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48 Union St, Lawrence MA 01840

$589,900

Estimated $1,363/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $294,950

Total Rent: 56160/year

Estimated CAP Rate:

4 Bedrooms

Baths

2048

Total Parking: 2

2,026 (0.05)

Welcome to 48 Union Street, a townhome-style two-family property featuring an up-and-down duplex configuration in the heart of Lawrence. Offering two separate residences under one roof, this property provides flexibility for an owner-occupant looking to offset monthly expenses with rental income, an investor seeking a centrally located multifamily asset or buyers in need of independent living spaces. Each unit enjoys its own private living area, creating separation and versatility for a variety of ownership strategies. The property is conveniently positioned near Lawrence-area hospitals, medical offices and healthcare facilities, while also providing easy access to downtown amenities, shopping, dining, public transportation and everyday necessities. With its adaptable layout, central location and income-producing potential, 48 Union Street presents an exciting opportunity to own a multifamily property in one of Lawrence’s most accessible areas.

This home has been viewed 23 times

Last Checked: October 19th, 2026 at 6:38am (Source: MLS PIN #73581570)

Gross Income: $56,160

Gross Expenses: $4,876

Net Income Calc: $51,284

Annual Expenses for 48 Union St, Lawrence MA 01840

Total Gross Expenses (Calculated)$4,876/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4876

Annual Income & Unit Breakdown for 48 Union St, Lawrence MA 01840

Total Gross Income (Calculated)$56,160

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 48 Union St, Lawrence MA 01840

Listing ID73581570

Property TypeMulti Family

Price589900 ($288.04/SqFt)

StyleMulti Family

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total2048

Approximate Lot Size (Acres)0.05

Total Parking2

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningB2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 48 Union St, Lawrence MA 01840

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Tv's-Brackets To Remain

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 48 Union St, Lawrence MA 01840

Real Estate Taxes4876

Tax Year2026

Assessed Value$564,400

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 48 Union St, Lawrence MA 01840

Neighborhood(s)

Area Amenities

Contact Information for 48 Union St, Lawrence MA 01840

Agent

Name: We Close Deals Team

Office

Name: Lamacchia Realty, Inc.

Phone: 508-832-5324

Team Members

Payment Calculator

, Interest

Property Taxes 406.33

Principal & Interest 3634.78

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

We Close Deals Team

Agent Phone

Office Phone

(508) 832-5324

Text Agent Call Agent Call Office

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EXIT

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