251-253 Ferry St, Lawrence, MA 01841
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$849,900
4 Unit
4 Beds
4 Baths
3136 SQFT
0.11 Acre

Property Description

Mixed use property deeded as residential, for sale in the thriving city of Lawrence! This 4-family property offers an excellent investment opportunity with both commercial and residential components. The property features 3 rented apartments, one commercial unit and storage in the back of the property. Commercial unit can be returned to its original, to an apartment. This property is minutes away from the highway, stores, and the hospitals. It's also a great investment property for an owner occupied or for an investor who wants to grow its real estate portfolio. Motivated seller, don't miss this great opportunity of owning this amazing property.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Private School, Public School, Public Transportation, Swimming Pool
  • Common Appliances: Range, Refrigerator
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 54000
  • Net Operating Income: 54000

Utilities

  • Electric Info: Circuit Breakers, Common, Individually Metered, Other (See Remarks), Underground
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73333330
  • Last Updated: 03/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/11/2025Active$849,900$271MLSPIN
02/07/2025New$849,900$271MLSPIN
02/05/2025Canceled$849,900$271MLSPIN
02/02/2025Active$849,900$271MLSPIN
01/29/2025Back on Market$849,900$271MLSPIN
08/19/2024Temporarily Withdrawn$849,900$271MLSPIN
08/19/2024Temporarily Withdrawn$700,000$223MLSPIN
08/03/2024Active$700,000$223MLSPIN
07/30/2024New$700,000$223MLSPIN

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Seller's Representative: Johanny Ulloa, View Real Estate Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-04 14:22:00

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