Pleased to present 176–178 Bailey Street, a substantial 4-unit multifamily in Lawrence’s Southside neighborhood. The property features three (3) 4-bed/1-bath units and one (1) 5-bed/2-bath loft-style unit, totaling 5,708± sq. ft. of living area and 8,980± sq. ft. gross area on a 0.18-acre lot with off-street parking. Each unit is separately metered for electric, heat, and hot water; landlord responsible for common electric and domestic water/sewer. Recent updates include a brand-new 2025 asphalt shingle roof, newer boilers and water heaters, stainless appliances, and plank flooring. Added amenities include in-unit laundry hookups. Ideally located near the Commuter Rail, I-495, Routes 28 & 114, medical offices, downtown, shopping, and restaurants. With strong rental demand and major improvements, this property offers both stability and upside—an excellent opportunity in one of Lawrence’s most vibrant neighborhoods.
Sold for $1,200,000 on 11/10/25
$1,200,000
176-178 Bailey St, Lawrence, MA 01843
17beds
5,708sqft
4 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$210/sqft
$2,949 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 11, 2025 at 06:15am
Listed by:
Michael Alvarez,
Alvarez Real Estate Group LLC
Bought with:
Michael Alvarez
Alvarez Real Estate Group LLC
Source: MLS PIN,MLS#: 73429257
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Gas Dryer Hookup, Washer Hookup
Features
- Living Room, Dining Room, Kitchen, Laundry Room, Loft
- Flooring: Other
- Basement: Full,Interior Entry,Bulkhead,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 5,708
- Total interior livable area: 5,708 sqft
- Finished area above ground: 5,708
Property
Parking
- Total spaces: 8
- Parking features: Off Street, Tandem
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters, Garden
- Fencing: Fenced
Lot
- Size: 7,840 sqft
- Features: Other
Details
- Parcel number: 4202649
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Foundation: Block
- Roof: Shingle,Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Dryer, Washer Hookup
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
Location
- Region: Lawrence
HOA & financial
Other financial information
- Total actual rent: 7700