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4 Monroe St Lawrence — Photo 1 of 42

4 Monroe St Lawrence — Photo 1 of 42

$550,000

Investment Analysis — 4 Monroe St

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 3.94% cap rate and $21,680/yr in estimated NOI at the $550,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,560

Style

Single Family

Built

1958

This is the one you’ve been waiting for! Beautifully updated and lovingly maintained, this inviting Mount Vernon Ranch is ready for its next chapter. Enjoy easy single-level living featuring a beautifully updated kitchen with marble countertops and new stainless-steel appliances. Refinished hardwood flooring throughout the main level, most of the main level. The spacious dining and living rooms are open and connected, with the living room offering a stunning bow window, fireplace, and hardwood floors. Three nicely sized bedrooms, a full bath, and a charming heated enclosed porch complete the main level. The full basement offers additional possibilities and flexible space, storage, laundry, a half bath, and access to the attached one-car garage. Enjoy the fenced backyard, perfect for entertaining, relaxing, and your furry friends! Updates include NEW kitchen, NEW bathroom, NEW shed, lower-level renovations, NEW coated & extended driveway, newer roof (2022), 2018 heating/hot water system & electrical panel, newer garage door, chimney, vinyl siding & windows. Plenty of off-street parking. Conveniently located near schools, shopping, public transportation, parks, and highways!

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: 780 sq ft (the lesser of 900 sq ft or half the 1,560 sq ft principal dwelling). Lot size: 9,246 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.

Open Houses

Property Details

Financials

Original Price$550,000
Annual Taxes$4,494

Parking

Garage1
Off-Street9

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Laminate, Hardwood
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Garage Access, Concrete

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.21
SqFt Lot9,246
Lot Features--

Amenities & Appliances

Gas Water Heater • Range • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Basement
Bathroom 2
Main,First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl Main,First

21.7 x 13

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

16.4 x 14.5

Flooring - Hardwood, Window(s) - Picture, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Kitchen
Lvl Main,First

13 x 12

Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Master Bedroom
Lvl Main,First

13.5 x 12.7

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Main,First

10.2 x 9

Bedroom 3
Lvl Main,First

12 x 10.2

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl Main,First

10.2 x 7.1

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Remodeled, Lighting - Overhead

Bathroom 2
Lvl Basement

Bathroom - Half

Listing Provided By

Listing Agent: Kassia Silva

Listing Office: REMAX Executive Realty

MLS® Number: 73573016