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42 Summer Street, Lawrence MA 01840

$875,000

Estimated $69,802/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $291,666.67

Total Rent: 0/year

Estimated CAP Rate:

9 Bedrooms

Baths

3655

Total Parking: 1

2,139 (0.05)

Excellent opportunity to own a fully updated three-family property offering modern finishes, spacious layouts, and strong investment potential. Each unit has been thoughtfully renovated with updated kitchens and bathrooms, fresh paint, modern flooring, and updated fixtures throughout. The property offers three separate living spaces, making it ideal for an investor looking to add a turnkey property to their portfolio or an owner-occupant looking to offset their mortgage with rental income. With the major updates already completed, this property is ready for its next owner. Conveniently located near shopping, restaurants, public transportation, and major commuter routes. A great opportunity to own a move-in-ready multifamily property with excellent income potential!

This home has been viewed 20 times

Last Checked: October 24th, 2026 at 6:38am (Source: MLS PIN #73585624)

Gross Income: $0

Gross Expenses: $820,600

Net Income Calc: $820,600

Water Views

Annual Expenses for 42 Summer Street, Lawrence MA 01840

Total Gross Expenses (Calculated)$820,600/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax820600

Annual Income & Unit Breakdown for 42 Summer Street, Lawrence MA 01840

Total Gross Income (Calculated)$0

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 42 Summer Street, Lawrence MA 01840

Listing ID73585624

Property TypeMulti Family / 3 Family

Price875000 ($239.4/SqFt)

Style3 Family - 3 Units Up/down

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total3655

Approximate Lot Size (Acres)0.05

Total Parking1

Garage Parking0

Year Built1900

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

ZoningR-3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 42 Summer Street, Lawrence MA 01840

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

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 42 Summer Street, Lawrence MA 01840

Real Estate Taxes820600

Tax Year2026

Assessed Value$733,600

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 42 Summer Street, Lawrence MA 01840

Neighborhood(s)

Area Amenities

Contact Information for 42 Summer Street, Lawrence MA 01840

Agent

Name: Justin Melo

Office

Name: LAER Realty Partners

Phone: 978-251-8221

Payment Calculator

, Interest

Property Taxes 68383.33

Principal & Interest 5391.47

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Justin Melo

Agent Phone

Office Phone

(978) 251-8221

Text Agent Call Agent Call Office

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EXIT

39 More Photos

Active

42 Summer Street, Lawrence MA 01840

$875,000

Annual Expenses for 42 Summer Street, Lawrence MA 01840

Annual Income & Unit Breakdown for 42 Summer Street, Lawrence MA 01840

General Information for 42 Summer Street, Lawrence MA 01840

Disclosures for 42 Summer Street, Lawrence MA 01840

Financial Information for 42 Summer Street, Lawrence MA 01840

Location Information for 42 Summer Street, Lawrence MA 01840

Contact Information for 42 Summer Street, Lawrence MA 01840

Agent

Office

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

Justin Melo