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Three-Unit Multifamily Property
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145 Water St, Lawrence, MA 01841

Three-level residential building with separate utilities and tandem parking.

Property Size4,336 SF
Lot Size0.06 Acres
Days on Market140

Property Features for 145 Water St

General Information

Standard status Active
Size 4,336 SF
Total Parking Spaces 2
Lot size 0.06 Acres
Property subtype Multifamily

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x 3BR/1BA, 1 x 1+BR/1BA
Multifamily Units 3

Building Details

Buildings 1
Stories 3
Listing Agency: Horvath & Tremblay
Listed By: Spencer Norton · License #MA 9562958
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 6:07PM

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

Investment Insights

Based on property information with market context.

This three-level multifamily property contains three residential units totaling 2,631 square feet of living area within 4,336 gross square feet. The unit mix includes two 3-bedroom/1-bathroom residences and one 1+ bedroom/1-bathroom residence. The 0.06-acre parcel also provides two tandem parking spaces, with utilities separately metered or serviced for each unit.

Located at 145 Water St in Lawrence, the property is near MA Route 28, Downtown Lawrence, and the Merrimack River. Restaurants, bars, shopping, entertainment venues, and regional transportation are identified in the surrounding area, providing access to a range of local amenities and transit options.

Key Highlights

  • Three residential units: two 3‑bedroom/1‑bathroom units and one 1+ bedroom/1‑bathroom unit
  • 2,631 square feet of living area within 4,336 gross square feet
  • Three‑story building on a 0.06‑acre parcel

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Garden Center Acupuncture Real Estate Agency Skin Care Clinic Veterinary Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,823
Businesses Nearby

Demographics for 01841, MA

53,654
Population
17,546
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
3.0 sq mi
ZIP Area
17,885
Density / Sq Mi
$54,525
Median Household Income
$34,741
Median Earnings
$1,565
Median Rent
$393,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-level residential building with separate utilities and tandem parking.
Where is this triplex located?
The property is located at 145 Water St Lawrence, MA.
What are key features of this property?
This property features: Three residential units: two 3‑bedroom/1‑bathroom units and one 1+ bedroom/1‑bathroom unit; 2,631 square feet of living area within 4,336 gross square feet; Three‑story building on a 0.06‑acre parcel
(781) 776-4524 Call to check price and availability
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