Two-Unit Residential Building with Detached
New
For Sale
$624,900
13 Woodland St, Lawrence, MA 01841
MULTI_FAMILY - Lawrence, MA
Property Size1,996 SF
Lot Size0.16 Acres
Price / SF$313.08
Days on Market1
Property Features for 13 Woodland St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 4
Parking
8
Elementary school
Lps
Middle school
Lps
High school
Lps
Directions
Take Marston Street exit from 495. Follow to Canal Street, then Union and to Woodland, or GPS
Subdivision
North Lawrence
Standard status
Active
APN
M:0049 B:0000 L:0059 1,4737289
Size
1,996 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4694
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Innovative Properties · RE/MAX International
(978) 452-4432
Listed By:
Joshua Naughton · License #57445
(603) 434-4101
Added: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# 73557370
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 13 Woodland St in Lawrence, this two-family home is zoned R-2 and set on a 0.1552-acre lot. The first-floor unit is to be delivered vacant, and both units feature three bedrooms each.
Built in 1900, the property includes a detached garage for additional storage, along with off-street parking for convenience. Unit 1 has a Lead paint Certificate.
With its two separate living units and multi-bedroom layout in place, the property can support a variety of residential occupancy and leasing arrangements.
Built in 1900, the property includes a detached garage for additional storage, along with off-street parking for convenience. Unit 1 has a Lead paint Certificate.
With its two separate living units and multi-bedroom layout in place, the property can support a variety of residential occupancy and leasing arrangements.
Key Highlights
- 0.1552‑acre lot zoned R‑2
- First‑floor unit to be delivered vacant
- Three bedrooms per unit (two‑family layout)
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 | $50.3k | $25.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $48.0k | $24.07 |
| − OpEx | −$14.4k | −$7.22 |
| NOI | $33.6k | $16.85 |
1,996 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.4K
$420.3K – $560.4K
NOI $33,625 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$433.6K
$379.4K – $505.9K
NOI $30,352 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,714 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,961
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-2 zoned two-family home in Lawrence with a vacant first-floor unit, three bedrooms per unit, plus a detached garage.
Where is this duplex located?
The property is located at 13 Woodland St Lawrence, MA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 0.1552‑acre lot zoned R‑2; First‑floor unit to be delivered vacant; Three bedrooms per unit (two‑family layout)
