Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3-5 Coleman St Lawrence, MA 01843

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $949,900

    Spacious multi-family home built in 2015 with income potential.

    Lot size:
    0.11 Acres

    Property Features for 3-5 Coleman St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Treetop Group
    Source: Elliman

    Listing Agent: Treetop Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Multifamily Home with Income

    This multi-family home, constructed in 2015, offers three levels of living space and income potential. The property contains two units featuring sun-lit rooms, open layouts, and finishes. An upstairs finished attic includes two bedrooms and a full bath. The property includes separate utilities, central AC, off-street parking, and storage. Located in Lawrence, the property is near shops, schools, and commuter routes, offering a blend of charm and future value.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1616
    Latitude
    42.6899

    Nearby Similar for Sale

    • $894,999
      2,438 SF

      Remodeled Duplex with Suite

      Professionally remodeled duplex featuring modern amenities and separate utilities.
      68 Middlebury St, Lawrence, MA 01841
      View Details
    • $600,000
      2,232 SF

      Spacious Two-Family Property in Lawrence

      Two-family property with strong rental income potential in Lawrence, MA.
      27 Exchange St, Lawrence, MA 01841
      View Details
    • $779,900
      2,945 SF

      Spacious Two-Family Home with Updates

      Updated two-family home with finished attic and ample parking.
      27-29 Dorchester St, Lawrence, MA 01843
      View Details
    • $1,250,000
      4,828 SF

      Mixed-Use Building in Lawrence, MA

      Three-story mixed-use building with commercial and residential units.
      324-326 Broadway, Lawrence, MA 01841
      View Details
    • $689,900
      2,042 SF

      Lawrence Multifamily with Updated Features

      Two-family property featuring updated systems and convenient highway access.
      Lawrence, MA 01841
      View Details
    • $890,000
      3,044 SF

      Well-Maintained Three-Family Investment Property

      Three-family property in Lawrence, MA, generating consistent income.
      78-80 Osgood St, Lawrence, MA 01843
      View Details
    • $3,200,000
      17,706 SF

      Lawrence Mixed-Use Multifamily Property

      41-unit mixed-use property with commercial and SRO units.
      82 South Broadway, Lawrence, MA 01843
      View Details
    • $2,175,000

      Turnkey Restaurant & Real Estate

      Established restaurant with real estate, inventory, and liquor license.
      118-124 South Union St, Lawrence, MA 01843
      View Details
    • $689,000

      Spacious Triplex in Tower Hill

      Three-family home in Tower Hill with renovation potential.
      265 Ames St, Lawrence, MA 01841
      View Details
    • $560,000

      Three Condos Investment Portfolio

      Three condo units sold as a package with rental income potential.
      167 Mann St, Lawrence, MA 01841
      View Details
    • $800,000

      Spacious Two-Family Home Investment

      Two-family home with 6 bedrooms, great investment opportunity.
      129-131 Lexington St, Lawrence, MA 01841
      View Details
    • $149,900

      Turnkey Salon & Medspa Business

      Thriving salon and medspa business with loyal client base.
      525 Broadway, Lawrence, MA 01841
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Spacious multi-family home built in 2015 with income potential.
    Where is this multifamily property located?
    The property is located at 3-5 Coleman St Lawrence, MA.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: - Multi-family home built in 2015 with impressive rental income potential.; - Finished attic with **two bedrooms and a full bath**, suitable for an in-law suite or additional income.; - Two generous units with sun-drenched rooms, open layouts, and elegant finishes.
    (978) 475-2111
    Request Owner's contact information
    3-5 Coleman St Lawrence, MA 01843
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3-5 Coleman St
    Lawrence, MA 01843
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3-5 Coleman St Lawrence, MA 01843
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Treetop Group
    (978) 475-2111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.