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Active

159 S Union Street, Lawrence MA 01843

$1,975,000

Estimated $4,363/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $219,444.44

Total Rent: 112800/year

Estimated CAP Rate:

21 Bedrooms

Baths

11280

Total Parking: 7

6,969 (0.16)

159 S Union St contains nine (9) total units, comprised of seven (7), 3-Bedroom/1-Bathroom units and two street-level commercial units with 11,280 square feet of gross living area in 15,000 square feet of gross area. Both commercial units are occupied by Hayes Tavern, who recently signed a brand-new lease. The Property is situated on a 0.16-acre parcel and features seven (7) off-street parking spaces. The Property is separately metered for gas powered heat & hot water, as well as individually metered electricity, which tenants pay directly. The Landlord is responsible for providing domestic water and sewer, which they pay directly. 159 South Union Street is strategically located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is situated in a highly walkable area with numerous retailers, services, and community amenities.

This home has been viewed 21 times

Last Checked: June 16th, 2026 at 5:03am (Source: MLS PIN #73534642)

Gross Income: $112,800

Gross Expenses: $13,921

Net Income Calc: $98,879

Water Views

Annual Expenses for 159 S Union Street, Lawrence MA 01843

Total Gross Expenses (Calculated)$13,921/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13921

Annual Income & Unit Breakdown for 159 S Union Street, Lawrence MA 01843

Total Gross Income (Calculated)$112,800

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 159 S Union Street, Lawrence MA 01843

Listing ID73534642

Property TypeMulti Family

Price1975000 ($175.09/SqFt)

Style5+ Family - 5+ Units Up/down

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total11280

Approximate Lot Size (Acres)0.16

Total Parking7

Garage Parking0

Year Built1930

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 159 S Union Street, Lawrence MA 01843

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

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 159 S Union Street, Lawrence MA 01843

Real Estate Taxes13921

Tax Year2026

Assessed Value$1,234,400

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 159 S Union Street, Lawrence MA 01843

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 159 S Union Street, Lawrence MA 01843

Agent

Name: Spencer Norton

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Team Members

Payment Calculator

, Interest

Property Taxes 1160.08

Principal & Interest 12169.32

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Spencer Norton

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

11 More Photos

Active

159 S Union Street, Lawrence MA 01843

$1,975,000

Annual Expenses for 159 S Union Street, Lawrence MA 01843

Annual Income & Unit Breakdown for 159 S Union Street, Lawrence MA 01843

General Information for 159 S Union Street, Lawrence MA 01843

Disclosures for 159 S Union Street, Lawrence MA 01843

Financial Information for 159 S Union Street, Lawrence MA 01843

Location Information for 159 S Union Street, Lawrence MA 01843

Contact Information for 159 S Union Street, Lawrence MA 01843

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Spencer Norton