229 Jackson St, Lawrence, MA 01841
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$1,199,000
6 Unit
7 Beds
6 Baths
4583 SQFT
0.17 Acre

Property Description

This 6-unit multi-family residence property consists of (4) one-bedroom units, (1) three- bedroom unit, and (1) Studio. Having all separate utilities provides a lower cost of ownership for an investor that is looking for cash flow and income growth potential. The property encompasses 4583 square feet of living area, situated upon a generous 7520 square foot lot. This 6-unit property has a mansard roof that is in good condition, separate gas heating systems, separate electrical electrical panels and meters,vinyl replacement windows, and a recently updated Fire Alarm Panel. Three dedicated garage spaces, with remote openers, offering convenient vehicle accommodations and the potential for additional income. Great commuter location just 1.2 miles from the commuter rail. Close to local shops and downtown restaurants. A short drive to Route 114, Route 495, Route 93, Route 28, the Methuen Loop shopping center, and tax-free shopping in Salem, NH.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Total Fireplaces: 1
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Full
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 93600
  • Net Operating Income: 93600

Utilities

  • Heat Zones: 6
  • Electric Info: 60 Amps/Less, None
  • Energy Features: Storm Doors
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73492347
  • Last Updated: 03/30/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/30/2026Active$1,199,000$262MLSPIN
03/26/2026New$1,199,000$262MLSPIN

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Seller's Representative: Martin Alcantara, eXp 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 2026-03-30 03:05:00

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