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229 Jackson St, Lawrence MA 01841

Lawrence, MA 01841 • North Lawrence
$1,199,000
$1,149,000
Est. $6,497/month
7
Beds
6
Baths
4,583
Sq Ft
$251
Price/Sq Ft
0.17
Acres
1910
Year Built
3
Garage Spaces
101
Days on Market
Active Price Drop -$50,000 Listed Mar 26, 2026 • MLS# 73492347 Copied! • Updated May 21, 2026

About this home

This 6-unit multi-family residence property consists of (4) one-bedroom units, (1) three- bedroom unit, and (1) Studio. Having all separate utilities provides a lower cost of ownership for an investor that is looking for cash flow and income growth potential. The property encompasses 4583 square feet of living area, situated upon a generous 7520 square foot lot. This 6-unit property has a mansard roof that is in good condition, separate gas heating systems, separate electrical electrical panels and meters,vinyl replacement windows, and a recently updated Fire Alarm Panel. Three dedicated garage spaces, with remote openers, offering convenient vehicle accommodations and the potential for additional income. Great commuter location just 1.2 miles from the commuter rail. Close to local shops and downtown restaurants. A short drive to Route 114, Route 495, Route 93, Route 28, the Methuen Loop shopping center, and tax-free shopping in Salem, NH.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
4.2%
Price Range

Property Timeline

Price Reduced
May 17, 2026
$1,149,000 $50,000 (-4.17%)
From $1,199,000 to $1,149,000 (-4.2%)
🏠
Listed for Sale
Mar 26, 2026
$1,199,000
Original listing
Agent: Martin Alcantara Office: eXp Realty

Tax History

Year Taxes Assessment
2025 $5,845 $664,200

Financial Details

Annual Property Tax
$5,845
Tax Year 2025
Assessed Value
$664,200

Facts & Features

3 Car Garage

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1910
Living Area 4,583 sq ft
Lot Size 0.17 acres
Bedrooms 7
Full Baths 6
Total Rooms 17

Investment Metrics

Units 6
Unit 1 Rent $1,200/mo · Y
Unit 2 Rent $2,600/mo · N
Unit 3 Rent $1,250/mo
Unit 4 Rent $1,500/mo · Y
Total Monthly Rent $6,550/mo
Gross Income $93,600
Net Operating Income $93,600
Cap Rate 8.15%
Heating None
Cooling None
Flooring Wood, Tile
Appliances None
Fireplace None
Fireplaces 1
Basement Full
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Garage Spaces 3
Has Garage Yes
Features Paved Drive, Off Street
Total Spaces 7
Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven

Financial

Annual Tax $5,845
Assessed Value $664,200
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyer And Or Buyers Agent To Do Their Due Diligence On Public Record Information. Pro-forma Is Available. Video Recording On Property.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures Buyer and or Buyers Agent to do their due diligence on public record information.
Documents None
County Essex
Total market time (incl. prior listings) 56 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
7
Full Bathrooms
6
Living Area
4,583 sq ft
Total Rooms
17
Stories
6
Levels
6

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Tile
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 6

Heating, Cooling & Utilities

Heating:
Heating Zones: 6
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Garage Spaces: 3
Total Parking Spaces: 7
Parking Features: Paved Drive, Off Street

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
School District
Lawrence School District local
D
🎓 Where Graduates Go Class of 2021
36% attend college
14% 4-Year 23% 2-Year 3% Out of State 2% Working
School Safety 2024-25
2.2% Average
2.2% Suspensions 1.1% In-School
3.3% below state avg
E

