Map of Property

South Union Street Lodging

For Sale

77-91 South Union Street, Lawrence, MA 01843

This Lawrence property for sale is located at 77-91 South Union Street. The current listed sale price for South Union Street Lodging is $4,760,000. South Union Street Lodging is situated on a lot that is 0.19 acre in size.

Contacts

broker

Drew Kirkland

Northeast Private Client Group

(857) 990-6802

Property Details

  • 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

Getting around

  • 86/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Andover Inn

    3.62 miles

  • Market Basket

    0.96 miles

  • Mello's Supermarket

    1.30 miles

  • Market Basket

    1.37 miles

  • Constanza Market

    1.45 miles

  • TJ Maxx

    1.48 miles

  • Butcher Boy

    2.32 miles

  • Market Basket

    2.46 miles

  • Whole Foods Market

    2.71 miles

  • Target

    2.84 miles

  • The Loop

    2.99 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Drew Kirkland

Northeast Private Client Group

(857) 990-6802