Welcome to this showcase of pride in ownership multi-family home, built in 2004, boasting three levels of fully finished living space. The large open-concept design creates a spacious and inviting atmosphere in each unit. This property features two main units, each offering 3 bedrooms. The finished basement, features 900 sq ft, includes a 2-bedroom unit, providing additional rental income or living space. Energy efficiency is a highlight with solar panels that cover energy needs for two levels, reducing costs and have a low lease agreement. Each unit is equipped with central air conditioning and heating, with condenser units less than 5 years old, ensuring comfort year-round. The home is suited with a high-end water softener system by Puronics, installed less than 3 years ago, providing superior water quality. In addition, tenants have access to a coin-operated laundry on-site, plenty of parking and proximity to local amenities add to the appeal. Schedule a Showing today!
This listing has been viewed 22 times in the past 44 days
Last Updated: October 11th, 2024 at 8:48am
Walk/jog Trails
Highway Access
House Of Worship
Public School
Shopping
Park
Laundromat
Bike Path
Public Transportation
Private School
Sidewalks
General Information for 131 May St, Lawrence, Massachusetts 01841
Property TypeResidential Income
Property Sub TypeMulti Family
Price$869,900
Price per sqft$270.16
MLS #73293167
Handicap Access / FeaturesYes
List Date2024-09-20
Special Listing ConditionsNo
StateMassachusetts
Street NameMay St
CityLawrence
Zip Code01841
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3220
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress131 May St, Lawrence MA 01841
Zoning
Interior Features for 131 May St, Lawrence, Massachusetts 01841
* Approx. Living Area Total3,220 sq ft
Living Area Includes BasementYes
Bedrooms8
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area DisclosureLegal 2 Bedroom unit garden level.
Living Area Includes BasementYes
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)North Lawrence
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 131 May St, Lawrence, Massachusetts 01841
* Approximate Lot Size0.14 acres
Covered Parking Spaces0
Lot FeaturesGentle Sloping
* Parking Spaces8
* Sewer Utilities
* Water Utilities
* Year Built2004
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)6,098 Sqft
Disclosures for 131 May St, Lawrence, Massachusetts 01841
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintNone
Living Area DisclosureLegal 2 Bedroom unit garden level.
Living Area Includes BasementYes
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 131 May St, Lawrence, Massachusetts 01841
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$57,000
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12500
MLSPIN_RENT22250
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$57,000
OperatingExpense$0
OriginalListPrice$869,900
RENT_FEE_INCLUDESUnit 1(water), Unit 2(electric, Water)
TOTAL_RENT4750
WaterSewerExpense$0
Lifestyle Information for 131 May St, Lawrence, Massachusetts 01841
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 131 May St, Lawrence, Massachusetts 01841
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 131 May St, Lawrence, Massachusetts 01841
MLSPIN_MARKET_TIME_BROKER20
MLSPIN_MARKET_TIME_PROPERTY20
PurchaseContractDate
Agent Information for 131 May St, Lawrence, Massachusetts 01841