Carey Rooney - HK Realty Logo
$5,600,000
 $30,062 est/mo Sourced by Back At You

102-114 Water,Lawrence, MA 01841

Lawrence, MA 01841

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Description

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 rate.

Details

MLS #73562010
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1900
Days On Site10
Listing Provided ByNew England Realty Advisors LLC | Bradford Carlson

Features

Bed(s)27
Bath(s) 27 Total
SQ Feet27,583
BasementY
Story(s)3
Units27
ZoningI-2
Acreage0.44

Interior

Rooms Total99
Heating Yes / NoYes
HeatingBaseboard
Fireplaces Total0
Fireplace Yes / NoNo
FlooringWood, Vinyl

Exterior

RoofRubber
Construction MaterialsFrame
Foundation DetailsStone
Lot FeaturesCorner Lot

Parking

Garage Yes / NoNo
Parking FeaturesOff Street, On Street
Open Parking Yes / NoYes

Utilities

SewerPublic Sewer
Electric100 Amp Service

Taxes

Tax Annual Amount36323
Tax Assessed Value3788000
Tax Year2025

Location

Community FeaturesPublic Transportation
Senior Community Yes / NoNo

Area Information

StateMA
CountyEssex
CityLawrence
Zip Code01841
AreaEssex
Listing VS Median (in 01841)
Price:
$5,600,000
low | high
Med:
$442,400
100% of Average
sqft:
27,583
low | high
Med:
1,432
100% of Average
$ / sqft:
$203
low | high
Med:
$309
2.161994602293% of Average
On site:
10
low | high
Med:
82.5
12.121212121212% of Average
Sourced by Back At You

Market Activity 01841

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Additional Information

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Contact

Learn More About This Property

Carey Rooney

Carey Rooney

HK Realty

Relocation Specialist, RESA Certified Staging Advocate (603) 475-4087carey.rooney@h-krealty.com
StateMA
CountyEssex
CityLawrence
Zip Code01841
AreaEssex
Listing VS Median (in 01841)
Price:
$5,600,000
low | high
Med:
$442,400
100% of Average
sqft:
27,583
low | high
Med:
1,432
100% of Average
$ / sqft:
$203
low | high
Med:
$309
2.161994602293% of Average
On site:
10
low | high
Med:
82.5
12.121212121212% of Average
Sourced by Back At You
Listing Updated: August 15, 2026 at 2:14:08 AM PDT

Carey Rooney - HK Realty