42 Summer Street, Lawrence MA 01840
Lawrence, MA 01840
$899,000
Est. $73,129/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Excellent opportunity to own a fully updated three-family property offering modern finishes, spacious layouts, and strong investment potential. Each unit has been thoughtfully renovated with updated kitchens and bathrooms, fresh paint, modern flooring, and updated fixtures throughout. The property offers three separate living spaces, making it ideal for an investor looking to add a turnkey property to their portfolio or an owner-occupant looking to offset their mortgage with rental income. With the major updates already completed, this property is ready for its next owner. Conveniently located near shopping, restaurants, public transportation, and major commuter routes. A great opportunity to own a move-in-ready multifamily property with excellent income potential!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Oct 1, 2026
$899,000
Original listing
Agent: Justin Melo
Office: LAER Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2026 | 🏠 Listed for Sale | $899,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $820,600 | $733,600 |
Financial Details
Annual Property Tax
$820,600
Tax Year 2026
Assessed Value
$733,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
3,655 sq ft
Lot Size
0.05 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Vinyl, Carpet
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame, Brick
Architecture
None
Roof
Shingle, Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Total Spaces
1
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$820,600
Assessed Value
$733,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Blue
Sq Ft Source
Measured
Documents
None
County
Essex
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,655 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,655 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Vinyl, Carpet
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame, Brick
Roof:
Shingle, Rubber
Foundation:
Block
Stories:
3
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:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
On 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
10 schools
B+
Community Day Charter Public School
0.3 mi
|
#126 of 352
|
Score: 47.1
Dropped 13 spots from last year
-11.2 below state avg
1,198 students
Less Diverse
Strong Attendance
Grades PK-08
F
School for Exceptional Studies
0.4 mi
|
#344 of 346
|
Score: 16.3
Improved 39 spots from last year
-41.9 below state avg
114 students
Less Diverse
Rising School
Grades PK-12
CLASS, Inc.
0.8 mi
Grades K-12
Lawrence Catholic Academy
0.9 mi
Grades PK-08
C
Lawrence Family Development Charter School
1.0 mi
|
#255 of 352
|
Score: 35.9
Dropped 54 spots from last year
-22.3 below state avg
920 students
Less Diverse
Strong Attendance
Grades PK-08
C+
Emily G Wetherbee School
1.3 mi
|
#236 of 352
|
Score: 37.4
Improved 65 spots from last year
-20.8 below state avg
468 students
Less Diverse
Rising School
Strong Attendance
Grades K-08
D
Oliver Elementary School
0.3 mi
|
#762 of 825
|
Score: 31.5
Improved 52 spots from last year
-26.7 below state avg
448 students
Less Diverse
Rising School
Grades K-04
Rollins Early Childhood Center
0.4 mi
139 students
Less Diverse
Grades PK-K
F
Francis M. Leahy School
0.4 mi
|
#812 of 825
|
Score: 25.6
Improved 21 spots from last year
-32.6 below state avg
461 students
Less Diverse
Rising School
Grades PK-04
Lawrence Early Childhood Center
0.6 mi
217 students
Less Diverse
Grades PK-K
Middle Schools
9 schools
Esperanza Academy
0.2 mi
Grades 05-06
F
Oliver Middle School
0.3 mi
|
#346 of 352
|
Score: 24.3
Dropped 28 spots from last year
-33.9 below state avg
466 students
Less Diverse
Grades 05-08
Blessed Stephen Bellesini O.S.A. Academy
0.7 mi
Grades 05-08
C-
Parthum Middle School
0.8 mi
|
#290 of 352
|
Score: 32.4
Dropped 12 spots from last year
-25.8 below state avg
572 students
Less Diverse
Grades 05-08
C-
Arlington Middle School
1.1 mi
|
#313 of 352
|
Score: 30.5
Improved 36 spots from last year
-27.7 below state avg
509 students
Less Diverse
Rising School
Grades 05-08
B+
Spark Academy
1.2 mi
|
#6 of 16
|
Score: 36.3
Improved 270 spots from last year
-21.9 below state avg
570 students
Less Diverse
Rising School
Grades 05-08
C-
Guilmette Middle School
1.3 mi
|
#299 of 352
|
Score: 31.8
Dropped 17 spots from last year
-26.5 below state avg
451 students
Less Diverse
Grades 05-08
D
Alexander B Bruce School
1.4 mi
|
#330 of 352
|
Score: 28.1
Dropped 6 spots from last year
-30.1 below state avg
431 students
Less Diverse
Grades 03-08
C-
Frost Middle School
1.9 mi
|
#304 of 352
|
Score: 31.3
Improved 21 spots from last year
-26.9 below state avg
474 students
Less Diverse
Rising School
Grades 05-08
High Schools
5 schools
B-
RISE Academy
0.2 mi
|
#223 of 346
|
Score: 66.7
Same rank as last year
105 students
Less Diverse
College Ready Curriculum
Grades 06-12
B
Phoenix Academy Public Charter High School, Lawrence
0.2 mi
|
#182 of 346
|
Score: 69.9
Same rank as last year
133 students
Moderate
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
High School Learning Center
0.8 mi
|
#172 of 346
|
Score: 71.1
Same rank as last year
158 students
Less Diverse
Career Tech Programs
College Ready Curriculum
Grades 09-12
Central Catholic High School
0.8 mi
21 sports
• 2,718 athletes
Strong Athletics
Grades 09-12
C
Lawrence High School
1.4 mi
|
#270 of 346
|
Score: 45.3
Improved 37 spots from last year
-12.9 below state avg
3,280 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 Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$68,383
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
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Current Rate
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+0.5% Rate
$0/mo
Cost $0/mo
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
42 Summer Street, Lawrence MA 01840
Lawrence, MA 01840
Listing Information
Listing Agent
Justin Melo
Listing Office
LAER Realty Partners
Office Phone
978-251-8221
Agent MLS ID
CT007602
Office MLS ID
AN1199
Listing Data Updated
Oct 1, 2026 5:07 PM 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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