176-178 Bailey Street, Lawrence MA 01843 – 17 bed 5 bath For Sale – 73429257
Overview
- Updated On:
- September 11, 2025
-
- 73429257
- 17 Bedrooms
- 5 Bathrooms
- 0 Garage Spaces
- 8 Non-Garage Parking Spaces
- 1900
Description
Pleased to present 176–178 Bailey Street, a substantial 4-unit multifamily in Lawrence’s Southside neighborhood. The property features three (3) 4-bed/1-bath units and one (1) 5-bed/2-bath loft-style unit, totaling 5,708± sq. ft. of living area and 8,980± sq. ft. gross area on a 0.18-acre lot with off-street parking. Each unit is separately metered for electric, heat, and hot water; landlord responsible for common electric and domestic water/sewer. Recent updates include a brand-new 2025 asphalt shingle roof, newer boilers and water heaters, stainless appliances, and plank flooring. Added amenities include in-unit laundry hookups. Ideally located near the Commuter Rail, I-495, Routes 28 & 114, medical offices, downtown, shopping, and restaurants. With strong rental demand and major improvements, this property offers both stability and upside—an excellent opportunity in one of Lawrence’s most vibrant neighborhoods.
This property is listed by Michael Alvarez from Alvarez Real Estate Group LLC
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 1,250,000 |
| Living Area | 5,708.00 ft2 |
| Bedrooms | 17 |
| Total Rooms | 29 |
|---|---|
| Listing MLS ID | 73429257 |
| Days on Market | 1 |
| Bathrooms | 5 |
Unit Information
| Bedrooms | 17 |
|---|---|
| Full Bathrooms | 5 |
| Half Bathrooms | 0 |
| Cooling | Window Unit(s) |
| Heating | Baseboard, Natural Gas |
| Uncovered Parking | 8 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | Gas Dryer Hookup, Washer Hookup |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full, Interior Entry, Bulkhead, Unfinished |
| Patio And Porch Features | Porch |
| Parking Features | Off Street, Tandem |
| Waterview Features | |
| Flooring | Other |
Building Information
| Building Name | |
|---|---|
| Units in Building | 4 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full, Interior Entry, Bulkhead, Unfinished |
| Roof | Shingle, Rubber |
Additional Details
| Community Features | Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other |
|---|---|
| Disclosures | Property to be sold in as-is condition. |
| Last Updated | September 11, 2025 at 07:30am |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 4202649 |
| Original List Price | 1250000 |
| Listing Office | alvarez real estate group llc |
| Tax Annual Amount | 7402 |
|---|---|
| Tax Assessed Value | 841100 |
| Tax Book Number | 14928 |
| Tax Year | 2025 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | R3 |
| Listing Agent | michael alvarez |
Property Address
Amenities and Features
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What's Nearby
Food
Passion's Steak Tacos
(0.13 miles)
Mamajuana Restaurant & Lounge
(0.02 miles)
Jason's Korean BBQ
(0.9 miles)
La Nueva Emapandas Oleaga
(0.05 miles)
Yas Chicken
(0.7 miles)Health & Medical
Lawrence G Kidd, MD
(0.65 miles)
New England Community Acupuncture
(1.31 miles)
All Is Well - For Body, Mind & Spirit
(13.74 miles)
Pentucket Medical
(0.69 miles)
Greater Lawrence Family Health Center
(0.63 miles)
Shopping
Canal Street Antique Mall
(0.56 miles)
New Balance Factory Store
(0.33 miles)
The Mall at Rockingham Park
(6.23 miles)
Andover Village Square
(3.16 miles)
Tj Maxx
(1.32 miles)
Contact Me
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176-178 Bailey Street, Lawrence MA 01843 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
176-178 Bailey Street, Lawrence MA 01843 – 17 bed 5 bath For Sale – 73429257
$ 1,250,000
Status: Active
176-178 Bailey Street, Lawrence MA 01843, Lawrence, South Lawrence, Essex 01843
Country: US
Property Overview
MLS #: 73429257
Type: 4 Family /
Action: Residential Income
