176-178 Bailey St

$1,200,000
Last Sold Price
17
Beds
5,708 Sq. Ft.
$210 / Sq. Ft.
5,708
Sq. Ft.
$210
per Sq. Ft.

Description

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...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.
  1. Listed by Michael Alvarez • Alvarez Real Estate Group LLC

Property Details for 176-178 Bailey Street

Town
Lawrence
MLS Area
South Lawrence
Area
MA-Lawrence-South Lawrence, MA-Lawrence
Style
Garden
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8
LISTING UPDATED: 11/11/2025 09:15 AM

Property Details for 176-178 Bailey Street

StatusSold
MLS #73429257
Days on Market26
Taxes$7,402 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1900
CountyEssex County

Location

Listing Courtesy of Alvarez Real Estate Group LLC, Michael Alvarez

Sold By Alvarez Real Estate Group LLC, Michael Alvarez

Add your commute

Building Information for 176-178 Bailey Street

Stories5Residences4Year Built1900Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$6,546 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,930

Property Taxes

$617

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 176-178 Bailey Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other (See Remarks)
  • Current Financing: Conv. Fixed
  • Living Area: 5708.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Basement Features: Full, Interior Access, Bulkhead, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Other
  • Interior Features: Living Room, Dining Room, Kitchen, Laundry Room, Loft
  • Interior Features: Window AC
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • SpaYN: No
Exterior Features
  • Exterior Features: Rain Gutters, Garden
  • Exterior Features: Fenced Yard, Garden Area, Porch
  • Fencing: Fenced
  • Lot Description: Other
  • Patio And Porch Features: Porch
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Property to be sold in as-is condition.
Tax Information
  • Tax ID: 4202649
  • Assessments: $841,100
  • Book: 14928
  • Tax Year: 2025
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 17
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Block
  • Levels: 5
Income / Expenses
  • Annual Expenses Source: Estimated, Owner, Other (See Remarks)
  • GOI: $92,400.00
  • GRE: $25,819
  • NOI: $66,580.00
  • Operating Expense: $25,819.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $7,700.00

Property History for 176-178 Bailey Street

DateEvent & SourcePriceAppreciation
Nov 10, 2025

Sold

MLS PIN #73429257

$1,200,000
Sep 19, 2025

Under Agreement

MLS PIN #73429257

Sep 19, 2025

Contingent

MLS PIN #73429257

Sep 10, 2025

Listed (Active)

MLS PIN #73429257

$1,250,000
Dec 21, 2016

Sold (Public Record)

Public Record #585821250

$430,000
Dec 19, 2016

Sold

MLS PIN #72087711

$430,000
Nov 1, 2016

Under Agreement

MLS PIN #72087711

Nov 1, 2016

Contingent

MLS PIN #72087711

Oct 31, 2016

Listed (Active)

MLS PIN #72087711

$430,000
DateEvent & SourcePrice
11/10/2025

Sold

MLS PIN #73429257

$1,200,000
09/19/2025

Under Agreement

MLS PIN #73429257

09/19/2025

Contingent

MLS PIN #73429257

09/10/2025

Listed (Active)

MLS PIN #73429257

$1,250,000
12/21/2016

Sold (Public Record)

Public Record #585821250

$430,000
12/19/2016

Sold

MLS PIN #72087711

$430,000
11/01/2016

Under Agreement

MLS PIN #72087711

11/01/2016

Contingent

MLS PIN #72087711

10/31/2016

Listed (Active)

MLS PIN #72087711

$430,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 176-178 Bailey Street

Taxable ValueLand$129,500Additions$698,500Total$828,000
Tax Record2024$7,659 ($638 / month)
Home Facts
Baths4Total Finished SqFt5,708 SqFtAbove Grade Finished SqFt5,708 SqFtStories2Lot Size7,785 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyESSEXAPNLAWR M:0082 B:0000 L:0062

Schools near 176-178 Bailey Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
School For Exceptional Studies
PublicPK to 12

South Lawrence East Elementary School
Public1 to 5

Spark Academy
Public6 to 8

Phoenix Academy Lawrence
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Alvarez Real Estate Group LLC, Michael Alvarez

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.