Lawrence, MA 01841,185-193 Chestnut St
Lawrence, MA 01841,185-193 Chestnut St
Lawrence, MA 01841,185-193 Chestnut St
17
$1,549,900
$1,549,900
Est.Price: ?

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19 BD
7 BA
3,843 SqFt

185-193 Chestnut St Lawrence, MA 01841

Est. payment /mo
SOLD DATE : 05/23/2025

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Key Details

Sold Price $1,549,900

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,843 sqft

Price per Sqft $403

MLS Listing ID 73343750

Sold Date 05/23/25

Bedrooms 19

Full Baths 7

Year Built 1910

Annual Tax Amount $7,877

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type 5-9 Family

Property Description

Unlock the potential of this fully rented, cash-flowing six-unit multi-family property in Lawrence, MA. Featuring a three-family, a two-family, and a single-family home, this unique asset provides multiple income streams and a proven history of low vacancy. With separate utilities, private parking for 12 vehicles, and a garage with ADU potential, this property is designed for maximized returns. The pro-forma NOI of $165,503 and a projected cap rate of 10.3 to 11 percent offer immediate cash flow and long-term appreciation. Whether you're expanding your portfolio or securing a high-yield asset, this is the investment you've been waiting for. Opportunities like this don't last—schedule your private showing today.

Location

State MA

County Essex

Zoning R3

Direction Haverhill St to Chesnut St

Exterior

Garage Spaces 1.0

Fence Fenced/Enclosed

Community Features Shopping, Medical Facility, Laundromat, Highway Access

Total Parking Spaces 12

Garage Yes

Building

Story 9

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by View Real Estate Group
Bought with Angelica De Lima • Invest Realty Group

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agent

Dan Dancause

Agent | License ID: MA-9564763 NH-079847

+1(781) 850-5308

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