Back to Search

Tower Hill Multifamily Investment

923-925 Essex St, Lawrence, MA 01841

View on Map

Pending

$849,900

MULTI_FAMILY - Lawrence, MA

Property size:

3,936 SF

Lot size:

0.21 Acres

HighLights

Four‑unit multi‑family property built in 1910 in the Tower Hill area
Unit mix includes one 1‑bedroom unit and three 2‑bedroom units
Gas heating: first‑floor units have high‑efficiency hot water systems; second‑floor units have gas steam boilers
Includes a one‑car garage plus off‑street parking via the driveway
Attic has potential to expand living space; one side is already partially finished
Sold as‑is and can be delivered vacant

We can help!

Listing Contact

Susan Rochwarg

Pending

$849,900

MULTI_FAMILY - Lawrence, MA

Property size:

3,936 SF

Lot size:

0.21 Acres

Added:: Apr 22, 2026
Days on Market:: 51
Last Refresh:: Jun 11 at 1:06 pm

Property Features for 923-925 Essex St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2
Bedrooms: 7
Bathrooms: 4
Rooms: Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 1
Parking: 4
Standard status: Pending
APN: M:0207 B:0000 L:0048,4211336
Size: 3,936 SF
Lot size: 0.21 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 6572

Building Details

Year built: 1910
Floors in Building: 4
Number of units: 4

We can help!

Listing Contact

Susan Rochwarg

Listing agent Susan Rochwarg

Listing office Keller Williams Realty 138 River Road, Suite 107, Andover, MA

Listing date Apr 22, 2026

MLS# 73505802 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Four‑unit multi‑family property built in 1910 in the Tower Hill area
Unit mix includes one 1‑bedroom unit and three 2‑bedroom units
Gas heating: first‑floor units have high‑efficiency hot water systems; second‑floor units have gas steam boilers
Includes a one‑car garage plus off‑street parking via the driveway
Attic has potential to expand living space; one side is already partially finished
Sold as‑is and can be delivered vacant

Overview

Located in the Tower Hill area, this multi-family property offers an investment opportunity. The property features four units: one 1-bedroom unit and three 2-bedroom units. Each unit has gas heating systems. The first-floor units have high-efficiency hot water systems, while the second-floor units are serviced by gas steam boilers. The property includes a one-car garage and off-street parking via the driveway. The garage could be removed to allow access to the rear of the property for expanded parking options. The property has value-add potential, with the possibility of expanding living space in the attic, where one side is partially finished. The property, with a lot size of 0.2065 acres and a property size of 3936 square feet, is zoned R2. It can be delivered vacant, offering investors the opportunity to maximize rents. The property is being sold as-is.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$99.2k	$25.20
− Vacancy	−$4.5k	−$1.13
EGI	$94.7k	$24.07
− OpEx	−$28.4k	−$7.22
NOI	$66.3k	$16.85

3,936 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$947.2K

$828.8K – $1.11M (±1% cap)

NOI $66,307 @ 7.0% cap · market cap 7.80%

Second Best

Apartment 5plus

$855.0K

$748.2K – $997.5K (±1% cap)

NOI $59,852 @ 7.0% cap · market cap 7.04%

Theoretical Best

Office A

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $163,107 @ 7.0% cap · market cap 19.19%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lawrence
County: Essex
State: Massachusetts
Longitude: -71.178445
Latitude: 42.701629

Nearby Similar for Sale

$760,000

2,074 SF

Updated Duplex in Lawrence, MA

Updated two-family duplex near shopping, dining, and transportation.

110-112 Everett St, Lawrence, MA 01843

View Details
$749,000

2,725 SF

Turnkey Medical Office Suite

Top-floor suite with exam rooms, multiple offices, and ample parking for staff and patients near Lawrence General Hospital.

25 Marston St # 402, Lawrence, MA, MA 01841

View Details
$749,000

2,725 SF

Top-Floor Medical Suite with River Views

Turnkey medical suite near Lawrence General Hospital and I-495.

25 Marston St #402, Lawrence, MA 01841

View Details
$710,000

Turnkey Bakery with Commercial Kitchen

Fully equipped commercial kitchen supports ongoing bakery operations with customer-facing retail space.

139 Water St, Lawrence, MA, MA 01841

View Details
$1,199,000

Turnkey Medical Office Suites

Three updated, built-out suites are offered together with current tenants in place and 24-hour secured access.

25 Marston # 305/401/405, Lawrence, MA, MA 01841

View Details
$710,000

Commercial Property in High-Traffic Area

Fully equipped commercial space in a prime Lawrence location.

139 Water St, Lawrence, MA 01841

View Details
$710,000

Equipped Commercial Space in Lawrence

Fully operational commercial space in a prime Lawrence location.

139 Water St, Lawrence, MA 01841

View Details
$5,950,000

27,583 SF

Lawrence Multifamily Investment Opportunity

27-unit multifamily property in Lawrence, MA, renovated in 2024.

102-114 Water Street, Lawrence, MA 01841

View Details
$165,000

Restaurant and Grocery Store Opportunity

Fully operational Spanish restaurant and grocery store for sale.

205 South Union Street, Lawrence, MA 01843

View Details
$1,199,000

Turnkey Medical Office Investment Package

Three leased, updated office suites near Lawrence General Hospital.

25 Marston #305/401/405, Lawrence, MA 01841

View Details
$120,000

Profitable Restaurant & Taqueria Opportunity

Turnkey restaurant business with high traffic and loyal customer base.

277 Merrimack Street, Lawrence, MA 01843

View Details
$360,000

1,201 SF

Lawrence Commercial Property For Sale

Versatile commercial property in Lawrence, ideal for retail or office.

34 Brookfield St, Lawrence, MA 01843

View Details

For sale
Quadplexes
MA
Lawrence
01841
923-925 Essex St

What type of property is this?

Quadplex - Four units with value-add potential in Lawrence's Tower Hill.

Where is this quadplex located?

The property is located at 923-925 Essex St Lawrence, MA.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: Four‑unit multi‑family property built in 1910 in the Tower Hill area; Unit mix includes one 1‑bedroom unit and three 2‑bedroom units; Gas heating: first‑floor units have high‑efficiency hot water systems; second‑floor units have gas steam boilers

923-925 Essex St, Lawrence, MA 01841

MULTI_FAMILY - Lawrence, MA

Property Features for 923-925 Essex St

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Updated Duplex in Lawrence, MA

Turnkey Medical Office Suite

Top-Floor Medical Suite with River Views

Turnkey Bakery with Commercial Kitchen

Turnkey Medical Office Suites

Commercial Property in High-Traffic Area

Equipped Commercial Space in Lawrence

Lawrence Multifamily Investment Opportunity

Restaurant and Grocery Store Opportunity

Turnkey Medical Office Investment Package

Profitable Restaurant & Taqueria Opportunity

Lawrence Commercial Property For Sale

FAQs

Create New Password