1 / 18
INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 27 |
| Living area | 27,583 sqft |
| Lot size | 19,166 sqft |
| Year built | 1900 |
| Price / sqft | $203 |
| County | Essex |
| MLS # | 73562010 |
Listing status
| Days on market | 0 days |
| Listed on | August 11, 2026 |
Taxes & financials
| Annual property tax | $36,323 |
| Tax year | 2025 |
| Assessed value | $3,788,000 |
| Zoning | I-2 |
| Gross income (actual) | $632,002/yr |
| Net operating income (actual) | $449,137/yr |
| Total actual rent | $4,700/mo |
| Electric expense | $6,726/yr |
Building & lot
| Stories | 3 |
| Total rooms | 99 |
| Lot size | 0.44 acres |
| Garage spaces | 0 |
| Parking spaces | 13 |
| Parking | Off Street, On Street |
| Basement | Full |
| Foundation | Stone |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Wood, Vinyl |
Utilities & systems
| Heating | Baseboard |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lawrence →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 102-114 Water, Lawrence MA 01841 have?
It is a 27-unit multi-family property with 27,583 sqft of living area, built in 1900.
How long has 102-114 Water, Lawrence MA 01841 been on the market?
102-114 Water, Lawrence MA 01841 has been listed for 0 days (since August 11, 2026).
What is the price per unit?
At a list price of $5,600,000 across 27 units, that works out to roughly $207,407 per unit.
What are the property taxes on 102-114 Water, Lawrence MA 01841?
Annual property taxes are $36,323 (2025), on an assessed value of $3,788,000.
What is the price per square foot?
At $5,600,000 for 27,583 sqft, that's about $203 per square foot.
Is there parking?
13 total parking spaces (off street, on street).
Where is this property located?
102-114 Water, Lawrence MA 01841 is in Lawrence, Essex County, MA 01841.
Similar multi-families
◆ 99
◆ 99
