159 S Union Street, Lawrence MA 01843
Lawrence, MA 01843
$1,975,000
Est. $11,347/month
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About this home
159 S Union St contains nine (9) total units, comprised of seven (7), 3-Bedroom/1-Bathroom units and two street-level commercial units with 11,280 square feet of gross living area in 15,000 square feet of gross area. Both commercial units are occupied by Hayes Tavern, who recently signed a brand-new lease. The Property is situated on a 0.16-acre parcel and features seven (7) off-street parking spaces. The Property is separately metered for gas powered heat & hot water, as well as individually metered electricity, which tenants pay directly. The Landlord is responsible for providing domestic water and sewer, which they pay directly. 159 South Union Street is strategically located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is situated in a highly walkable area with numerous retailers, services, and community amenities.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Back On Market
Jul 14, 2026
Active
Pending Sale
Jul 4, 2026
Offer accepted, sale pending
Listed for Sale
Jun 11, 2026
$1,975,000
Original listing
Agent: Spencer Norton
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/14/2026 | • Back On Market | - | - | - | Active |
| 07/04/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/11/2026 | 🏠 Listed for Sale | $1,975,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $13,921 | $1,234,400 |
Financial Details
Annual Property Tax
$13,921
Tax Year 2026
Assessed Value
$1,234,400
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1930
Living Area
11,280 sq ft
Lot Size
0.16 acres
Bedrooms
21
Full Baths
7
Total Rooms
37
Investment Metrics
Units
9
Unit 1 Rent
$2,400/mo · N
Unit 2 Rent
$2,500/mo · N
Unit 3 Rent
$2,300/mo · N
Unit 4 Rent
$2,200/mo · N
Total Monthly Rent
$9,400/mo
Gross Income
$232,800
Net Operating Income
$181,029
Operating Expenses
$51,771
Cap Rate
9.17%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
7
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$13,921
Assessed Value
$1,234,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
27 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1930
Bedrooms
21
Full Bathrooms
7
Living Area
11,280 sq ft
Total Rooms
37
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
11,280 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1930
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Other
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
7
Parking Features:
Off Street
Nearby Schools
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
Elementary Schools
3 schools
Lawrence Catholic Academy
0.3 mi
Grades PK-08
John Breen School
0.3 mi
262 students
Less Diverse
Grades PK-K
CLASS, Inc.
0.4 mi
Grades K-12
Middle Schools
3 schools
B+
Spark Academy
0.4 mi
|
#6 of 16
|
Score: 35.8
Improved 245 spots from last year
-22.5 below state avg
443 students
Less Diverse
Rising School
Grades 05-08
Esperanza Academy
0.8 mi
Grades 05-06
F
Oliver Middle School
1.0 mi
|
#346 of 352
|
Score: 24.3
Improved 19 spots from last year
-33.9 below state avg
348 students
Less Diverse
Grades 05-08
High Schools
3 schools
B
High School Learning Center
0.4 mi
|
#172 of 346
|
Score: 71.1
Dropped 128 spots from last year
198 students
Less Diverse
Career Tech Programs
College Ready Curriculum
Grades 09-12
C
Lawrence High School
0.6 mi
|
#270 of 346
|
Score: 44.4
Improved 39 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
B
Phoenix Academy Public Charter High School, Lawrence
0.7 mi
|
#182 of 346
|
Score: 69.9
Dropped 160 spots from last year
140 students
Moderate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Loan Amount
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Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,160
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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+0.5% Rate
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Payment Over Time
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.
Location
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Neighborhood
159 S Union Street, Lawrence MA 01843
Lawrence, MA 01843
Listing Information
Listing Agent
Spencer Norton
Listing Office
Horvath & Tremblay
Office Phone
781-776-4000
Agent MLS ID
CN230412
Office MLS ID
AN2723
Listing Data Updated
Jul 18, 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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