What is the estimated cap rate for 172-174 Park St, Lawrence, MA 01841?

Based on rent reported on the MLS listing, 172-174 Park St, Lawrence, MA 01841 (4 units) has an estimated 5.60% cap rate at its $1,300,000 list price, assuming $8,800/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 172-174 Park St, Lawrence, MA 01841?

The MLS listing reports about $8,800/month in total rent for a 4-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

48 Days on market

172-174 Park St Lawrence — Photo 1 of 17

$1,300,000

Investment Analysis — 172-174 Park St

Lawrence, MA 01841

Based on rent reported on the MLS listing, a 4-unit multi-family in 01841 carries $8,800/mo in gross rent — about a 5.60% cap rate and $72,852/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,023

Style

4 Family

Built

1910

Owner-occupants and investors take notice! This well-maintained legal 4-family offers four spacious 5-6 room, 3-bedroom apartments, with the owner’s unit to be delivered vacant at closing—a rare opportunity to move right in or lease at market rent. Extensively updated through 2010, the property features a full building sprinkler system, separately metered gas and electric utilities, replacement windows, and low-maintenance vinyl siding. Additional amenities include coin-operated laundry, dedicated tenant storage, a one-car garage with 8+ more off-street parking spots, storage shed, fenced yard with fruit trees & garden area. Strong in-place rental income with all three tenanted units being TAW. Plenty of flexibility for future occupancy or rental adjustments. This is an excellent opportunity for both owner-occupants and investors seeking a well-maintained income property.

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$1,300,000

Annual Taxes$7,404

Parking

Garage1

Off-Street11

Interior Specifications

Total Rooms22

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

HeatingSteam, Natural Gas

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofRubber

FoundationConcrete Perimeter, Stone

ZoningB1

Property & Lot

Acres0.16

SqFt Lot7,000

Lot FeaturesLevel

Amenities & Appliances

Range • Microwave • Refrigerator

Geography

Listing Provided By

Listing Agent: Kim Mulligan

Listing Office: Realty Direct Somerville

MLS® Number: 73555467