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About this property
159 S Union St contains nine (9) total units, comprised of seven (7), 3-Bedroom/1-Bathroom units and two street-level commercial units with 11,280 square feet of gross living area in 15,000 square feet of gross area. Both commercial units are occupied by Hayes Tavern, who recently signed a brand-new lease. The Property is situated on a 0.16-acre parcel and features seven (7) off-street parking spaces. The Property is separately metered for gas powered heat & hot water, as well as individually metered electricity, which tenants pay directly. The Landlord is responsible for providing domestic water and sewer, which they pay directly. 159 South Union Street is strategically located in South Lawrence, providing strong urban visibility within a well-established neighborhood and convenient access to local amenities. The Property is situated in a highly walkable area with numerous retailers, services, and community amenities.
Property details
| Units | 9 |
| Living area | 11,280 sqft |
| Lot size | 6,969 sqft |
| Year built | 1930 |
| Price / sqft | $175 |
| County | Essex |
| MLS # | 73534642 |
Listing status
| Days on market | 27 days |
| Listed on | June 11, 2026 |
Taxes & financials
| Annual property tax | $13,921 |
| Tax year | 2026 |
| Assessed value | $1,234,400 |
| Zoning | B2 |
| Gross income (actual) | $232,800/yr |
| Net operating income (actual) | $181,029/yr |
| Total actual rent | $22,350/mo |
Building & lot
| Stories | 5 |
| Total rooms | 37 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 7 |
| Parking | Off Street |
| Foundation | Other |
| Roof | Rubber |
Utilities & systems
| 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 159 S Union Street, Lawrence MA 01843 have?
It is a 9-unit multi-family property with 11,280 sqft of living area, built in 1930.
How long has 159 S Union Street, Lawrence MA 01843 been on the market?
159 S Union Street, Lawrence MA 01843 has been listed for 27 days (since June 11, 2026).
What is the price per unit?
At a list price of $1,975,000 across 9 units, that works out to roughly $219,444 per unit.
What are the property taxes on 159 S Union Street, Lawrence MA 01843?
Annual property taxes are $13,921 (2026), on an assessed value of $1,234,400.
What is the price per square foot?
At $1,975,000 for 11,280 sqft, that's about $175 per square foot.
Is there parking?
7 total parking spaces (off street).
Where is this property located?
159 S Union Street, Lawrence MA 01843 is in Lawrence, Essex County, MA 01843.
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