12 Oakland Lawrence — Photo 1 of 33
$599,000
Investment Analysis — 12 Oakland
Lawrence, MA 01843
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01843 carries an estimated $2,870/mo in gross rent — about a 3.72% cap rate and $22,264/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,005
Style
Single Family
Built
1962
Move-in ready ranch in Mont Vernon, on the Andover line. The big work is done. New in the past year: Mitsubishi heat pump for heating and cooling, new insulation, and a water filtration system. Fireplaced living room, four-season porch, kitchen with granite counters and solid wood cabinets. Three bedrooms and a full bath on the main floor. Finished lower level with a full bath and room for a family room or home office, plus good storage. Fenced yard with deck and patio. Four parking spaces. City water and sewer. Quick access to 495 and 93.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 503 sq ft (the lesser of 900 sq ft or half the 1,005 sq ft principal dwelling). Lot size: 6,336 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Fermin Group
Listing Office: Century 21 North East
MLS® Number: 73569936