibility in one of the city's most attractive corridors.

This home has been viewed 10 times

Last Checked: May 31st, 2026 at 4:29am (Source: MLS PIN #73520521)

Gross Income: $95,400

Gross Expenses: $55,935

Net Income Calc: $39,465

Annual Expenses for 281-285 Essex St, Lawrence MA 01840

Total Gross Expenses (Calculated)$55,935/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax22773

Annual Income & Unit Breakdown for 281-285 Essex St, Lawrence MA 01840

Total Gross Income (Calculated)$95,400

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 281-285 Essex St, Lawrence MA 01840

Listing ID73520521

Property TypeMulti Family

Price3799999 ($211.11/SqFt)

Style5+ Family - 5+ Units Up/down

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total18000

Approximate Lot Size (Acres)0.11

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

Zoningunkwn

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 281-285 Essex St, Lawrence MA 01840

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTree House

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 281-285 Essex St, Lawrence MA 01840

Real Estate Taxes22773

Tax Year2025

Assessed Value$2,587,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 281-285 Essex St, Lawrence MA 01840

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 281-285 Essex St, Lawrence MA 01840

Agent

Name: Patrick Hermans

Office

Name: J. Borstell Real Estate, Inc.

Phone: 978-502-8045

Payment Calculator

, Interest

Property Taxes 1897.75

Principal & Interest 23414.39

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Borstell Real Estate, Inc.

Patrick Hermans

Agent Phone

Office Phone

(978) 502-8045

Text Agent Call Agent Call Office

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EXIT

18 More Photos

Canceled

281-285 Essex St, Lawrence MA 01840

$3,799,999

Annual Expenses for 281-285 Essex St, Lawrence MA 01840

Annual Income & Unit Breakdown for 281-285 Essex St, Lawrence MA 01840

General Information for 281-285 Essex St, Lawrence MA 01840

Disclosures for 281-285 Essex St, Lawrence MA 01840

Financial Information for 281-285 Essex St, Lawrence MA 01840

Location Information for 281-285 Essex St, Lawrence MA 01840

Contact Information for 281-285 Essex St, Lawrence MA 01840

Agent

Office

Payment Calculator

Exclusive Listing Agent

J. Borstell Real Estate, Inc.

Patrick Hermans