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Bean Group
Offered at $899,000Active
beds
9
baths
3
sq ft
3,655
Built
1900

42 Summer Street

Lawrence, MA 01840

About this home

Excellent opportunity to own a fully updated three-family property offering modern finishes, spacious layouts, and strong investment potential. Each unit has been thoughtfully renovated with updated kitchens and bathrooms, fresh paint, modern flooring, and updated fixtures throughout. The property offers three separate living spaces, making it ideal for an investor looking to add a turnkey property to their portfolio or an owner-occupant looking to offset their mortgage with rental income. With the major updates already completed, this property is ready for its next owner. Conveniently located near shopping, restaurants, public transportation, and major commuter routes. A great opportunity to own a move-in-ready multifamily property with excellent income potential!

Listing last checked: Listing updated:

Listed by Justin Melo · LAER Realty Partners · MLS #73585624

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Details at a glance

Interior3 property facts
Rooms
15
Flooring
Vinyl, Carpet
Basement
Yes · Full
Building5 property facts
Style
3 Family - 3 Units Up/Down
Year built
1900
Parking
1
Foundation
Block
Roof
Shingle, Rubber
Land & utilities5 property facts
Lot size
0.05 acres
Water
Public
Sewer
Public Sewer
Pool
Not reported
Zoning
R-3
Financial2 property facts
Annual taxes
$820,600
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $899,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$72,929 / monthAdjust
Principal & interest
$4,546
Property tax
$68,383
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $820,600. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $942,864

Estimated range $889,881–$995,848.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: average

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About 42 Summer Street

Can I request a private showing?

Request a tour of 42 Summer Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.