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Mixed-Use Apartment Building
For Lease
$2,000/Mo

215 Canal St. # 1, Lawrence, MA 01840

Apartments are on upper floors above a new Reading Co-Op Bank branch, with modern sound attenuation features and key fob access.

Space SizeContact for details
Property Size750 SF
Days on Market192

Property Features for 215 Canal St. # 1

General Information

Standard status Active
Size 750 SF
Property subtype Apartment

Building Details

Building Size 750 SF
Year Built 2024
Listing Agency: The Edge Group, Inc.
Listed By: Vladimir Saldana · License #MASSACHUSETTS-9575388
Source: Kevinfruh
Added: Feb 25 Changed: Sep 4 Last Checked: Sep 4 at 9:33AM

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. is a newer mixed-use building offering one-, two-, or three-bedroom apartments on the upper floors over commercial space. The residential design includes high sound attenuation for noise reduction and comes with stainless steel appliances, granite countertops, a breakfast bar with charging ports, key fob access, and a security system.

The building is centrally located with assigned parking and a city and canal view. It’s in the heart of Lawrence with easy access to restaurants and the arts and entertainment scene, within walking distance to the Commuter Rail (MBTA), and just minutes from Interstates 93 and 495.

The commercial portion is home to the new Reading Co-Op Bank branch, along with other future retail tenants.

Key Highlights

  • Year built 2024 mixed‑use building with apartments on upper floors above a new Reading Co‑Op Bank branch
  • 1-, 2-, or 3‑bedroom apartment options available
  • Apartments include stainless steel appliances and granite countertops

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?
Multifamily property - Apartments are on upper floors above a new Reading Co-Op Bank branch, with modern sound attenuation features and key fob access.
Where is this multifamily property located?
The property is located at 215 Canal St. # 1 Lawrence, MA.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Year built 2024 mixed‑use building with apartments on upper floors above a new Reading Co‑Op Bank branch; 1-, 2-, or 3‑bedroom apartment options available; Apartments include stainless steel appliances and granite countertops
More about this property
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