89 Newbury Street, Lawrence, MA 01840
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$1,349,999
4 Unit
4 Beds
4 Baths
3114 SQFT
0.00 Acre

Property Description

Cash Cow! 4 unit Mixed -use well maintained. High traffic corner. This is a great opportunity to own & occupy with the potential to collect rents and potential to run your own business. Separate utilities. Seller's Unit 3 is interested in remaining in the unit for 5 years at a mutually agreed upon monthly rent. Successful convenience store Unit 4 is Tenant occupied. Inventory, Equipment, & trade fixtures in Convenience store are NOT included in the property sale. 1st Floor unit is easy to show.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished, Walk Out
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Internet Available - Broadband, Security System
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided, Projected
  • Gross Operating Income: 73200
  • Gross Expenses: 900
  • Water/Sewer: 900
  • INSC: 4900
  • Net Operating Income: 78600

Utilities

  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: Varies per Unit, for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1925
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73410270
  • Last Updated: 08/02/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/01/2025Active$1,349,999$434MLSPIN
07/28/2025New$1,349,999$434MLSPIN

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Seller's Representative: Giuseppina Russo, CRG
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-08-02 07:15:00