Elementary Schools

10 schools
F
School for Exceptional Studies
0.4 mi | #343 of 346 | Score: 17.7
Improved 40 spots from last year
-40.5 below state avg
118 students Less Diverse
Rising School
Grades PK-12
B+
Community Day Charter Public School
0.6 mi | #125 of 352 | Score: 46.9
Dropped 12 spots from last year
-11.3 below state avg
1,200 students Less Diverse
Grades PK-08
C
Lawrence Family Development Charter School
0.9 mi | #254 of 352 | Score: 36.0
Dropped 53 spots from last year
-22.3 below state avg
899 students Less Diverse
Strong Attendance
Grades PK-08
CLASS, Inc.
1.1 mi
Grades K-12
Lawrence Catholic Academy
1.2 mi
Grades PK-08
C+
Emily G Wetherbee School
1.5 mi | #235 of 352 | Score: 37.5
Improved 66 spots from last year
-20.7 below state avg
480 students Less Diverse
Rising School
Grades K-08
F
Francis M. Leahy School
0.2 mi | #806 of 824 | Score: 26.5
Improved 27 spots from last year
-31.7 below state avg
525 students Less Diverse
Rising School
Grades PK-04
D
Oliver Elementary School
0.3 mi | #766 of 824 | Score: 31.2
Improved 48 spots from last year
-27 below state avg
469 students Less Diverse
Rising School
Grades K-04
Rollins Early Childhood Center
0.5 mi
157 students Less Diverse
Grades PK-K
Lawrence Early Childhood Center
0.6 mi
205 students Less Diverse
Grades PK-K
M

Middle Schools

9 schools
F
Oliver Middle School
0.3 mi | #346 of 352 | Score: 24.3
Dropped 28 spots from last year
-33.9 below state avg
348 students Less Diverse
Grades 05-08
Esperanza Academy
0.4 mi
Grades 05-06
Blessed Stephen Bellesini O.S.A. Academy
0.8 mi
Grades 05-08
C-
Parthum Middle School
0.8 mi | #285 of 352 | Score: 32.8
Dropped 7 spots from last year
-25.4 below state avg
585 students Less Diverse
Grades 05-08
D
Arlington Middle School
0.9 mi | #325 of 352 | Score: 28.8
Improved 24 spots from last year
-29.4 below state avg
543 students Less Diverse
Rising School
Grades 05-08
C-
Guilmette Middle School
1.5 mi | #294 of 352 | Score: 31.8
Dropped 12 spots from last year
-26.4 below state avg
457 students Less Diverse
Grades 05-08
D
Alexander B Bruce School
1.5 mi | #331 of 352 | Score: 27.7
Dropped 7 spots from last year
-30.5 below state avg
462 students Less Diverse
Grades 03-08
B+
Spark Academy
1.5 mi | #6 of 16 | Score: 35.8
Improved 270 spots from last year
-22.5 below state avg
443 students Less Diverse
Rising School
Grades 05-08
C-
Frost Middle School
2.2 mi | #297 of 352 | Score: 31.7
Improved 28 spots from last year
-26.5 below state avg
508 students Less Diverse
Rising School
Grades 05-08
H

High Schools

5 schools
B-
RISE Academy
0.5 mi | #223 of 346 | Score: 66.7
Same rank as last year
74 students Less Diverse
College Ready Curriculum
Grades 06-12
B
Phoenix Academy Public Charter High School, Lawrence
0.6 mi | #182 of 346 | Score: 69.9
Same rank as last year
140 students Moderate
Career Tech Programs College Ready Curriculum
Grades 09-12
Central Catholic High School
0.7 mi
21 sports • 2,718 athletes
Strong Athletics
Grades 09-12
B
High School Learning Center
1.1 mi | #172 of 346 | Score: 71.1
Same rank as last year
198 students Less Diverse
Career Tech Programs College Ready Curriculum
Grades 09-12
C
Lawrence High School
1.8 mi | #270 of 346 | Score: 44.4
Improved 37 spots from last year
-13.8 below state avg
3,453 students Less Diverse
13 sports • 1,440 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Breakdown

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Property Tax $487
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Year 15
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Location

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Neighborhood

North Lawrence

229 Jackson St, Lawrence MA 01841

Lawrence, MA 01841

Listing Information

Listing Agent Martin Alcantara
Listing Office eXp Realty LLC
Office Phone 888-854-7493
Agent MLS ID CN210177
Office MLS ID AN7038
Listing Data Updated May 21, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
BMN Boston Real Estate
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