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151-153 Bailey St 151-153 Bailey St 6 Unit Apartment Building $2,360,317 CAD ($393,386 CAD/Unit) 8.43% Cap Rate Lawrence, MA 01843



Investment Highlights
- Transportation & Connectivity
- Prime Merrimack Valley Location
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 151-153 Bailey Street in Lawrence, MA (the “Property”). The three-story building contains three (3) 4-Bedroom/1-Bathroom units and three (3) 3-Bedroom/1 Bathroom units with 7,841 square feet of gross living area in 11,912 square feet of gross area. The Property is situated upon a 0.11-acre parcel and offers on-street parking. 151-153 Bailey Street is strategically 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. Its location places it within walking distance of key regional transit nodes, including 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. Nearby commercial and recreational amenities, including multiple shopping plazas, parks such as Lawrence Heritage State Park, and a range of dining and service options, further enhance tenant appeal and livability in this dynamic, transit-oriented urban environment.
Property Facts
| Price | $2,360,317 CAD | Building Class | C |
| Price Per Unit | $393,386 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 11,912 SF |
| Cap Rate | 8.43% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1900 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $2,360,317 CAD |
| Price Per Unit | $393,386 CAD |
| Sale Type | Investment |
| Cap Rate | 8.43% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 11,912 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
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Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | LAWR-000081-000000-000019 | Improvements Assessment | $972,564 CAD |
| Land Assessment | $139,995 CAD | Total Assessment | $1,112,559 CAD |
Property Taxes
Parcel Number
LAWR-000081-000000-000019
Land Assessment
$139,995 CAD
Improvements Assessment
$972,564 CAD
Total Assessment
$1,112,559 CAD
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151-153 Bailey St | 151-153 Bailey St
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