Mixed-Use Multifamily
152-158 South Union Street Lawrence, MA 01843
152-158 South Union Street, Lawrence, MA, 01843
$1,399,000
For Sale
$1,399,000
Mixed-use multifamily property with approximately 6,150 sq. ft. of living area and multiple income-producing spaces.
Property Size6,150 SF
Price / SF$227.48
Days on Market27
Property Features for 152-158 South Union Street
General Information
- Standard status
- Active
- Size
- 6,150 SF
- Property subtype
- Multi-family / 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty LLC
(888) 854-7493
Listed by
Daptfanim Martinez · License #9589080
(888) 854-7493
Source
Compass
Added: Jun 26 Updated: Jul 21 at 5:57AM Checked: Jul 21 at 5:57AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use multifamily building at 152–158 South Union Street is offered for sale and includes approximately 6,150 sq. ft. of living area with multiple income-producing spaces. The layout is designed to support flexible use within the existing configuration, making it well suited for buyers evaluating residential income options.
The property is described as highly visible and located in a South Lawrence area, with convenient access to local businesses, public transportation, shopping, restaurants, schools, parks, and major routes.
As presented, this is a residential income property with both multifamily and mixed-use characteristics, offering investors the ability to consider it as part of a broader portfolio strategy.
The property is described as highly visible and located in a South Lawrence area, with convenient access to local businesses, public transportation, shopping, restaurants, schools, parks, and major routes.
As presented, this is a residential income property with both multifamily and mixed-use characteristics, offering investors the ability to consider it as part of a broader portfolio strategy.
Key Highlights
- Mixed‑use multifamily property with approximately 6,150 sq. ft. of living area and multiple income‑producing spaces
- 6 total bathrooms (6 full baths)
- Appliances included: range and refrigerator
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.1k | $28.80 |
| − Vacancy | −$7.1k | −$1.15 |
| EGI | $170.0k | $27.65 |
| − OpEx | −$76.5k | −$12.44 |
| NOI | $93.5k | $15.21 |
6,150 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,519 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.19M – $4.25M
NOI $254,854 @ 7.0% cap · market cap 18.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Mixed-use multifamily property with approximately 6,150 sq. ft. of living area and multiple income-producing spaces.
Where is this apartment building located?
The property is located at 152-158 South Union Street Lawrence, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Mixed‑use multifamily property with approximately 6,150 sq. ft. of living area and multiple income‑producing spaces; 6 total bathrooms (6 full baths); Appliances included: range and refrigerator
