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$580,000
Total Beds: 4 Total Baths: 2
Total Units: 2 SQFT: 1856
LOT size: 0.14 Acres
3 Oakwood Ave
Lawrence, MA 01841
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Property Description

Welcome to this 2-family home in the desirable Prospect Hill neighborhood, offering a great opportunity for investors, owner-occupants, or multi-generational living. Featuring two up-and-down units with a total of 4 bedrooms and 2 full baths, the property offers hardwood floors, ceramic-tiled baths, and functional layouts. Both units include enclosed porches, and the second-floor unit features a separate breakfast area. Additional highlights include gas heat, common basement laundry, basement and attic storage, a private backyard with storage shed, 2-car detached garage, and ample off-street parking. Recent improvements include new vinyl siding completed in August 2026 and an electrical update approximately 2 years ago. The roof is approximately 10 years old. Sold with tenants in place through June 30, 2027, offering immediate rental income. Convenient to Routes 495 and 93, local amenities, and tax-free New Hampshire shopping. 24-hour notice required for showings.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Full, Interior Access, Sump Pump, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown, Storage, Tile Floor, Walk-Up Attic
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 42600
  • Gross Expenses: 900
  • GSE: 1200
  • Water/Sewer: 900
  • Net Operating Income: 42600

Utilities

  • Heat Zones: 2
  • Electric Info: 200 Amps, 220 Volts, At Street
  • Energy Features: Storm Doors, Storm Windows
  • Utility Connections: Washer Hookup, for Gas Oven
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73571800
  • Last Updated: 09/04/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Jennifer Mason, Coldwell Banker Realty - Andovers/Readings Regional
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

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 2026-09-04 03:30:00

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