40-42 Perry Ave, Lawrence, MA 01841
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$799,900
2 Unit
8 Beds
3 Baths
2470 SQFT
0.09 Acre

Property Description

Fully renovated just 7 years ago, this well-maintained two-family home on the Methuen line offers exceptional versatility for owner-occupants or investors. Both the first and second floors feature 3 bedrooms and 1 full bath, with bright, inviting living spaces, hardwood-style flooring, and abundant natural light. The main unit’s kitchen is updated with granite countertops, stainless steel appliances, and ample cabinetry, while the upper unit offers the same bedroom and bath count in a slightly more compact layout with a well-appointed kitchenette ideal for rental income, extended family, or guests. The finished third level provides additional in-law–style living space, perfect for a home office, guest suite, or recreation area. Separate utilities offer convenience and privacy, and the fenced backyard with off-street parking enhances the property’s appeal. Located close to shopping, dining, schools, and major commuter routes, this turnkey property is a smart and flexible investment.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Basement Features: Concrete Floor, Full
  • Common Rooms: Kitchen, Living Room, Loft, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Stone/Granite/Solid Counters, Studio, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Range, Refrigerator, Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 22800
  • Net Operating Income: 22800

Utilities

  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • 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: 2

Construction

  • Year Built: 1920
  • Type: 2 Family - 2 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Membrane, Wood Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73417805
  • Last Updated: 08/14/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/13/2025New$799,900$324MLSPIN

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Seller's Representative: Treetop Group, Keller Williams Realty
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 2025-08-14 17:55:00