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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.

More Info

Basic Information

  • Gross Income $632,002
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number 4208327

Tax Information

  • Tax Assessed Value $3,788,000
  • Tax Year 2025
  • Taxes$36,323

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, On Street
  • Parking Spaces13

Rooms

  • Bathroom27
  • Bathrooms Total Decimal 27
  • Bedrooms27
  • Full Bath27

Basic Information

  • List Price$5,600,000
  • MLS Number73562010
  • Modification Date08/11/2026
  • Property SubType5-9 Family

Location

  • Address102-114 Water
  • Building Number102-114
  • CountyEssex
  • StateMA
  • StreetWater
  • TownLawrence
  • Zip01841

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms99
  • Stories3
  • Units27
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.44

Interior

  • Flooring Wood, Vinyl

Exterior

  • RoofRubber

Utilities

  • Electric 100 Amp Service
  • Electric Expense 6726
  • Heat SystemYes
  • Heating Baseboard
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 27,583
  • Lot Size Square Feet 19,166
  • Lot Size Units Acres
  • Square Feet27,583

Amenities

  • AmenitiesPublic Transportation
  • Other AmenitiesBasement

Legal

  • ZoningI-2

Other

  • Date Listed08/11/2026
  • Farm Land Area Units Square Feet

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Listed by Bradford Carlson of New England Realty Advisors LLC

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