$5,600,000
102-114 Water
Lawrence, MA, 01841
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
Price:
$5,600,000
MLS #:
73562010
Status:
Active
Beds:
27
Baths:
27
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Aug 11, 2026
Finished Sq Ft:
27,583
Total Sq Ft:
27,583
Lot Size:
19,166 sqft / 0.44 acres (approx)
Year Built:
1900
Units:
27
Schools
Interior
Above Grade Finished Area
27583
Bathrooms
27 Full Bathrooms
Flooring
Wood, Vinyl
Heating
Baseboard
Levels
3
Exterior
Community Features
Public Transportation
Construction Materials
Frame
Lot Features
Corner Lot
Open Parking Spaces
13
Open Parking YN
1
Parking Features
Off Street, On Street
Parking Spots
13
Parking Total
13
Patio And Porch Features
Porch
Roof
Rubber
Stories
3
Financial
Tax Year
2025
Taxes
$36,323
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Lawrence as of Sep 21, 2026
38
Multi Family Listed
115
Avg DOM
278
Avg $ / SqFt
$1,007,850
Avg List Price
Community
- Address102-114 Water Lawrence MA
- CityLawrence
- CountyEssex
- Zip Code01841
Subdivisions in Lawrence
Similar Listings Nearby
Property Summary
- 102-114 Water Lawrence MA is a Multi Family for sale in Lawrence, MA, 01841. It is listed for $5,600,000 To schedule a showing of MLS#73562010 at 102-114 Water in Lawrence, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Marcus & Millichap Real Estate Investment Services. 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.
102-114 Water
Lawrence, MA