151-153 Bailey St - Apartments FOR SALE


Lawrence, MA 01843- South Lawrence
$1,725,000 USD
781-776-4002
151-153 Bailey St, Lawrence, MA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/10
null | 8.43% Cap Rate

151-153 Bailey St
Lawrence, MA 01843
South Lawrence


HIGHLIGHTS

  • Transportation & Connectivity
  • Area Amenities & Demand Drivers
  • Prime Merrimack Valley Location
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 151-153 Bailey Street in Lawrence, MA (the “Property”). The three-story building contains three (3) 4-Bedroom/1-Bathroom units and three (3) 3-Bedroom/1 Bathroom units with 7,841 square feet of gross living area in 11,912 square feet of gross area. The Property is situated upon a 0.11-acre parcel and offers on-street parking. 151-153 Bailey Street is strategically located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is comprised of two (2) three-unit buildings offering six (6) residential rental units in a highly walkable area with proximate retail, services, and community assets. Its location places it within walking distance of key regional transit nodes, including the Lawrence MBTA Commuter Rail station, facilitating direct connections to Boston and the surrounding metropolitan area. The site is near major thoroughfares with convenient access to I-495 and Routes 28 and 114, supporting efficient regional travel throughout the Merrimack Valley and into Greater Boston. Nearby commercial and recreational amenities, including multiple shopping plazas, parks such as Lawrence Heritage State Park, and a range of dining and service options, further enhance tenant appeal and livability in this dynamic, transit-oriented urban environment.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

6

PRICE/UNIT

$287,500

CAP RATE

8.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

151-153 Bailey St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

Commercial

APN/PARCEL ID

LAWR-000081-000000-000019

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.