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$1,725,000
Total Beds: 21 Total Baths: 6
Total Units: 6 SQFT: 7841
LOT size: 0.11 Acres
151-153 Bailey St
Lawrence, MA 01843
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Property Description

151-153 Bailey Street is located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is comprised of two (2) three-unit buildings offering six (6) residential rental units in a highly walkable area with proximate retail, services, and community assets. The Property is within walking distance of the Lawrence MBTA Commuter Rail station, facilitating direct connections to Boston and the surrounding metropolitan area. The site is near major thoroughfares with convenient access to I-495 and Routes 28 and 114, supporting efficient regional travel throughout the Merrimack Valley and into Greater Boston. Tenants are responsible for separately metered electricity, as well as gas powered heat & hot water. The Landlord provides city water and sewer to the property. The opportunity exists to acquire a well maintained asset in the desirable Merrimack Valley area.

Property Details

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 21
  • Total Full Baths: 6

Financial

  • APOD Available: Yes
  • Gross Operating Income: 182400
  • Gross Expenses: 36947
  • Net Operating Income: 145453

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73475924
  • Last Updated: 02/10/26

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Map

Seller's Representative: Spencer Norton, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2026-02-10 15:33:00