Jordan Court Apartments

Lawrence, Massachusetts, is a vibrant and historic city situated on the Merrimack River, renowned for its rich industrial heritage and its diverse, multicultural present. Once a hub for textile manufacturing, the city's red-brick mill buildings have been revitalized into residential lofts, commercial spaces, and educational centers, creating a unique urban landscape. Today, Lawrence is a melting pot of cultures, with a large and growing Hispanic community that enriches the city's culinary scene, arts, and festivals. The city is a dense, walkable urban environment with a strong sense of community and a compelling history. The asset is located on the north side of Lawrence with walkable amenities including local restaurants, retailers, and grocery stores. National brands are also represented by Market Basket, America’s Food Basket, TJ Maxx, Walgreens, Starbucks, McDonald’s, KFC, Taco Bell, 7-Eleven, and Dunkin’, all of which are within 3 miles of the Property. The location provides easy access to Interstate 495 and MA Routes 28 & 114, and Interstate 93, which is 3 miles away. The building is also just 1.3 miles from the Lawrence Train Station, with service to Boston on the MBTA’s Haverhill Line.New England Realty Advisors LLC is pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (2) one-bedroom, and (3) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and four out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request.