Triplex with Two-Car
For Sale
$925,000
122 Lawrence, Clinton, MA 01510
R1-zoned property with three separate living units and garage parking.
Property Size3,327 SF
Lot Size0.27 Acres
Price / SF$278.03
Days on Market92
Property Features for 122 Lawrence
General Information
Standard status
Active
Size
3,327 SF
Total Parking Spaces
2
Lot size
0.27 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty - Leominster
Listed By:
Nicole Glover · License #9562170
(508) 451-2688
Source:
Inrealtyinc
Added: Jul 16
Changed: Oct 13
Last Checked: Oct 12 at 9:05PM
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 Coldwell Banker Realty - Leominster
Investment Insights
Based on property information with market context.
This 3,327-square-foot triplex, built in 1920, contains 8 bedrooms and 3 full bathrooms across three distinct units. The layout includes a third residence above the garage with 3 bedrooms, while built-in features and period architectural details add character throughout. A two-car garage provides enclosed parking, and the property occupies an 11,609-square-foot lot.
Located at 122 Lawrence in Clinton, Massachusetts, the property carries R1 zoning. The same family has owned it for almost 50 years, providing a documented history of long-term ownership. Its unit configuration, bedroom count, garage, and substantial lot create a clearly defined multifamily asset with varied living areas.
Located at 122 Lawrence in Clinton, Massachusetts, the property carries R1 zoning. The same family has owned it for almost 50 years, providing a documented history of long-term ownership. Its unit configuration, bedroom count, garage, and substantial lot create a clearly defined multifamily asset with varied living areas.
Key Highlights
- Three‑unit multifamily property with 8 bedrooms and 3 full bathrooms
- 3,327 square feet of property size on an 11,609‑square‑foot lot
- Third unit positioned above the garage includes 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,973
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,460
$899.5K
Cap Rate 7%
$642,471
$642.5K
Cap Rate 9%
$499,700
$499.7K
Market Conditions
NOI Build-Up for 3,327 SF
Gross rent
$65.9K $19.80/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$64.2K $19.31/SF
− OpEx
−$19.3K −$5.79/SF
NOI
$45.0K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,460
Cap Rate 7%
$642,471
Cap Rate 9%
$499,700
Alternative Uses
Best Use
Multifamily LT 5
$642.5K
$562.2K – $749.6K
NOI $44,973 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$559.1K
$489.2K – $652.3K
NOI $39,139 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.14M
$994.1K – $1.33M
NOI $79,529 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R1-zoned property with three separate living units and garage parking.
Where is this triplex located?
The property is located at 122 Lawrence Clinton, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 8 bedrooms and 3 full bathrooms; 3,327 square feet of property size on an 11,609‑square‑foot lot; Third unit positioned above the garage includes 3 bedrooms
