Active
1 Days on market
48 Union St Lawrence — Photo 1 of 15

48 Union St Lawrence — Photo 1 of 15

$599,900

48 Union St, Lawrence, MA 01840

Lawrence, MA 01840

Investor Analysis

Beds

4

Baths

3

SqFt

2,048

Style

Multi Family

Built

1900

Welcome to 48 Union Street, a townhome-style two-family property featuring an up-and-down duplex configuration in the heart of Lawrence. Offering two separate residences under one roof, this property provides flexibility for an owner-occupant looking to offset monthly expenses with rental income, an investor seeking a centrally located multifamily asset or buyers in need of independent living spaces. Each unit enjoys its own private living area, creating separation and versatility for a variety of ownership strategies. The property is conveniently positioned near Lawrence-area hospitals, medical offices and healthcare facilities, while also providing easy access to downtown amenities, shopping, dining, public transportation and everyday necessities. With its adaptable layout, central location and income-producing potential, 48 Union Street presents an exciting opportunity to own a multifamily property in one of Lawrence’s most accessible areas.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$293/sqft
Local Avg (Lawrence)$357/sqft
18% BelowMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Lawrence, MA.

Property Details

Financials

Original Price$599,900
Annual Taxes$4,876

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms9
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBrick/Mortar
ZoningB2

Property & Lot

Acres0.05
SqFt Lot2,026
Lot Features--

Geography

Population

8,522

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$42K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

97.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: We Close Deals Team

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73581570

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