Active
90 Days on market
159 S Union Street Lawrence — Photo 1 of 14

159 S Union Street Lawrence — Photo 1 of 14

$1,975,000

159 S Union Street, Lawrence, MA 01843

Lawrence, MA 01843

Beds

21

Baths

7

SqFt

11,280

Style

5+ Family - 5+ Units Up/Down

Built

1930

159 S Union St contains nine (9) total units, comprised of seven (7), 3-Bedroom/1-Bathroom units and two street-level commercial units with 11,280 square feet of gross living area in 15,000 square feet of gross area. Both commercial units are occupied by Hayes Tavern, who recently signed a brand-new lease. The Property is situated on a 0.16-acre parcel and features seven (7) off-street parking spaces. The Property is separately metered for gas powered heat & hot water, as well as individually metered electricity, which tenants pay directly. The Landlord is responsible for providing domestic water and sewer, which they pay directly. 159 South Union Street is strategically located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is situated in a highly walkable area with numerous retailers, services, and community amenities.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$175/sqft
Local Avg (Lawrence)$331/sqft
47% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Lawrence, MA.

Property Details

Financials

Original Price$1,975,000
Annual Taxes$13,921

Parking

Garage0
Off-Street7

Interior Specifications

Total Rooms37
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationOther
ZoningB2

Property & Lot

Acres0.16
SqFt Lot6,969
Lot FeaturesOther

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Population

27,445

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$68K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

68.2%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Spencer Norton

Listing Office: Horvath & Tremblay

MLS® Number: 73534642

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