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    356-360 S Union St Lawrence, MA 01843

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    For Sale
    $700,000

    Two buildings, five units, convenient location, below market rents.

    Lot size:
    0.14 Acres

    Property Features for 356-360 S Union St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1920

    Source: Lamacchia Realty, Inc. Agent Mark Beliveau

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Lawrence Multifamily Investment Opportunity

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1531276
    Latitude
    42.6935678

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    FAQs

    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).
    (978) 387-3464
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    356-360 S Union St Lawrence, MA 01843
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    Lawrence, MA 01843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    356-360 S Union St Lawrence, MA 01843
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