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$6,600,000

Est. payment - /mo

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64 Beds

34 Baths

60,243 SqFt

New

11-21 Lawrence Street Lawrence, MA 01840

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Meghan Maraghy

agentmanh@gmail.com +1(978) 580-9612

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Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 60,243 sqft

Price per Sqft $109

MLS Listing ID 73591823

Bedrooms 64

Full Baths 32

Half Baths 4

Year Built 1905

Annual Tax Amount $60,594

Tax Year 2026

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

Known as the “Bay State Building”, 11-21 Lawrence Street occupies a full city block in the heart of Lawrence's vibrant downtown. The Property features thirty-nine (39) total units, comprised of thirty two (32) residential units on floors two through four and seven (7) street level commercial units with Chase Bank being the anchor tenant. Chase Bank signed a brand new 10-year lease in 2022 with four (4) 5-year renewal options and attractive rent increases throughout the primary term and renewal options. The Property occupies floors 1-4 of the iconic 8 floor, elevator serviced building in downtown Lawrence. Floors 1-4 feature 60,243 square feet of gross living area and 76,212 square feet of gross area. The Property is comprised of thirty-nine (39) total units, featuring seven (7) Commercial units, while the residential units are comprised of four (4) 3+Bedroom/1.5-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, three (3) 2+ Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 1-Bedroom/1-Bathroom units, and two (2) Studio units. Tenants are responsible for separately metered utilities. The Landlord is responsible for providing city water & sewer. *Total Monthly Rent is $75,105, exceeding the max allowed by MLS.*

Location

State MA

County Essex

Zoning B3

Direction Please Use GPS.

Interior

Heating Electric

Exterior

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot, Level

Story 5

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay

Nearby Locations

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Meghan Maraghy

Broker Associate

+1(978) 580-9612

11-21 Lawrence Street Lawrence, MA 01840

Meghan Maraghy

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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11-21 Lawrence Street