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102-114 Water, 
Lawrence, MA 01841

$5,600,000

27

Beds

27

Baths

27,583

Sq Ft

Multi-Family

Active

Listed by

Bradford Carlson

, 

Bradford Carlson

New England Realty Advisors LLC.

781-334-8044

Last updated:

September 4, 2026, 01:14 AM

MLS#

73562010

Source:

MLSPIN

About This Home

102-114 Water

We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.

Home Facts

Multi-Family

27 Baths

27 Bedrooms

Built in 1900

Price Summary

5,600,000

$203 per Sq. Ft.

MLS #:

73562010

Last Updated:

September 4, 2026, 01:14 AM

Rooms & Interior

Bedrooms

Total Bedrooms:

27

Bathrooms

Total Bathrooms:

27

Full Bathrooms:

27

Interior

Living Area:

27,583 Sq. Ft.

Structure

Structure

Building Area:

27,583 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

19,166

Finances & Disclosures

Finances

Price:

$5,600,000

Price per Sq. Ft:

$203 per Sq. Ft.

Source:MLSPIN
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.