6-Unit Apartment
10 Kempton Court Lawrence, MA 01841
10 Kempton Court, Lawrence, MA, 01841
$1,500,000
For Sale
$1,500,000
Well-maintained 6-unit multifamily with all units featuring 2 bedrooms and resident-paid utilities.
Property Size5,576 SF
Price / SF$269.01
Days on Market84
Property Features for 10 Kempton Court
General Information
- Standard status
- Active
- Size
- 5,576 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty - Andovers/Readings Regional
Listed by
Miguel Feliz
(508) 287-2695
Source
Demakis
Added: May 1 Updated: Jul 22 at 1:55PM Checked: Jul 22 at 1:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Andovers/Readings Regional
Investment Insights
Based on property information with market context.
This well-maintained 6-unit apartment building offers consistent unit configuration, with all six units featuring 2 bedrooms. Tenants pay their own utilities. The property includes a clean basement, ample parking across front and side lots, and deleading certificates on file.
The building is situated on a quiet dead-end street. Reported building improvements include a newer roof approximately 8 years old, a sprinkler system already in place, and updated water heaters installed in 2018, 2019, 2020, 2020, 2023, and 2025.
With multiple recent water-heater replacements and ongoing maintenance items documented, the property is presented as a ready-to-operate income asset.
The building is situated on a quiet dead-end street. Reported building improvements include a newer roof approximately 8 years old, a sprinkler system already in place, and updated water heaters installed in 2018, 2019, 2020, 2020, 2023, and 2025.
With multiple recent water-heater replacements and ongoing maintenance items documented, the property is presented as a ready-to-operate income asset.
Key Highlights
- Well‑maintained 6‑unit multifamily built in 1920, with all six units featuring 2 bedrooms
- Tenants pay their own utilities, helping keep owner expenses low
- Roof is approximately 8 years old
Local Financial Insights For Apartment 5plus
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 | $160.6k | $28.80 |
| − Vacancy | −$6.4k | −$1.15 |
| EGI | $154.2k | $27.65 |
| − OpEx | −$69.4k | −$12.44 |
| NOI | $84.8k | $15.21 |
5,576 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,791 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,068 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit multifamily with all units featuring 2 bedrooms and resident-paid utilities.
Where is this apartment building located?
The property is located at 10 Kempton Court Lawrence, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Well‑maintained 6‑unit multifamily built in 1920, with all six units featuring 2 bedrooms; Tenants pay their own utilities, helping keep owner expenses low; Roof is approximately 8 years old
