Map of Property

South Union Street Lodging

77-91 South Union Street, Lawrence, MA 01843

  • For Sale $4,760,000
  • Property Type Multi-Family
  • Property Size 22,698 SF
  • Units 76
  • Lot Size 0.19 Acre
  • Year Built 1900
  • Date Updated Mar 20, 2024
Lawrence’s position near I-93 puts Boston less than an hour’s drive away from your apartment. MBTA service also connects Lawrence to Boston by rail.Northeast Private Client Group is pleased to present the South Union Street Lodging House in Lawrence, MA. Lawrence is near I-93, positioned less than an hour’s drive to Boston & MBTA service connects Lawrence to Boston by rail. This 22,698 SF property was built in approximately the 1900s and consists of 76 rooms and 12 common restrooms. Capital improvements include a new rubber roof & new boilers installed 4-5 years ago. 95% of the units are remodeled, along with renovated common areas. Security systems and cameras are installed throughout the building. This building has a strong historical occupancy rate & a new buyer has a significant upside in bringing rents closer to market over time. All interested and qualified parties can obtain additional information & tour the property during scheduled appointments. Seller financing options are available.

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Highlights

  • 76-Unit Rooming House
  • Strong Historical Occupancy | 100% Occupied
  • Value Add Opportunity Through Market Rents
  • Additional Coin-Op Laundry Income
  • Recent Capital Improvements
  • Located in a Qualified Opportunity Zone

Contacts

broker

Drew Kirkland

Northeast Private Client Group

(857) 990-6802

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Lawrence, MA
  • Neighborhood Lawrence
  • Zip Code 01843
  • Market Boston

Points of Interest

  • Lawrence

    0.17 miles

  • Taxi Merrimack

    0.59 miles

  • Bradford

    5.72 miles

  • Haverhill

    6.15 miles

  • Boott Mills

    8.62 miles

  • Lower Locks

    8.69 miles

  • George Ayotte Parking Facility

    8.79 miles

  • Moody Street Gatehouse

    8.88 miles

  • Visitor Center

    8.94 miles

  • Suffolk Mill

    8.96 miles

  • Speedway

    0.72 miles

  • Gas 'n' Go

    0.86 miles

  • Gulf

    1.21 miles

  • Mobil

    1.30 miles

  • Global Gas

    1.31 miles

  • Haffner's Gasoline

    1.50 miles

  • Speedway

    1.72 miles

  • Super Petroleum

    2.04 miles

  • Sunoco

    2.28 miles

  • haffners gas

    2.43 miles

  • Lot A

    2.42 miles

  • Lot B

    2.49 miles

  • Lot C

    2.57 miles

  • Lot D

    2.59 miles

  • Lot H

    2.69 miles

  • Lot E

    2.70 miles

  • Wyndham Boston Andover Additional Parking

    2.73 miles

  • Lot G

    2.73 miles

  • Lot F

    2.74 miles

  • Wyndham Boston Andover Hotel Parking

    2.75 miles

  • Holiday Inn Express

    1.18 miles

  • Courtyard Place

    1.83 miles

  • Homewood Suites by Hilton Boston/Andvor

    2.06 miles

  • Courtyard by Marriott Boston Andover

    2.28 miles

  • Wyndham Boston Andover

    2.75 miles

  • La Quinta Inn

    2.87 miles

  • Sonesta ES Suites

    2.91 miles

  • SpringHill Suites by Marriott Boston Andover

    3.05 miles

  • Days Inn

    3.36 miles

  • Hampton

    5.29 miles

  • Spicket River Brewery

    0.43 miles

  • Attika Restaurant

    0.52 miles

  • Salvatore's

    0.53 miles

  • Pollo Centro

    0.53 miles

  • Salvatore's Function Facility

    0.58 miles

  • Viva Bar

    0.60 miles

  • Carleen's

    0.60 miles

  • Bodega Alexander

    0.65 miles

  • Garden House Korean Restaurant

    0.66 miles

  • KFC

    0.69 miles

  • Professional Center for Handicapped Children

    0.23 miles

  • John Breen School

    0.40 miles

  • South Lawrence East Elementary School

    0.46 miles

  • Lawrence Public Schools

    0.48 miles

  • Spark Academy

    0.49 miles

  • Northern Essex Community College

    0.50 miles

  • Esperanza Academy

    0.68 miles

  • UP Academy Leonard

    0.72 miles

  • Northern Esssex Community College

    0.75 miles

  • Lawrence High School Campus

    0.77 miles

  • KinderCare

    1.75 miles

  • Lowell Day Nursery

    8.93 miles

  • Hilltop Nursery School

    9.31 miles

  • Over The Rainbow

    9.55 miles

  • The Learning Experience

    9.93 miles

Frequently Asked Questions

What is the lease rate for South Union Street Lodging?

Rental asking rate at South Union Street Lodging is $2,380,000.00/YR.

What is the total square footage of South Union Street Lodging?

South Union Street Lodging totals 22,698 square feet.

When was this property built?

South Union Street Lodging was built in 1900.

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Contact Listing Broker

broker

Drew Kirkland

Northeast Private Client Group

(857) 990-6802