Eight-Bedroom Duplex with Finished
For Sale
$849,000
Pending
203-205 Saratoga St, Lawrence, MA 01841
Two-unit property offers separate utilities, updated kitchens, basement laundry, and off-street parking.
Property Size3,892 SF
Days on Market24
Property Features for 203-205 Saratoga St
General Information
Standard status
Pending
Size
3,892 SF
Total Parking Spaces
3
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$6,930
Building Details
Building Size
3,892 SF
Year Built
1910
Listing Agency:
Century 21 North East
Listed By:
Fermin Group
(978) 208-0449
Source:
Classifiedrealtygroup
Added: Sep 15
Changed: Oct 3
Last Checked: Oct 7 at 9:16AM
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.
Built in 1910, this duplex contains 3,892 square feet across two residences. The first-floor unit is vacant and includes three bedrooms and one bathroom. Upstairs, a two-level residence provides three bedrooms and a full bathroom on the main level, with two additional bedrooms and another full bathroom in the finished attic. Both units feature updated kitchens and newer appliances.
A full basement adds a bathroom and laundry area, with the washer and dryer included. The property has separate utilities, three off-street parking spaces, and connections to city water and sewer. The address is situated on the Lawrence/Methuen line. The solar lease will transfer at closing.
A full basement adds a bathroom and laundry area, with the washer and dryer included. The property has separate utilities, three off-street parking spaces, and connections to city water and sewer. The address is situated on the Lawrence/Methuen line. The solar lease will transfer at closing.
Key Highlights
- 3,892‑square‑foot duplex with 8 bedrooms and 4 bathrooms
- First‑floor unit is vacant with 3 beds and 1 bath
- Upper residence includes 5 bedrooms across two levels and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,565
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,300
$1.3M
Cap Rate 7%
$936,643
$936.6K
Cap Rate 9%
$728,500
$728.5K
Market Conditions
NOI Build-Up for 3,892 SF
Gross rent
$98.1K $25.20/SF
− Vacancy
−$4.4K −$1.13/SF
EGI
$93.7K $24.07/SF
− OpEx
−$28.1K −$7.22/SF
NOI
$65.6K $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%
$1,311,300
Cap Rate 7%
$936,643
Cap Rate 9%
$728,500
Alternative Uses
Best Use
Multifamily LT 5
$936.6K
$819.6K – $1.09M
NOI $65,565 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$845.5K
$739.8K – $986.4K
NOI $59,183 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,283 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,254
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 - Two-unit property offers separate utilities, updated kitchens, basement laundry, and off-street parking.
Where is this duplex located?
The property is located at 203-205 Saratoga St Lawrence, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,892‑square‑foot duplex with 8 bedrooms and 4 bathrooms; First‑floor unit is vacant with 3 beds and 1 bath; Upper residence includes 5 bedrooms across two levels and 2 full baths
