439-443 Riverside Dr, Lawrence MA 01841

Lawrence, MA 01841
$1,299,000
Est. $7,404/month
18
Beds
6
Baths
7,520
Sq Ft
$173
Price/Sq Ft
0.15
Acres
1920
Year Built
73
Days on Market
Pending Price Drop -$51,000 Listed Apr 11, 2025 • MLS# 73358630 Copied!

About this home

Don’t miss this rare opportunity to own a well-performing six-family property in a desirable location near the Methuen line, offered at $1,299,000. Each of the six spacious units features 3 bedrooms and 1 full bath, appealing to quality tenants. Three units have been updated within the past two years, adding value and rental upside.Tenants pay their own utilities, keeping owner expenses low and maximizing cash flow. The property also offers approximately 8 off-street parking spaces, a major perk in this area. Conveniently located near shopping, dining, and major highways, this turnkey property delivers both strong rental income and long-term investment potential.

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
18
Full Bathrooms
6
Living Area
7,520 sq ft
Total Rooms
30
Stories
5
Levels
5

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1920
Living Area 7,520 sq ft
Lot Size 0.15 acres
Bedrooms 18
Full Baths 6
Total Rooms 30

Interior

Heating None
Cooling None
Flooring Varies
Appliances None
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry None
Features None

Exterior

Construction Frame, Concrete
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 8

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $7,629
Assessed Value $866,900

Interior Features

Flooring: Varies
Appliances:
Interior Features:
Windows:
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials: Frame, Concrete
Roof: Rubber
Foundation: Stone
Stories: 5

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:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 8
Parking Features: Paved Drive, Off Street

Location

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Neighborhood

439-443 Riverside Dr, Lawrence MA 01841

Lawrence, MA 01841

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $636
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Apr 11, 2025
$1,299,000
Original listing
Agent: Olivares Molina TEAM Office: Realty One Group Nest

Price & Status History

Date Event Price Change
Apr 11, 2025 New Listing Added $1,299,000

Market Statistics

Days on Market
73 days
Price per Sq Ft
$173
Total Price Drop
-$51,000

Tax History

Year Taxes Assessment
2025 $7,629 $866,900

Financial Details

Annual Property Tax
$7,629
Tax Year 2025
Assessed Value
$866,900

Listing Information

Listing Agent Olivares Molina TEAM
Listing Office Realty One Group Nest
Agent MLS ID TM005072
Office MLS ID AN6420
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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Market Analytics for Lawrence, MA

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