Renovated Two-Family
136-138 Sanborn St Lawrence, MA 01843
136-138 Sanborn St, Lawrence, MA, 01843
$849,900
Pending
For Sale
$849,900
Pending
Turnkey two-family residence with renovated units, off-street parking, private backyard, and basement bonus space.
Property Size2,576 SF
Days on Market26
Property Features for 136-138 Sanborn St
General Information
- Standard status
- Pending
- Size
- 2,576 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
eXp Realty LLC
(351) 204-9895
Listed by
Michael Jimenez · License #452508574
(351) 204-9895
Source
Iverty
Added: Jun 27 Updated: Jul 21 at 8:50AM Checked: Jul 21 at 8:50AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This renovated two-family home offers owner-occupant comfort alongside rental utility, with both units described as tastefully updated and ready to move into. The property includes a spacious driveway for off-street parking, a private backyard, and a basement providing additional usable space. Major system updates cited include an updated electrical panel and a water filtration system. Leased solar panels are also noted as part of the energy-efficiency setup.
The property is located at 136-138 Sanborn St in Lawrence, MA. The seller reserves the right to accept an offer at any time, and open houses are scheduled for Friday and Sunday only, with an offer deadline noted for Monday 07/06 at 5PM.
Configured as a duplex with two separate units, this income-oriented residential property is presented as turnkey for buyers seeking move-in readiness and operational flexibility within the existing layout.
The property is located at 136-138 Sanborn St in Lawrence, MA. The seller reserves the right to accept an offer at any time, and open houses are scheduled for Friday and Sunday only, with an offer deadline noted for Monday 07/06 at 5PM.
Configured as a duplex with two separate units, this income-oriented residential property is presented as turnkey for buyers seeking move-in readiness and operational flexibility within the existing layout.
Key Highlights
- 1920‑built two‑family home with both units tastefully renovated for move‑in readiness
- Spacious driveway provides ample off‑street parking
- Private backyard offers outdoor space for entertaining or relaxing
Local 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 | $64.9k | $25.20 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $62.0k | $24.07 |
| − OpEx | −$18.6k | −$7.22 |
| NOI | $43.4k | $16.85 |
2,576 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.9K
$542.5K – $723.3K
NOI $43,396 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$559.6K
$489.7K – $652.9K
NOI $39,172 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,749 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family residence with renovated units, off-street parking, private backyard, and basement bonus space.
Where is this duplex located?
The property is located at 136-138 Sanborn St Lawrence, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 1920‑built two‑family home with both units tastefully renovated for move‑in readiness; Spacious driveway provides ample off‑street parking; Private backyard offers outdoor space for entertaining or relaxing
