Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

11-21 Lawrence Street, Lawrence MA 01840

Active

11-21 Lawrence Street, Lawrence MA 01840

$6,600,000

Estimated $15,751/month Calculator

Multi Family

Total Units: 39

Price Per Unit: $169,230.77

Total Rent: 91560/year

Estimated CAP Rate:

64 Bedrooms

Baths

60243

Total Parking: 0

6,969 (0.16)

Known as the “Bay State Building”, 11-21 Lawrence Street occupies a full city block in the heart of Lawrence’s vibrant downtown. The Property features thirty-nine (39) total units, comprised of thirty two (32) residential units on floors two through four and seven (7) street level commercial units with Chase Bank being the anchor tenant. Chase Bank signed a brand new 10-year lease in 2022 with four (4) 5-year renewal options and attractive rent increases throughout the primary term and renewal options. The Property occupies floors 1-4 of the iconic 8 floor, elevator serviced building in downtown Lawrence. Floors 1-4 feature 60,243 square feet of gross living area and 76,212 square feet of gross area. The Property is comprised of thirty-nine (39) total units, featuring seven (7) Commercial units, while the residential units are comprised of four (4) 3+Bedroom/1.5-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, three (3) 2+ Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 1-Bedroom/1-Bathroom units, and two (2) Studio units. Tenants are responsible for separately metered utilities. The Landlord is responsible for providing city water & sewer. *Total Monthly Rent is $75,105, exceeding the max allowed by MLS.*

This home has been viewed 9 times

Last Checked: October 21st, 2026 at 6:28am (Source: MLS PIN #73591823)

Gross Income: $91,560

Gross Expenses: $60,594

Net Income Calc: $30,966

Water Views

Annual Expenses for 11-21 Lawrence Street, Lawrence MA 01840

Total Gross Expenses (Calculated)$60,594/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax60594

Annual Income & Unit Breakdown for 11-21 Lawrence Street, Lawrence MA 01840

Total Gross Income (Calculated)$91,560

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

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

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 11-21 Lawrence Street, Lawrence MA 01840

Listing ID73591823

Property TypeMulti Family

Price6600000 ($109.56/SqFt)

Style5+ Family - 5+ Units Up/down

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total60243

Approximate Lot Size (Acres)0.16

Total Parking0

Garage Parking0

Year Built1905

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

ZoningB3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 11-21 Lawrence Street, Lawrence MA 01840

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSurveillance Devices

Financial Data SourceEstimated

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 11-21 Lawrence Street, Lawrence MA 01840

Real Estate Taxes60594

Tax Year2026

Assessed Value$5,418,200

Financial Data SourceEstimated

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 11-21 Lawrence Street, Lawrence MA 01840

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 11-21 Lawrence Street, Lawrence MA 01840

Agent

Name: Spencer Norton

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 5049.5

Principal & Interest 40667.1

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

Array
(
    [acres] => Approx. 0.16 acres (6,969 SqFt)
    [add_date] => 2026-10-17 08:48:34
    [address] => Lawrence Street
    [agent] => Array
        (
            [address] => 37 Oakland Street
            [city] => Newburyport
            [id] => CN230412
            [name] => Spencer Norton
            [national_association] => 
            [office] => AN2723
            [state] => MA
            [zip] => 01950
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 60243
    [approx_lot_size_acres] => 0.16
    [approx_lot_size_sqft] => 6969
    [assessed_value] => $5,418,200
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
        )

[bathrooms] => 
    [bedrooms] => 64
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Lawrence
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Essex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Known as the “Bay State Building”, 11-21 Lawrence Street occupies a full city block in the heart of Lawrence’s vibrant downtown. The Property features thirty-nine (39) total units, comprised of thirty two (32) residential units on floors two through four and seven (7) street level commercial units with Chase Bank being the anchor tenant. Chase Bank signed a brand new 10-year lease in 2022 with four (4) 5-year renewal options and attractive rent increases throughout the primary term and renewal options.  The Property occupies floors 1-4 of the iconic 8 floor, elevator serviced building in downtown Lawrence. Floors 1-4 feature 60,243 square feet of gross living area and 76,212 square feet of gross area. The Property is comprised of thirty-nine (39) total units, featuring seven (7) Commercial units, while the residential units are comprised of four (4) 3+Bedroom/1.5-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, three (3) 2+ Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 1-Bedroom/1-Bathroom units, and two (2) Studio units. Tenants are responsible for separately metered utilities. The Landlord is responsible for providing city water & sewer. *Total Monthly Rent is $75,105, exceeding the max allowed by MLS.*
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Surveillance Devices
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 0
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-10-21 06:28:40
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
            [0] => None
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 5
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73591823
    [neighborhoods] => 
    [net_income_calc] => 30966
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 39
    [office] => Array
        (
            [id] => AN2723
            [name] => Horvath & Tremblay
            [phone] => 781-776-4000
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 6600000
    [price_per_sqft] => 109.56
    [price_per_unit] => 169230.76923077
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 5+ Family - 5+ Units Up/down
        )

[real_estate_tax] => 60594
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Heat
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 99
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active
        )

[street_number] => 11-21
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 1
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2026
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 60594
    [total_gross_income] => 91560
    [total_parking] => 0
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 2
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full, 1 Half
    [unit_2_bedrooms] => 3
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 1 Full
    [unit_4_bedrooms] => 2
    [unit_4_floor] => 2
    [unit_4_lease] => Array
        (
            [0] => Y
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 11-21 Lawrence Street, Lawrence MA 01840
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 0
    [waterfront_features] => Array
        (
        )

[year_built] => 1905
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01840
    [zips] => 
    [zoning] => B3
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/844422/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=10
            [10] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=11
            [11] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=12
            [12] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=13
            [13] => https://media.mlspin.com/photo.aspx?mls=73591823&w=1024&h=768&n=14
        )

[raw] => 
)

EXIT

12 More Photos

Active

11-21 Lawrence Street, Lawrence MA 01840

$6,600,000

Annual Expenses for 11-21 Lawrence Street, Lawrence MA 01840

Annual Income & Unit Breakdown for 11-21 Lawrence Street, Lawrence MA 01840

General Information for 11-21 Lawrence Street, Lawrence MA 01840

Disclosures for 11-21 Lawrence Street, Lawrence MA 01840

Financial Information for 11-21 Lawrence Street, Lawrence MA 01840

Location Information for 11-21 Lawrence Street, Lawrence MA 01840

Contact Information for 11-21 Lawrence Street, Lawrence MA 01840

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Spencer Norton