New Construction
For Sale
$874,900
11 Beacon St, Lawrence, MA 01843
Two separate residences provide flexibility for owner occupancy or continued rental use.
Property Size2,356 SF
Price / SF$371.35
Days on Market9
Property Features for 11 Beacon St
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,334
Amenities
balcony
off-street parking
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Jessica Duran
(978) 902-3873
Source:
Exprealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 15 at 12:44AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This newly built duplex contains two residences, each with two bedrooms and one bathroom, and features contemporary finishes and new building systems. An 8-foot basement has two points of entry, while a third-level bonus area offers space that may be finished in the future, subject to verification with the City of Lawrence. A balcony and off-street parking serve the property.
The property is in Lawrence, with access to Route 93. Both residences have tenants in place, providing an established rental setup.
The property is in Lawrence, with access to Route 93. Both residences have tenants in place, providing an established rental setup.
Key Highlights
- Newly constructed duplex with 2,356 square feet
- Two units, each with 2 bedrooms and 1 bathroom
- Basement has 8‑foot ceilings and two entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,690
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,800
$793.8K
Cap Rate 7%
$567,000
$567.0K
Cap Rate 9%
$441,000
$441.0K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$59.4K $25.20/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$56.7K $24.07/SF
− OpEx
−$17.0K −$7.22/SF
NOI
$39.7K $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 Rate 5%
$793,800
Cap Rate 7%
$567,000
Cap Rate 9%
$441,000
Alternative Uses
Best Use
Multifamily LT 5
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 01843, MA
28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide flexibility for owner occupancy or continued rental use.
Where is this duplex located?
The property is located at 11 Beacon St Lawrence, MA.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Newly constructed duplex with 2,356 square feet; Two units, each with 2 bedrooms and 1 bathroom; Basement has 8‑foot ceilings and two entrances
