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About this property
Known as the “Bay State Building”, 11-21 Lawrence Street occupies a full city block in the heart of Lawrence’s vibrant downtown. The Property features thirty-nine (39) total units, comprised of thirty two (32) residential units on floors two through four and seven (7) street level commercial units with Chase Bank being the anchor tenant. Chase Bank signed a brand new 10-year lease in 2022 with four (4) 5-year renewal options and attractive rent increases throughout the primary term and renewal options. The Property occupies floors 1-4 of the iconic 8 floor, elevator serviced building in downtown Lawrence. Floors 1-4 feature 60,243 square feet of gross living area and 76,212 square feet of gross area. The Property is comprised of thirty-nine (39) total units, featuring seven (7) Commercial units, while the residential units are comprised of four (4) 3+Bedroom/1.5-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, three (3) 2+ Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 1-Bedroom/1-Bathroom units, and two (2) Studio units. Tenants are responsible for separately metered utilities. The Landlord is responsible for providing city water & sewer. *Total Monthly Rent is $75,105, exceeding the max allowed by MLS.*
Property details
| Units | 39 |
| Living area | 60,243 sqft |
| Lot size | 6,969 sqft |
| Year built | 1905 |
| Price / sqft | $110 |
| County | Essex |
| MLS # | 73591823 |
Listing status
| Days on market | 0 days |
| Listed on | October 16, 2026 |
Taxes & financials
| Annual property tax | $60,594 |
| Tax year | 2026 |
| Assessed value | $5,418,200 |
| Zoning | B3 |
| Gross income (actual) | $930,504/yr |
| Net operating income (actual) | $534,849/yr |
| Total actual rent | $32,767/mo |
Building & lot
| Stories | 5 |
| Total rooms | 99 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Foundation | Other |
| Roof | Rubber |
Utilities & systems
| Heating | Electric |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lawrence →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 11-21 Lawrence Street, Lawrence MA 01840 have?
It is a 39-unit multi-family property with 60,243 sqft of living area, built in 1905.
How long has 11-21 Lawrence Street, Lawrence MA 01840 been on the market?
11-21 Lawrence Street, Lawrence MA 01840 has been listed for 0 days (since October 16, 2026).
What is the price per unit?
At a list price of $6,600,000 across 39 units, that works out to roughly $169,231 per unit.
What are the property taxes on 11-21 Lawrence Street, Lawrence MA 01840?
Annual property taxes are $60,594 (2026), on an assessed value of $5,418,200.
What is the price per square foot?
At $6,600,000 for 60,243 sqft, that's about $110 per square foot.
Where is this property located?
11-21 Lawrence Street, Lawrence MA 01840 is in Lawrence, Essex County, MA 01840.
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