Financial
Distress signals
Property profile

215 Canal St 1 Lawrence, MA 01840

FOR LEASE
Other investment properties
Property ID
US38-1621144
46,434 SF 0.33 ac lot Built 2023
Last sale Sep 2019 · $555,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
215 Canal St,Unit 1, Lawrence, MA 01840 For Lease
$2,000/Mo 750 SF available
215 Canal St,Unit 1, Lawrence, MA 01840
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Property summary

AI-generated overview

215 Canal St. #2 is a residential unit located in a newer mixed-use building in Lawrence, Massachusetts, where apartments are situated on upper floors above commercial space. The building’s apartment features include stainless steel appliances, granite countertops, a breakfast bar with charging ports, key fob access, and a security system, with sound attenuation designed to reduce noise transfer. Unit layouts are available in one-, two-, and three-bedroom configurations, and the building…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$4.30M
Assessed land$165k
Assessed improvement$4.14M
Effective rate0.09%

Value estimate

· Sep 2026
$2.22M
$1.99M – $2.44M
Submarket $/SF estimate$2.17M
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$864
Operating expenses−$9k
NOI · 570.25% cap applied$11k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$96/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$34 – $136
Qualifying comparables3

Cap rate analysis

How does the asset earn?
570.25%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAWRENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency54.8
Building Supply44.0
Wholesale Shop30.3

Location

215 Canal St, Unit 1 Lawrence, MA 01840
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9 Appleton, Lawrence, MA 01840-1501 $4,585,000 May 2023 22,500 SF
281-285 Essex, Lawrence, MA 01840 $2,800,000 Nov 2022 18,000 SF
11 Lawrence, Lawrence, MA 01840-1431 $5,700,000 Jul 2022 60,243 SF
8-12 Pemberton, Lawrence, MA 01840 $2,600,000 Jun 2021 13,680 SF
276-280 Essex, Lawrence, MA 01840 $400,000 Feb 2021 22,744 SF
170 Cmn St, Lawrence, MA 01840-1558 $1,425,000 Jun 2020 29,216 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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