South Lawrence Multifamily Investment
For Sale
$1,100,000
486 Andover St, Lawrence, MA 01843
Multifamily property in South Lawrence ready for modernization and high-yield potential.
Property Size9,414 SF
Price / SF$116.85
Days on Market434
Property Features for 486 Andover St
General Information
Standard status
Active
Size
9,414 SF
Taxes and HOA fees
Annual Taxes
$10,057
Building Details
Year Built
1910
Listing Agency:
Empire Real Estate™
Listed By:
Coa Realty Group
Source:
Corcoran
Added: Jun 5, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 Empire Real Estate™
Investment Insights
Based on property information with market context.
Located in South Lawrence, 486 Andover Street offers an opportunity to create a modern, high-yield residential property. The structure spans 9,414 sq. ft. and is ready to be reimagined into an income-generating asset. The property's location in a vibrant, amenity-rich neighborhood provides accessibility via major routes.
Key Highlights
- Expansive 9,414 sq. ft. property ready for redevelopment.
- Prime location in the dynamic heart of South Lawrence.
- Opportunity to create a high‑yield, income‑generating asset.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
938
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?
Residential income property - Multifamily property in South Lawrence ready for modernization and high-yield potential.
Where is this residential income property located?
The property is located at 486 Andover St Lawrence, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Expansive 9,414 sq. ft. property ready for redevelopment.; Prime location in the dynamic heart of South Lawrence.; Opportunity to create a high‑yield, income‑generating asset.
