24 Lawrence St Fitchburg, MA 01420
MULTI_FAMILY - Fitchburg, MA
Property Features for 24 Lawrence St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3
- Parking
- 1
- Standard status
- Active
- APN
- M:0045 B:0084 L:0,1504109
- Size
- 1,344 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3711
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
Listing agent Claire Ryan (978) 692-3280
Listing office Keller Williams Realty-Merrimack 3 Lan Drive, Suite 300, Westford, MA (978) 692-3280
Listing date May 9, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 24 Lawrence St in Fitchburg, Massachusetts, the home is zoned RB. With the existing second-unit infrastructure already in place, the layout is designed to accommodate multiple living arrangements without requiring the buyer to start from scratch.
For owner-occupants, the configuration can support a single-family lifestyle while preserving the ability to add a second unit later. For investors or landlords, the current setup and documented second-unit readiness provide a straightforward path toward a two-family operation. Overall, it’s a practical fit for buyers looking for residential versatility in a duplex framework, including the option to return the home to a two-unit use under the RB zoning designation.
Key Highlights
- Two‑family property currently used as a single‑family home, with hookups for a second unit to convert back
- Multiple living options for owner‑occupants or investors, including the ability to live in one unit and rent the other
- Year built: 1900
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $19.80 |
| − Vacancy | −$657 | −$0.49 |
| EGI | $26.0k | $19.31 |
| − OpEx | −$7.8k | −$5.79 |
| NOI | $18.2k | $13.52 |
