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Essex Tribune Building 281-285 Essex St 16 Unit Apartment Building $5,236,931 CAD ($327,308 CAD/Unit) Lawrence, MA 01840
Investment Highlights
- Strategic Location
- Brick Construction
- Modern Units
Executive Summary
281-285 Essex Street presents a rare opportunity to acquire a centrally located mixed-use asset in the heart of Downtown Lawrence. The property consists of sixteen total units, including two commercial storefronts, nine 2-bedroom apartments, one 3-bedroom apartments and four 1-bedroom apartments, encompassing approximately 18,000 square feet on a .11-acre parcel. The building offers a highly attractive blend of residential stability and street-level commercial visibility in one of the city's most attractive corridors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,236,931 CAD | Lot Size | 0.12 AC |
| Price Per Unit | $327,308 CAD | Building Size | 18,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1900/1987 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | C | ||
| Price | $5,236,931 CAD |
| Price Per Unit | $327,308 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/1987 |
| Opportunity Zone |
Yes |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 2+1 | 9 | - | - |
| 1+1 | 6 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | LAWR-000126-000000-000026 | Total Assessment | $3,572,872 CAD |
| Land Assessment | $252,247 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,320,626 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
LAWR-000126-000000-000026
Land Assessment
$252,247 CAD
Improvements Assessment
$3,320,626 CAD
Total Assessment
$3,572,872 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Essex Tribune Building | 281-285 Essex St
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