Active
102-114 Water
Lawrence, MA 01841
Residential Income · Active · MLS #73562010
Listing Courtesy of New England Realty Advisors LLC | Bradford Carlson
MLS PIN data
About this home
We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.
Property information
Details at a glance
Interior
- Rooms
- 99
- Heating
- Baseboard
- Flooring
- Wood, Vinyl
Building
- Style
- 5-9 Family
- Year built
- 1900
- Parking
- 13
- Foundation
- Stone
- Roof
- Rubber
Land & utilities
- Lot size
- 0.44 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- I-2
Financial
- Annual taxes
- $36,323
- Assessment year
- 2025
Listing history
Price and status timeline
No additional public listing history was supplied for this property.
Property value estimate
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Comparable sales
Recent properties for context
Recent comparable sales are not available for this property.
Photo insights
Condition signals
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Local market context
How this home compares in Lawrence
Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.
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Common questions
About 102-114 Water
Can I schedule a private showing?
Yes. Request a tour of 102-114 Water and a Bean Group agent will help coordinate an available time with the listing side.
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