145 Water St, Lawrence, MA 01841
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$825,000
3 Unit
7 Beds
3 Baths
2631 SQFT
0.06 Acre

Property Description

145 Water St benefits from a central, commuter-friendly location with convenient access to downtown Lawrence, Route 28, I-495, I-93 and the Lawrence Commuter Rail Station. The building consists of two (2), 3-Bedroom/ 1-Bathroom units and one (1), 1+ Bedroom/ 1-Bathroom unit. The building contains 2,631 SF of living area in 4,336 SF of gross area. The property is professionally managed, features two (2) tandem parking spaces and has updated units with separately metered, tenant paid utilities. Current rents are below market, allowing a new owner to increase the income of the property by bringing rents to current market rates.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 3

Financial

  • APOD Available: No
  • Expenses Source: Other (See Remarks)
  • Gross Operating Income: 78756
  • Gross Expenses: 15479
  • Electric Expenses: 300
  • Water/Sewer: 2328
  • INSC: 3866
  • Net Operating Income: 60914

Utilities

  • 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

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73407252
  • Last Updated: 07/25/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/25/2025Active$825,000$314MLSPIN
07/21/2025New$825,000$314MLSPIN
07/01/2010Sold$214,900$82MLSPIN
06/28/2010Under Agreement$214,900$82MLSPIN
04/05/2010Active$214,900$82MLSPIN

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Seller's Representative: Spencer Norton, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-25 03:05:00