Mixed-Use Building with Tavern
For Sale
$1,975,000
159 S Union Street, Lawrence, MA 01843
Nine-unit mixed-use building includes two street-level commercial spaces leased to Hayes Tavern.
Property Size11,280 SF
Lot Size0.16 Acres
Price / SF$131.67
Days on Market61
Property Features for 159 S Union Street
General Information
Standard status
Active
Size
11,280 SF
Total Parking Spaces
7
Lot size
0.16 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$13,921
Building Details
Building Size
11,280 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
(781) 776-4524
Listed By:
Spencer Norton · License #9562958
Source:
Classifiedrealtygroup
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 11 at 5:15AM
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.
159 S Union Street is a mixed-use property containing nine total units on 15,000 square feet of gross area. The residential component consists of seven 3-bedroom/1-bathroom units, and there are also two street-level commercial units with 11,280 square feet of gross living area. The commercial spaces are both occupied by Hayes Tavern, which recently signed a brand-new lease.
The property sits on a 0.16-acre parcel and includes seven off-street parking spaces. The building is separately metered for gas-powered heat and hot water, as well as individually metered electricity, which tenants pay directly. The landlord provides domestic water and sewer services and pays those utilities.
For tenants, buyers, and operators, this setup offers an on-site blend of residential income units and street-level commercial tenancy. The separately metered utility configuration for heat/hot water and electricity can simplify tenant billing, while the landlord-maintained domestic water and sewer provide centralized responsibility. With the tavern lease in place at the street level, the property supports a mixed-use operating model in a walkable South Lawrence location with convenient access to local amenities.
The property sits on a 0.16-acre parcel and includes seven off-street parking spaces. The building is separately metered for gas-powered heat and hot water, as well as individually metered electricity, which tenants pay directly. The landlord provides domestic water and sewer services and pays those utilities.
For tenants, buyers, and operators, this setup offers an on-site blend of residential income units and street-level commercial tenancy. The separately metered utility configuration for heat/hot water and electricity can simplify tenant billing, while the landlord-maintained domestic water and sewer provide centralized responsibility. With the tavern lease in place at the street level, the property supports a mixed-use operating model in a walkable South Lawrence location with convenient access to local amenities.
Key Highlights
- Nine‑unit mixed‑use property (7 residential units + 2 street‑level commercial units) at 159 S Union St
- Commercial spaces are leased to Hayes Tavern, who recently signed a brand‑new lease
- 11,280 SF gross living area within 15,000 SF gross area
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,815
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit mixed-use building includes two street-level commercial spaces leased to Hayes Tavern.
Where is this apartment building located?
The property is located at 159 S Union Street Lawrence, MA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Nine‑unit mixed‑use property (7 residential units + 2 street‑level commercial units) at 159 S Union St; Commercial spaces are leased to Hayes Tavern, who recently signed a brand‑new lease; 11,280 SF gross living area within 15,000 SF gross area
