102-114 Water Lawrence, MA ^$ 5,600,000

102-114 Water

^$ 5,600,000

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102-114 Water

Lawrence, MA, 01841

^$ 5,600,000

Bedrooms27 Baths27.0 Sq 27,583

Monthly Estimate*

^$ 35,359

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Multi-Family Home for sale in Lawrence, MA

for $5,600,000 with 27 bedrooms and 27 full baths. This 27,583 square foot home was built in 1900 on a lot size of 0.44.

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.

Multi-Family Active

Price

^$ 5,600,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 36,323

Style

5-9 Family

Lot Size

0.44

Year Built

1900

Town/City

Lawrence

County/Region

Essex

MLS | Web ID

73562010

List By

Bradford Carlson

Listing Agent

New England Realty Advisors Llc

Broker

Affordability Calculator

$38,386

Per Month

Monthly Principal & Interest: $35,359
Monthly Property Taxes: $3,027
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Multi-family listings in Lawrence, MA

Average List Price ^$1,476,206

Percent of Sale Price 74%

About Lawrence, MA

81,636 Population

13% Since 2002

^$37,342 Median Income

34 Median Age

35% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
8/11/2026	$5,600,000		Listed Price

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102-114 Water, Lawrence, MA, 01841 is a Multi-Family Home for sale at $5,600,000 with 27,583 sqft and a lot size of 0.44. 102-114 Water has 27 bedrooms, 27.0 baths, and was built in 1900. The property's zip code is 01841 which is in Lawrence, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 8/13/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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102-114 Water

Multi-Family Home for sale in Lawrence, MA

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