What is the estimated cap rate for 30-32 Washington St, Lawrence, MA 01841?

Based on rent reported on the MLS listing, 30-32 Washington St, Lawrence, MA 01841 (2 units) has an estimated 2.53% cap rate at its $720,000 list price, assuming $2,500/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 30-32 Washington St, Lawrence, MA 01841?

The MLS listing reports about $2,500/month in total rent for a 2-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

18 Days on market

30-32 Washington St Lawrence — Photo 1 of 37

$720,000

Investment Analysis — 30-32 Washington St

Lawrence, MA 01841 — North Lawrence

Based on rent reported on the MLS listing, a 2-unit multi-family in 01841 carries $2,500/mo in gross rent — about a 2.53% cap rate and $18,242/yr in estimated NOI at the $720,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,424

Style

2 Family - 2 Units Side by Side

Built

1880

Great opportunity to own a spacious 2-family side-by-side in North Lawrence. Each unit has its own layout, great for an owner-occupant looking for rental income or an investor adding to their portfolio. Both units have updated kitchen cabinets and updated bathrooms, hot water baseboard heat, and cable ready. Roof is less than 4 years old. Quiet one-way street, fenced-in backyard, vinyl siding. Close to Route 495, Route 93, and tax-free shopping in New Hampshire. Priced to sell. With its generous living area and thoughtful layout, this multi-family residence provides a versatile foundation for a variety of living situations. Schedule a viewing to discover the full potential of this distinctive 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$720,000

Annual Taxes$4,558

Parking

Garage0

Off-Street0

Interior Specifications

Total Rooms12

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

HeatingBaseboard, Natural Gas

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionStone

RoofShingle

FoundationConcrete Perimeter

ZoningR-3

Property & Lot

Acres0.09

SqFt Lot3,985

Lot Features--

Geography

Listing Provided By

Listing Agent: Nicolas Corteggiano

Listing Office: Century 21 North East

MLS® Number: 73568057