What is the estimated cap rate for 102-114 Water, Lawrence, MA 01841?

Based on rent reported on the MLS listing, 102-114 Water, Lawrence, MA 01841 (27 units) has an estimated 0.12% cap rate at its $5,600,000 list price, assuming $4,700/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 102-114 Water, Lawrence, MA 01841?

The MLS listing reports about $4,700/month in total rent for a 27-unit multi-family in 01841. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

32 Days on market

102-114 Water Lawrence — Photo 1 of 18

$5,600,000

Investment Analysis — 102-114 Water

Lawrence, MA 01841

Based on rent reported on the MLS listing, a 27-unit multi-family in 01841 carries $4,700/mo in gross rent — about a 0.12% cap rate and $6,541/yr in estimated NOI at the $5,600,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

27,583

Style

5-9 Family

Built

1900

We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$5,600,000

Annual Taxes$36,323

Parking

Garage0

Off-Street13

Interior Specifications

Total Rooms99

FireplacesNone

FlooringWood, Vinyl

BasementFull

Climate & Utilities

HeatingBaseboard

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofRubber

FoundationStone

ZoningI-2

Property & Lot

Acres0.44

SqFt Lot19,166

Lot FeaturesCorner Lot

Neighborhood

Public Transportation

Geography

Listing Provided By

Listing Agent: Bradford Carlson

Listing Office: New England Realty Advisors LLC

MLS® Number: 73562010