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$5,600,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 27 Units
  • 27 Total Beds
  • 0.44 Acres
  • Updated 6 hours ago
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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.

Full Property Details for 102-114 Water

General

  • Price: $5,600,000
  • Taxes: $36,323 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73562010
  • Updated: Today (8/11/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 27
  • Full Bathrooms: 27

Bedrooms

  • Total Bedrooms: 27

Parking

  • Parking Features: Off Street, On Street

Location

  • County: Essex

Structural Information

  • Basement: Yes
  • Stories/Levels: 3
  • Square Feet: 27,583
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.44

Financial Considerations

  • Tax Amount: $36,323
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 4208327

Listed by New England Realty Advisors LLC, Bradford Carlson

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Listing agent

— 102-114 Water —

  • Bradford Carlson

    New England Realty Advisors LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 102-114 Water

School District:Lawrence School District
NameGradesDistance
Gerard A. Guilmette
80 Bodwell Street, Lawrence, MA 01841
2-40.3 mi
Guilmette Middle School
80 Bodwell Street, Lawrence, MA 01841
5-80.3 mi
Lawrence Family Public Academy
526 Lowell Street, Lawrence, MA 01841
PK-K0.6 mi
Lawrence High School, Lawrence, MA
70-71 North Parish Road, Lawrence, MA 01843
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 102-114 Water Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/11/2026
Listed
$5,600,000
47.37%
MLS
2/29/2024
Sold
$3,800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 102-114 Water

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,334
-4%
$3,788,000
1%
2024
$34,552
5%
$3,735,400
16%
2023
$32,756
-3%
$3,224,000
9%
2022
$33,690
8%
$2,944,900
16%
2021
$31,084
3%
$2,533,300
5%
2020
$30,046
15%
$2,417,200
26%
2019
$26,164
-1%
$1,912,600
4%
2018
$26,380
10%
$1,842,200
18%
2017
$23,924
2%
$1,559,600
3%
2016
$23,446
5%
$1,511,700
2%
2015
$22,427
4%
$1,483,300
8%
2014
$21,465
—
$1,375,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 102-114 Water

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by New England Realty Advisors LLC, Bradford Carlson

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102-114 Water, Lawrence, MA 01841 (MLS# 73562010) is a Multi-Family property with 27 units containing 27 bedrooms and 27 full bathrooms. 102-114 Water is currently listed for $5,600,000 and was received on August 11, 2026. Want to learn more about 102-114 Water? Do you have questions about finding other Multi-Family real estate for sale in Lawrence? You can browse all Lawrence real estate or contact a Coldwell Banker agent to request more information.

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