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83-87 Howard St, Lawrence MA 01841

$1,399,000

Estimated $2,873/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $349,750

Total Rent: 109200/year

Estimated CAP Rate:

13 Bedrooms

Baths

4413

Total Parking: 6

10,000 (0.23)

Spacious multi-family investment opportunity featuring three units plus a single-family home on the same lot. The property includes two units with 3 bedrooms and 1.75 baths, one 3-bedroom, 1-bath unit, and a separate single-family home offering 4 bedrooms and 1 bath. Extensively renovated in 2009, the property features updated interiors with granite countertops, modern finishes, and strong rental appeal. Situated on a large lot with a generous yard and 8 off-street parking spaces, this property offers excellent convenience for tenants and owners alike. Current rents are below market, presenting significant upside potential for increased cash flow and long-term appreciation. Ideal opportunity for Owner occupied or investors seeking a value-add asset with strong unit mix, ample parking, and excellent income growth potential.

This home has been viewed 9 times

Last Checked: May 25th, 2026 at 6:18am (Source: MLS PIN #73521123)

Gross Income: $109,200

Gross Expenses: $7,255

Net Income Calc: $101,945

Water Views

Annual Expenses for 83-87 Howard St, Lawrence MA 01841

Total Gross Expenses (Calculated)$7,255/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7255

Annual Income & Unit Breakdown for 83-87 Howard St, Lawrence MA 01841

Total Gross Income (Calculated)$109,200

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full, 1 Half

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

General Information for 83-87 Howard St, Lawrence MA 01841

Listing ID73521123

Property TypeMulti Family / 4 Family

Price1399000 ($317.02/SqFt)

Style4 Family

CityLawrence

CountyEssex

MLS AreaNorth Lawrence

Neighborhood(s)

Approximate Living Area Total4413

Approximate Lot Size (Acres)0.23

Total Parking6

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR4

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 83-87 Howard St, Lawrence MA 01841

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 83-87 Howard St, Lawrence MA 01841

Real Estate Taxes7255

Tax Year2025

Assessed Value$824,400

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 83-87 Howard St, Lawrence MA 01841

Neighborhood(s)

MLS AreaNorth Lawrence

Area Amenities

Contact Information for 83-87 Howard St, Lawrence MA 01841

Agent

Name: Benjamin Sirota

Office

Name: Stonewall Property Management

Phone: 978-590-6220

Team Members

Payment Calculator

, Interest

Property Taxes 604.58

Principal & Interest 8620.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Stonewall Property Management

Benjamin Sirota

Agent Phone

Office Phone

(978) 590-6220

Text Agent Call Agent Call Office

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EXIT

9 More Photos

Pending

83-87 Howard St, Lawrence MA 01841

$1,399,000

Annual Expenses for 83-87 Howard St, Lawrence MA 01841

Annual Income & Unit Breakdown for 83-87 Howard St, Lawrence MA 01841

General Information for 83-87 Howard St, Lawrence MA 01841

Disclosures for 83-87 Howard St, Lawrence MA 01841

Financial Information for 83-87 Howard St, Lawrence MA 01841

Location Information for 83-87 Howard St, Lawrence MA 01841

Contact Information for 83-87 Howard St, Lawrence MA 01841

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Stonewall Property Management

Benjamin Sirota