Building Details

Stories 2

Listing Agency: eXp Realty LLC Show Phone

Listed By: Yanilsa Nunez Show Phone

Source: Exprealty

Added: Aug 31 Changed: Oct 1 Last Checked: Oct 21 at 1:37AM

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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

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Investment Insights

Based on property information with market context.

This duplex property in Lawrence, Massachusetts, contains approximately 2,320 square feet of living area arranged across two levels. The home includes five bedrooms and two full bathrooms, supporting a two-family residential configuration with adaptable interior space.

The property occupies a 5,000-square-foot lot at 12 Warren St, providing both indoor living area and exterior grounds. Its two-level design and bedroom count offer a practical layout for a multifamily owner-occupant or residential income property, subject to the applicable use and occupancy requirements.

Key Highlights

• Two‑family duplex configuration
• Approximately 2,320 square feet of living space
• Five bedrooms and two full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,083

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$781,660 $781.7K

Cap Rate 7%

$558,329 $558.3K

Cap Rate 9%

$434,256 $434.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,320 SF

Gross rent

$58.5K $25.20/SF

− Vacancy

−$2.6K −$1.13/SF

EGI

$55.8K $24.07/SF

− OpEx

−$16.7K −$7.22/SF

NOI

$39.1K $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%

$781,660

Cap Rate 7%

$558,329

Cap Rate 9%

$434,256

Alternative Uses

Best Use

Multifamily LT 5

$558.3K

$488.5K – $651.4K (±1% cap)

NOI $39,083 @ 7.0% cap · market cap 5.21%

Second Best

Apartment 5plus

$504.0K

$441.0K – $588.0K (±1% cap)

NOI $35,279 @ 7.0% cap · market cap 4.70%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,140 @ 7.0% cap · market cap 12.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

808

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-level residential configuration with flexible living space and outdoor lot area.

Where is this duplex located?

The property is located at 12 Warren St Lawrence, MA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Two‑family duplex configuration; Approximately 2,320 square feet of living space; Five bedrooms and two full bathrooms