1910 Triplex with Nine
New
For Sale
$950,000
107 Oxford Street, Lawrence, MA 01841
Fully occupied three-family property offered in as-is condition with three residential units and flexible living space.
Property Size3,608 SF
Lot Size0.11 Acres
Price / SF$263.30
Days on Market3
Property Features for 107 Oxford Street
General Information
Standard status
Active
Size
3,608 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Esther Rousseau, Gmh Realty
Listed By:
The J. Pavao Team
(774) 319-1169
Source:
Topmassachusettsrealtors
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 16 at 5:53PM
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 Esther Rousseau, Gmh Realty
Investment Insights
Based on property information with market context.
Built in 1910, this three-family property at 107 Oxford Street contains 3,608 square feet of living area arranged across three residential units. The building includes nine bedrooms and three full bathrooms, providing a substantial multifamily configuration. The property is being offered in as-is condition and is fully occupied.
The parcel measures 5,000 square feet and is located in Lawrence, Massachusetts. Current rents are described as below average, providing relevant operating context for prospective owners. Initial access is limited to the basement and second-floor unit; the first- and third-floor units are available for viewing after an accepted offer. Tenants should not be disturbed.
The parcel measures 5,000 square feet and is located in Lawrence, Massachusetts. Current rents are described as below average, providing relevant operating context for prospective owners. Initial access is limited to the basement and second-floor unit; the first- and third-floor units are available for viewing after an accepted offer. Tenants should not be disturbed.
Key Highlights
- 3,608 square feet of living space
- Nine bedrooms and three full bathrooms
- Three‑family property with three residential units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,781
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,215,620
$1.2M
Cap Rate 7%
$868,300
$868.3K
Cap Rate 9%
$675,344
$675.3K
Market Conditions
NOI Build-Up for 3,608 SF
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.
Gross rent
$90.9K $25.20/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$86.8K $24.07/SF
− OpEx
−$26.0K −$7.22/SF
NOI
$60.8K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,215,620
Cap Rate 7%
$868,300
Cap Rate 9%
$675,344
Alternative Uses
Best Use
Multifamily LT 5
$868.3K
$759.8K – $1.01M
NOI $60,781 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$783.8K
$685.8K – $914.4K
NOI $54,865 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,515 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,960
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-family property offered in as-is condition with three residential units and flexible living space.
Where is this triplex located?
The property is located at 107 Oxford Street Lawrence, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,608 square feet of living space; Nine bedrooms and three full bathrooms; Three‑family property with three residential units
