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102-114 Water, Lawrence, MA 01841

Lawrence
Local realty services provided by:CENTURY 21 McLennan & Company
102-114 Water,Lawrence, MA 01841
$5,600,000
  • 27 Beds
  • 27 Baths
  • 27,583 sq. ft.
  • Multi-family
  • Active
Listed by: bradford carlson, bradford carlson
Office: new england realty advisors llc
MLS#:73562010
Source:MLSPIN

Price summary

  • Price:$5,600,000
  • Price per sq. ft.:$203.02

About this home

We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap...

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Home facts

  • Year built:1900
  • Listing ID #:73562010
  • Updated:September 30, 2026 at 11:46 AM

Rooms and interior

  • Bedrooms:27
  • Total bathrooms:27
  • Full bathrooms:27
  • Rooms Total:99
  • Flooring:Vinyl, Wood
  • Basement Description:Full
  • Living area:27,583 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:27,583 sq. ft.
  • Lot area:0.44 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Frame
  • Exterior Features:Porch
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,600,000
  • Price per sq. ft.:$203.02
  • Tax amount:$36,323 (2025)

Parking

  • Total parking spaces:13
  • Parking description:Off Street, On Street
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. MLSPIN Member Broker: Janet McLennan

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