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Property profile & analytics
OFF-MARKET Estimated value $230,000
Investment properties

857 Essex St Lawrence, MA 01841-4618

1,522 SF 0.02 ac lot Built 1940
Entity Owned
Property ID
US38-0066337
Property summary
AI-generated overview

This exceptional 0-acre lot, located at 857 Essex Street in Lawrence, Massachusetts, presents a unique investment opportunity. Priced competitively at $359,900, this property offers significant potential for redevelopment or expansion. The property's "Other" designation suggests versatility in its potential use, allowing for a wide range of development possibilities depending on local zoning regulations and permits. Given its location in Lawrence, MA, the property benefits from access to the city's infrastructure and amenities. Further investigation into the specific zoning regulations and permitted uses for the lot is highly recommended for prospective buyers. Due diligence should include a thorough review of all applicable building codes, environmental assessments, and any potential restrictions on the property. The absence of square footage information underscores the need for on-site inspection to determine the exact dimensions and potential buildable area. Prospective buyers are encouraged to conduct their own independent research and due diligence to fully assess the property's suitability for their intended purpose. This property is being sold "as is," and the buyer assumes all responsibility for conducting necessary inspections and obtaining all required permits and approvals. The lack of existing structures presents a blank canvas for creative development, making this an attractive proposition for those seeking a project with significant upside potential. Serious inquiries only.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,522 SF
Lot 0.02 ac (765 SF)
APN LAWR M:0186 B:0000 L:0062
UPID US38-0066337
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
Jarabacoa Properties LLC
Jarabacoa Properties LLC
since 2026
Last sale
$270,000
4 recorded transactions
2026
$340,000
2022
$270,000
2004
Price N/A
1990
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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