Horvath & Tremblay Brokers $6.9 Million Sale Of 42-Unit Multifamily Property In Lawrence MA

The property asset involves a 42-unit income-restricted multifamily complex located at 1-14 Prospect Way in Lawrence, MA. The sale price for the transaction was $6,900,000. The property consists of six buildings and presents a value-add opportunity through potential rent increases while adhering to restriction limits. It is strategically located near transit, providing access to Boston.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,900,000
• Units: 42
• Price Per Unit: $164,286
• Date of Transaction: 08/22/2025
• Market: Lawrence, MA
• Brokerage Firm: Horvath & Tremblay
• Broker Representatives: Spencer Norton, Dennis Kelleher & John Pentore

Horvath & Tremblay facilitated the sale of American Woolen Mills, involving key brokers Spencer Norton, Dennis Kelleher, and John Pentore. The transaction underscores the brokerage firm's role in navigating the complexities of the real estate market within the region.