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Mixed-Use Building with Commercial Tenants

161-167 S Union St, Lawrence, MA 01843

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For Sale

$2,050,000

Nine units, including two commercial spaces, in walkable location.

Type:Investment

Property size:

15,000 SF

Price / SF:

$136/SF

HighLights

Two street‑level commercial units occupied by Hayes Tavern with a new lease, provides immediate income.
Seven, 3‑Bedroom/1‑Bathroom residential units offer strong rental potential.
Excellent walkability (Walk Score of 87) to numerous retailers, services, and community amenities.
Convenient access to the Lawrence MBTA Commuter Rail station.
Easy access to major roadways such as I‑495 and Route 28.
Tenants pay for individually metered electric and gas, reducing landlord expenses.

We can help!

Listing Contact

Spencer Norton

Learn more

For Sale

$2,050,000

Nine units, including two commercial spaces, in walkable location.

Type:Investment

Property size:

15,000 SF

Price / SF:

$136/SF

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 6:10 pm

Property Features for 161-167 S Union St

General Information

Standard status: Active
Size: 15,000 SF
Property subtype: Investment

Building Details

Year Built: 1930

We can help!

Listing Contact

Spencer Norton

Listing agent Spencer Norton License #9562958

Listing office Horvath & Tremblay

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Two street‑level commercial units occupied by Hayes Tavern with a new lease, provides immediate income.
Seven, 3‑Bedroom/1‑Bathroom residential units offer strong rental potential.
Excellent walkability (Walk Score of 87) to numerous retailers, services, and community amenities.
Convenient access to the Lawrence MBTA Commuter Rail station.
Easy access to major roadways such as I‑495 and Route 28.
Tenants pay for individually metered electric and gas, reducing landlord expenses.

Overview

The property at 161-167 South Union Street features nine units, including seven 3-bedroom/1-bathroom residential units and two street-level commercial units. The building has 11,280 square feet of gross living area within a total gross area of 15,000 square feet. The commercial units are currently occupied by Hayes Tavern, which recently signed a new lease. Located in South Lawrence, the property offers urban visibility in an established neighborhood with convenient access to local amenities. The area is highly walkable, with numerous retailers, services, and community amenities nearby. The Lawrence MBTA Commuter Rail station is within walking distance, and major roadways such as I-495 and Route 28 are easily accessible. Tenants are responsible for individually metered electric, as well as gas-powered heat and hot water. The landlord provides city water and sewer. The location has a walk score of 87, indicating it is very walkable, a transit score of 54, indicating good transit options, and a bike score of 51, indicating it is bikeable.

Location Intelligence

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Local Demand

City: Lawrence
County: Essex
State: Massachusetts
Longitude: -71.1536592
Latitude: 42.6976319

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For sale
Apartment buildings
MA
Lawrence
01843
161-167 S Union St

What type of property is this?

Apartment building - Nine units, including two commercial spaces, in walkable location.

Where is this apartment building located?

The property is located at 161-167 S Union St Lawrence, MA.

What is the asking price?

The asking price for this property is $2,050,000.

What are key features of this property?

This property features: Two street‑level commercial units occupied by Hayes Tavern with a new lease, provides immediate income.; Seven, 3‑Bedroom/1‑Bathroom residential units offer strong rental potential.; Excellent walkability (Walk Score of 87) to numerous retailers, services, and community amenities.