Two-Family Home with Enclosed
For Sale
$730,000
Pending
7 Trenton St, Lawrence, MA 01841
Well-maintained two-family residence with off-street parking, enclosed backyard, and a walk-up attic for potential expansion.
Property Size2,860 SF
Days on Market34
Property Features for 7 Trenton St
General Information
Standard status
Pending
Size
2,860 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Zoning
RES
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,779
Building Details
Building Size
2,860 SF
Year Built
1900
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Century 21 North East
(978) 423-6545
Listed By:
Fermin Group
(978) 423-6545
Source:
Janicemitchellre
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 5 at 1:05PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This well-maintained two-family offering provides flexible living and income potential. The first floor includes five rooms with spacious 2 bedrooms. The second floor offers a versatile layout with 2 to 3 bedrooms. Additional features include off-street parking, an enclosed backyard, and a walk-up attic with potential for future expansion. Deleading certificates are on file.
Located in Lawrence, MA, the property is described as conveniently close to shopping, restaurants, schools, public transportation, and major highways, supporting easy commuting.
With two separate residential units and an attic that may be adaptable, the home is designed to accommodate a range of owner-occupant or investment goals based on the flexibility of the existing floor plans.
Located in Lawrence, MA, the property is described as conveniently close to shopping, restaurants, schools, public transportation, and major highways, supporting easy commuting.
With two separate residential units and an attic that may be adaptable, the home is designed to accommodate a range of owner-occupant or investment goals based on the flexibility of the existing floor plans.
Key Highlights
- Two‑family residence built in 1900 with a walk‑up attic that offers potential for future expansion
- First floor includes five rooms and spacious 2 bedrooms
- Second floor offers a versatile layout with 2–3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,180
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,600
$963.6K
Cap Rate 7%
$688,286
$688.3K
Cap Rate 9%
$535,333
$535.3K
Market Conditions
NOI Build-Up for 2,860 SF
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.
Gross rent
$72.1K $25.20/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$68.8K $24.07/SF
− OpEx
−$20.6K −$7.22/SF
NOI
$48.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,600
Cap Rate 7%
$688,286
Cap Rate 9%
$535,333
Alternative Uses
Best Use
Multifamily LT 5
$688.3K
$602.3K – $803.0K
NOI $48,180 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$621.3K
$543.6K – $724.8K
NOI $43,490 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,518 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,261
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family residence with off-street parking, enclosed backyard, and a walk-up attic for potential expansion.
Where is this duplex located?
The property is located at 7 Trenton St Lawrence, MA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two‑family residence built in 1900 with a walk‑up attic that offers potential for future expansion; First floor includes five rooms and spacious 2 bedrooms; Second floor offers a versatile layout with 2–3 bedrooms
