South Lawrence Multifamily Investment
For Sale
$700,000
Pending
356-360 S Union St, Lawrence, MA 01843
Two buildings, five units, convenient location, below market rents.
Property Size5,371 SF
Lot Size0.14 Acres
Days on Market267
Property Features for 356-360 S Union St
General Information
Standard status
Pending
Size
5,371 SF
Lot size
0.14 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,193
Building Details
Building Size
5,371 SF
Year Built
1920
Stories
4
Units
5
Listing Agency:
(978) 387-3464
Listed By:
Mark Beliveau
(978) 387-3464
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 17
Last Checked: Aug 20 at 10:50AM
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 Mark Beliveau
Investment Insights
Based on property information with market context.
This investment opportunity features two buildings on a single lot, offering over 5000 square feet of living space. The property comprises five units: three units with three bedrooms, one unit with two bedrooms, and one unit with one bedroom. Off-street parking is available for five cars. Recent upgrades include new furnaces, hot water tanks, and stoves installed within the last two years. All units are tenant-occupied with tenants at will, and rents are currently below market value. Each unit has separate utilities. Located in South Lawrence, the property is conveniently situated near schools, shopping, and public transportation, with close proximity to I-495 and I-93.
Key Highlights
- 5‑unit multi‑family property offering a significant investment opportunity.
- Over 5000 sq ft of living space across two buildings on one lot.
- Recent upgrades include new furnaces, hot water tanks, and stoves (within the last 2 years).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 01843, MA
28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings, five units, convenient location, below market rents.
Where is this apartment building located?
The property is located at 356-360 S Union St Lawrence, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5‑unit multi‑family property offering a significant investment opportunity.; Over 5000 sq ft of living space across two buildings on one lot.; Recent upgrades include **new furnaces, hot water tanks, and stoves** (within the last 2 years).
