Lawrence, MA Spencer Norton of Horvath & Tremblay has completed the sale of two multifamily properties for just over $2 million.
279-289 Park St., which consists of 11-units, closed for $1.085 million. 202-204 Lawrence St. sold for $937,000 and consisted of six-units.
279-289 Park St. contains 11 units comprised of nine, two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. The property contains 8,720 s/f of livable space in 11,600 gross s/f on a 0.15-acre corner lot.
202-204 Lawrence St. contains six units comprised of three four-bedroom/one-bathroom units and three three-bedroom/one-bathroom units. The property contains 8,166 s/f of livable space in 10,936 gross s/f on a 0.10-acre corner lot.
Both properties’ locations provide access to the area’s major highways – Rte. 28, I-93 and I-495.
The Lawrence Commuter Rail Station, providing train service to Boston, is located within 1.7 miles from both Park and Lawrence.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and