Updated Two-Family Home in
11 Cambridge Street, Lawrence, MA 01843
Updated two-family home with income potential and convenient location.
Type:Multi-family / 2 Family - 2 Units Up/Down
Property size:
2,550 SFPrice / SF:
$286/SF- Added:
- Mar 26, 2026
- Days on Market:
- 69
- Last Refresh:
- Mar 26 at 8:20 pm
Property Features for 11 Cambridge Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1905
Listing agent Yohel Pena License #9569924 (978) 655-3016
Listing office Home Shop Properties, Inc. (978) 655-3016
Listing date Mar 26, 2026
Source Compass
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 Home Shop Properties, Inc.
HighLights
- Two‑family home ideal for investors or owner‑occupants with strong income potential.
- Updated and well‑maintained property with flexible living space.
- Unit 1 features a bonus room usable as an additional bedroom.
- Energy‑efficient with solar panels.
- Rare 5 off‑street parking spots.
- Convenient location with easy access to local businesses, schools, and major highways (I‑495 and I‑93).
Overview
Located in Lawrence, this updated and well-maintained two-family home is suitable for investors or owner-occupants. Each unit features two bedrooms. Unit 1 includes a bonus room that can be used as an additional bedroom. The property includes a partially finished basement. Solar panels enhance energy efficiency. There are five off-street parking spots available. The property offers convenient access to local businesses, schools, and major highways, including I-495 and I-93, facilitating commuting throughout the Merrimack Valley and beyond. The property size is 2550 square feet.
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 | $64.3k | $25.20 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $61.4k | $24.07 |
| − OpEx | −$18.4k | −$7.22 |
| NOI | $43.0k | $16.85 |
2,550 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,671 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1562473
- Latitude
- 42.6931509
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated two-family home with income potential and convenient location.
Where is this duplex located?
The property is located at 11 Cambridge Street Lawrence, MA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Two‑family home ideal for investors or owner‑occupants with strong income potential.; Updated and well‑maintained property with flexible living space.; Unit 1 features a bonus room usable as an additional bedroom.
