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INVESTMENT SNAPSHOT
About this property
Exceptional owner-occupied or investment opportunity in South Lawrence this 2-family property is conveniently located near shopping, highways, medical facilities, and local amenities. Situated on a nearly 7,000 sq. ft. fenced and paved lot, the property offers ample off-street parking, green area, a large detached garage, and potential buildable lot opportunity (buyer to perform due diligence). Recent updates include solar panels installed in 2025 providing energy savings for the owner and first-floor occupants, a Puronics water filtration system installed in 2023, as well as two new gas furnaces installed by Colombia Gas in 2018. Additional features include finished basement storage space and shared laundry access. Both units offer 2 bedrooms, 1 full bath, with an open living and dining area. Showings begin at Open House on 5/30. Sale subject to seller securing suitable housing.
Property details
| Units | 2 |
| Living area | 1,720 sqft |
| Lot size | 6,918 sqft |
| Year built | 1910 |
| Price / sqft | $389 |
| County | Essex |
| MLS # | 73525828 |
Listing status
| Days on market | 4 days |
| Listed on | May 28, 2026 |
Taxes & financials
| Annual property tax | $4,927 |
| Tax year | 2025 |
| Assessed value | $559,900 |
| Zoning | R2 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 2 |
| Total rooms | 9 |
| Lot size | 0.16 acres |
| Garage spaces | 2 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Partially Finished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame, Stone |
| Flooring | Vinyl |
Utilities & systems
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup |
| Appliances | Range, Refrigerator |
Location
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Listing courtesy of eXp Realty — Michelle Silverio. 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 191 Farnham St, Lawrence MA 01843 have?
It is a 2-unit multi-family property with 1,720 sqft of living area, built in 1910.
How long has 191 Farnham St, Lawrence MA 01843 been on the market?
191 Farnham St, Lawrence MA 01843 has been listed for 4 days (since May 28, 2026).
What is the estimated cap rate on this 2-family in Lawrence?
Based on area median rents, the estimated cap rate is about 4.3%, with a Signal Score of 76/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $669,900 across 2 units, that works out to roughly $334,950 per unit.
What are the property taxes on 191 Farnham St, Lawrence MA 01843?
Annual property taxes are $4,927 (2025), on an assessed value of $559,900.
What is the price per square foot?
At $669,900 for 1,720 sqft, that's about $389 per square foot.
Is there parking?
2 garage spaces and 5 total parking spaces (paved drive, off street, paved).
Where is this property located?
191 Farnham St, Lawrence MA 01843 is in Lawrence, Essex County, MA 01843.
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