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Modern Mixed-Use Apartment Over Bank
For Lease
$2,400/Mo

215 Canal St. # 4, Lawrence, MA 01840

Third-? (not given) — Modern apartments on upper floors above a bank branch, featuring key fob access and stainless appliances.

Space SizeContact for details
Property Size1,000 SF
Days on Market168

Property Features for 215 Canal St. # 4

General Information

Standard status Active
Size 1,000 SF
Property subtype Apartment

Building Details

Building Size 1,000 SF
Year Built 2024
Listing Agency: The Edge Group, Inc.
Listed By: Vladimir Saldana · License #MASSACHUSETTS-9575388
Source: Kevinfruh
Added: Feb 25 Changed: Aug 8 Last Checked: Aug 11 at 1:14PM

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 The Edge Group, Inc.

Investment Insights

Based on property information with market context.

215 Canal St. #4 is a newer mixed-use building in Lawrence with apartments located on the upper floors of a commercial space. The ground-level tenant includes the new Reading Co-Op Bank branch, with other future retail tenants also planned.

The residence is designed with sound attenuation for noise reduction and includes stainless steel appliances, granite countertops, and a breakfast bar with charging ports. Building access is supported by key fob entry and a security system.

The property is centrally located with assigned parking. It offers convenient access to restaurants and the arts and entertainment scene, and is within walking distance to the Commuter Rail (MBTA) and minutes from Interstates 93 and 495.

Key Highlights

  • Built in 2024: newer mixed‑use building with apartments on upper floors above a commercial space
  • One-, two-, or three‑bedroom apartments with stainless steel appliances and granite countertops
  • Apartment features include a breakfast bar with charging ports, key fob access, and a security system

Property Analytics

Current Use

Reading Cooperative Bank Bank

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Garden Center Storage Facility HVAC Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,700
Businesses Nearby

Demographics for 01840, MA

7,121
Population
3,415
Households
2.1
Avg Household Size
36
Median Age
13%
College-Educated
69%
High-School Grad
0.5 sq mi
ZIP Area
14,242
Density / Sq Mi
$34,630
Median Household Income
$31,930
Median Earnings
$1,174
Median Rent

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?
Apartment building - Third-? (not given) — Modern apartments on upper floors above a bank branch, featuring key fob access and stainless appliances.
Where is this apartment building located?
The property is located at 215 Canal St. # 4 Lawrence, MA.
What is the lease rate?
The lease rate is $2,400/Mo.
What are key features of this property?
This property features: Built in 2024: newer mixed‑use building with apartments on upper floors above a commercial space; One-, two-, or three‑bedroom apartments with stainless steel appliances and granite countertops; Apartment features include a breakfast bar with charging ports, key fob access, and a security system
More about this property
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