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INVESTMENT SNAPSHOT
About this property
Welcome to 48 Union Street, a townhome-style two-family property featuring an up-and-down duplex configuration in the heart of Lawrence. Offering two separate residences under one roof, this property provides flexibility for an owner-occupant looking to offset monthly expenses with rental income, an investor seeking a centrally located multifamily asset or buyers in need of independent living spaces. Each unit enjoys its own private living area, creating separation and versatility for a variety of ownership strategies. The property is conveniently positioned near Lawrence-area hospitals, medical offices and healthcare facilities, while also providing easy access to downtown amenities, shopping, dining, public transportation and everyday necessities. With its adaptable layout, central location and income-producing potential, 48 Union Street presents an exciting opportunity to own a multifamily property in one of Lawrence’s most accessible areas.
Property details
| Units | 2 |
| Living area | 2,048 sqft |
| Lot size | 2,026 sqft |
| Year built | 1900 |
| Price / sqft | $293 |
| County | Essex |
| MLS # | 73581570 |
Listing status
| Days on market | 0 days |
| Listed on | September 23, 2026 |
Taxes & financials
| Annual property tax | $4,876 |
| Tax year | 2026 |
| Assessed value | $564,400 |
| Zoning | B2 |
| Gross income (actual) | $56,160/yr |
| Net operating income (actual) | $56,160/yr |
| Total actual rent | $4,680/mo |
Building & lot
| Stories | 2 |
| Total rooms | 9 |
| Lot size | 0.05 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Basement | Full |
| Foundation | Brick/Mortar |
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 48 Union St, Lawrence MA 01840 have?
It is a 2-unit multi-family property with 2,048 sqft of living area, built in 1900.
How long has 48 Union St, Lawrence MA 01840 been on the market?
48 Union St, Lawrence MA 01840 has been listed for 0 days (since September 23, 2026).
What is the price per unit?
At a list price of $599,900 across 2 units, that works out to roughly $299,950 per unit.
What are the property taxes on 48 Union St, Lawrence MA 01840?
Annual property taxes are $4,876 (2026), on an assessed value of $564,400.
What is the price per square foot?
At $599,900 for 2,048 sqft, that's about $293 per square foot.
Is there parking?
2 total parking spaces.
Where is this property located?
48 Union St, Lawrence MA 01840 is in Lawrence, Essex County, MA 01840.
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