Mixed-Use Building with Bank
New
For Sale
$6,600,000
11-21 Lawrence Street, Lawrence, MA 01840
Thirty-nine units span residential apartments and ground-floor commercial space.
Property Size60,243 SF
Price / SF$86.60
Days on Market5
Property Features for 11-21 Lawrence Street
General Information
Standard status
Active
Size
60,243 SF
Elevators
Yes
Property subtype
5+ Family - 5+ Units Up/Down
Site & Location
Anchor Co-Tenants
Chase Bank
Utilities to Site
Yes
Units
Unit Mix
4 x 3+Bedroom/1.5-Bathroom, 1 x 3-Bedroom/1-Bathroom, 3 x 2+ Bedroom/1-Bathroom, 19 x 2-Bedroom/1-Bathroom, 3 x 1-Bedroom/1-Bathroom, 2 x Studio
Multifamily Units
32
Additional Details
Gross Income
$901,260
Taxes and HOA fees
Annual Taxes
$60,594
Building Details
Building Size
60,243 SF
Year Built
1905
Buildings
1
Stories
8
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Spencer Norton · License #9562958
(781) 776-4524
Source:
Donnellyandco
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
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Investment Insights
Based on property information with market context.
The property encompasses the first four floors of an elevator-serviced, eight-story building constructed in 1905. Its 39 units comprise 32 apartments above seven street-level commercial spaces. Residential layouts include studios and one-, two-, and three-bedroom apartments, with several configurations offering additional bedrooms or differing bathroom counts. The four floors contain 60,243 square feet of gross living area and 76,212 square feet of gross area. Utilities are separately metered; the landlord supplies city water and sewer.
Chase Bank anchors the commercial component and entered a 10-year lease in 2022, with four 5-year renewal options. The building occupies a full city block in downtown Lawrence at 11-21 Lawrence Street.
Chase Bank anchors the commercial component and entered a 10-year lease in 2022, with four 5-year renewal options. The building occupies a full city block in downtown Lawrence at 11-21 Lawrence Street.
Key Highlights
- 39 units: 32 residential apartments and 7 commercial spaces
- 60,243 square feet of gross living area across floors 1–4
- 76,212 square feet of gross area across floors 1–4
Property Analytics
Current Use
Lease Details
32
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
Explore this area
Business Placement
Demographics for 01840, MA
7,121
Population
3,415
Households
2.1
Avg Household Size
36
Median Age
13%
College-Educated
69%
High-School Grad
0.5 sq mi
ZIP Area
14,242
Density / Sq Mi
$34,630
Median Household Income
$31,930
Median Earnings
$1,174
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Thirty-nine units span residential apartments and ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 11-21 Lawrence Street Lawrence, MA.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: 39 units: 32 residential apartments and 7 commercial spaces; 60,243 square feet of gross living area across floors 1–4; 76,212 square feet of gross area across floors 1–4