Year Built: 1900 (Approximate, Source: Public Records, Effective: )
Living Area: 5,708.00 ft2 (Total: 5708 Square Feet, Source: Public Records)
Lot Size: 0.18 ft2 (Area: 0.18 Acres, SqFt: 7840)
Total Rooms: 29
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 17 (Main Level: )
Bathrooms: Total: 5 (Full: 5, Half: 0, Decimal: 5, Main Level: )
Basement: Full, Interior Entry, Bulkhead, Unfinished
Fireplaces: 0 ()
Flooring: Other
Laundry: Gas Dryer Hookup, Washer Hookup
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Block (Area: )
Roof: Shingle, Rubber
Stories: 5 (5)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Baseboard, Natural Gas
Cooling: Window Unit(s)
Water Source: Public
Sewer: Public Sewer ()
Utilities: for Gas Range, for Gas Dryer, Washer Hookup
Electric: Circuit Breakers (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 8
Parking Features: Off Street, Tandem
Pool:
Spa:
Patio/Porch: Porch
Fencing: Fenced
Lot Features: Other
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: R3 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Pleased to present 176–178 Bailey Street, a substantial 4-unit multifamily in Lawrence’s Southside neighborhood. The property features three (3) 4-bed/1-bath units and one (1) 5-bed/2-bath loft-style unit, totaling 5,708± sq. ft. of living area and 8,980± sq. ft. gross area on a 0.18-acre lot with off-street parking. Each unit is separately metered for electric, heat, and hot water; landlord responsible for common electric and domestic water/sewer. Recent updates include a brand-new 2025 asphalt shingle roof, newer boilers and water heaters, stainless appliances, and plank flooring. Added amenities include in-unit laundry hookups. Ideally located near the Commuter Rail, I-495, Routes 28 & 114, medical offices, downtown, shopping, and restaurants. With strong rental demand and major improvements, this property offers both stability and upside—an excellent opportunity in one of Lawrence’s most vibrant neighborhoods.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 4
Units Owner Occupied:
Unit 1: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1900, Lease: N
Unit 2: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2000, Lease: N
Unit 3: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1800, Lease: N
Unit 4: Beds: 5, Full Baths: 2, Half Baths: 0, Levels: 2, Rent: 2000, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 7402 (Year: 2025)
Tax Assessed Value: 841100
Tax Block/Lot/Book/Map: / / 14928 /
Parcel Number: 4202649
Special Licenses:
Current Financing:
Gross Income: 92400 (Scheduled: )
Net Operating Income: 66580
Operating Expense: 25819 (Water/Sewer: , Insurance: )
Financial Data Source: Estimated, Owner, Other (See Remarks)
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Total Actual Rent: 7700
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Michael Alvarez (MLS ID: CN250534) / Team:
Listing Office: Alvarez Real Estate Group LLC (MLS ID: AN7528)
Agent (Property): 369593
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-09-10
Expiration Date: 1900-01-01
Original List Price: 1250000
Price Per SqFt (List): 218.99
Market Time (Property): 1 (Broker: 1, Prev Broker: 0, Prev Property: 0)
MLS Status: New
Possession:
Directions: Located off South Union Street, between Salem Street and Abbott Street.
Disclosures: Property to be sold in as-is condition., N
Lead Paint: Unknown
Title 5:
Exclusions: Water Filtration System Is Excluded From The Sale, And The Shed Is Tenant-Owned.
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 0020)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 2451766
Modification Timestamp: September 11, 2025 at 07:30am
Bridge Modification Timestamp: September 11, 2025 at 07:34am
Original Entry Timestamp: September 11, 2025 at 12:52am
Status Change Timestamp: September 11, 2025 at 12:52am
Off Market Date:
Development Status:
Business Type:
