R-3 Multifamily
For Sale
$1,125,000
106-110 Tremont St, Lawrence, MA 01841
The property combines a multifamily layout with R-3 zoning in an established residential setting.
Property Size4,192 SF
Price / SF$268.37
Days on Market129
Property Features for 106-110 Tremont St
General Information
Standard status
Active
Size
4,192 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
R-3
Taxes and HOA fees
Annual Taxes
$6,451
Building Details
Building Size
4,192 SF
Year Built
1900
Stories
4
Listing Agency:
Liriano Realty
(617) 685-1515
Listed By:
Daysi Quiles · License #456013798
(978) 242-4684
Source:
Churchillprop
Added: Jun 9
Changed: Oct 6
Last Checked: Oct 14 at 8:42PM
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 Liriano Realty
Investment Insights
Based on property information with market context.
Located at 106-110 Tremont St in Lawrence, Massachusetts, this multifamily property contains 4,192 square feet of living area. The building dates to 1900 and is configured for residential occupancy across its substantial interior footprint.
R-3 zoning is associated with the property, providing an important land-use designation for evaluating its multifamily profile. The address and building scale offer a clear basis for reviewing residential income-property use within Lawrence.
R-3 zoning is associated with the property, providing an important land-use designation for evaluating its multifamily profile. The address and building scale offer a clear basis for reviewing residential income-property use within Lawrence.
Key Highlights
- 4,192 square feet of living area
- R‑3 zoning designation
- Building constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,745
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,900
$1.3M
Cap Rate 7%
$910,643
$910.6K
Cap Rate 9%
$708,278
$708.3K
Market Conditions
NOI Build-Up for 4,192 SF
Gross rent
$120.7K $28.80/SF
− Vacancy
−$4.8K −$1.15/SF
EGI
$115.9K $27.65/SF
− OpEx
−$52.2K −$12.44/SF
NOI
$63.7K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,900
Cap Rate 7%
$910,643
Cap Rate 9%
$708,278
Alternative Uses
Best Use
Apartment 5plus
$910.6K
$796.8K – $1.06M
NOI $63,745 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,715 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 01841, MA
53,654
Population
17,546
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
3.0 sq mi
ZIP Area
17,885
Density / Sq Mi
$54,525
Median Household Income
$34,741
Median Earnings
$1,565
Median Rent
$393,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The property combines a multifamily layout with R-3 zoning in an established residential setting.
Where is this multifamily property located?
The property is located at 106-110 Tremont St Lawrence, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 4,192 square feet of living area; R‑3 zoning designation; Building constructed in 1900
