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Active Under Contract

13-15 Falmouth St, Lawrence MA 01843

$979,000

Estimated $2,127/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $326,333.33

Total Rent: 90000/year

Estimated CAP Rate:

9 Bedrooms

Baths

3546

Total Parking: 3

3,484 (0.08)

Exceptional opportunity in a prime South Lawrence location, just moments from the North Andover line! This spacious 3-family home offers three bedrooms in each unit and was extensively renovated in 2024 with impressive upgrades throughout. Each unit features gleaming hardwood floors, recessed lighting, beautifully renovated kitchens and bathrooms, modern stainless steel appliances, new doors and hardware, and convenient in-unit laundry. The common and exterior areas are equally updated, reflecting the care invested throughout the property. The basement features separate utilities, new plumbing and electrical systems, including 200-amp service for each unit, and soundproof insulation on 1st and 2nd units. Off-street parking adds even more convenience, with driveway access subject to an easement. All three units are currently occupied by tenants at will, with rents below current market levels, presenting potential upside for the next owner. One unit may be delivered vacant upon request, offering an excellent option for an owner-occupant or investor. A beautifully updated, substantial 3-family property in a highly desirable location—truly a gem!

This home has been viewed 5 times

Last Checked: September 18th, 2026 at 10:58am (Source: MLS PIN #73574326)

Gross Income: $90,000

Gross Expenses: $6,472

Net Income Calc: $83,528

Water Views

Annual Expenses for 13-15 Falmouth St, Lawrence MA 01843

Total Gross Expenses (Calculated)$6,472/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6472

Annual Income & Unit Breakdown for 13-15 Falmouth St, Lawrence MA 01843

Total Gross Income (Calculated)$90,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 13-15 Falmouth St, Lawrence MA 01843

Listing ID73574326

Property TypeMulti Family / 3 Family

Price979000 ($276.09/SqFt)

Style3 Family

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total3546

Approximate Lot Size (Acres)0.08

Total Parking3

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 13-15 Falmouth St, Lawrence MA 01843

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

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 13-15 Falmouth St, Lawrence MA 01843

Real Estate Taxes6472

Tax Year2026

Assessed Value$749,100

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 13-15 Falmouth St, Lawrence MA 01843

Elementary SchoolSouth Lawrence East Elementary

Middle SchoolSpark Academy

High SchoolLawrence High School

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 13-15 Falmouth St, Lawrence MA 01843

Agent

Name: Ana Riffel

Office

Name: eXp Realty LLC

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 539.33

Principal & Interest 6032.29

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty LLC

Ana Riffel

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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EXIT

39 More Photos

Active Under Contract

13-15 Falmouth St, Lawrence MA 01843

$979,000

Annual Expenses for 13-15 Falmouth St, Lawrence MA 01843

Annual Income & Unit Breakdown for 13-15 Falmouth St, Lawrence MA 01843

General Information for 13-15 Falmouth St, Lawrence MA 01843

Disclosures for 13-15 Falmouth St, Lawrence MA 01843

Financial Information for 13-15 Falmouth St, Lawrence MA 01843

Location Information for 13-15 Falmouth St, Lawrence MA 01843

Contact Information for 13-15 Falmouth St, Lawrence MA 01843

Agent

Office

Payment Calculator

Exclusive Listing Agent

eXp Realty LLC

Ana Riffel