Multifamily Property with
For Sale
$949,999
Pending
14-16 Trenton St, Lawrence, MA 01841
R-3-zoned multifamily property with natural-gas heating, storage, and off-street parking.
Property Size3,633 SF
Days on Market29
Property Features for 14-16 Trenton St
General Information
Standard status
Pending
Size
3,633 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R-3
Net Operating Income
$58,800
Taxes and HOA fees
Annual Taxes
$7,153
Amenities
Natural Gas, Baseboard, Zoned
Full, Partially Finished, Interior Entry, Sump Pump
Refrigerator, Range, Washer, Dryer, Gas Water Heater
Storage
Paved, Off Street, On Street
Building Details
Building Size
3,633 SF
Year Built
1900
Stories
3
Listing Agency:
(781) 820-9343
Listed By:
Gene Beraldi
(781) 820-9343
Source:
Evrealestate
Added: Jul 16
Changed: Aug 3
Last Checked: Aug 3 at 2:30AM
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 Gene Beraldi
Investment Insights
Based on property information with market context.
This multifamily property contains 3633 square feet and was built in 1900. Interior features include natural-gas baseboard heating with zoned controls, storage, a full partially finished area with interior entry and sump pump, and a gas water heater. The property also includes a refrigerator, range, washer, and dryer.
Located at 14-16 Trenton St in Lawrence, Massachusetts, the property offers paved off-street parking along with on-street parking. The parcel is zoned R-3 and is situated in Essex County.
Located at 14-16 Trenton St in Lawrence, Massachusetts, the property offers paved off-street parking along with on-street parking. The parcel is zoned R-3 and is situated in Essex County.
Key Highlights
- 3633 square feet of multifamily property
- R‑3 zoning
- Built in 1900
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
$55,245
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
5.82%
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%
$1,104,900
$1.1M
Cap Rate 7%
$789,214
$789.2K
Cap Rate 9%
$613,833
$613.8K
Market Conditions
NOI Build-Up for 3,633 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
$104.6K $28.80/SF
− Vacancy
−$4.2K −$1.15/SF
EGI
$100.4K $27.65/SF
− OpEx
−$45.2K −$12.44/SF
NOI
$55.2K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,104,900
Cap Rate 7%
$789,214
Cap Rate 9%
$613,833
Alternative Uses
Best Use
Apartment 5plus
$789.2K
$690.6K – $920.8K
NOI $55,245 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,551 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,330
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?
Multifamily property - R-3-zoned multifamily property with natural-gas heating, storage, and off-street parking.
Where is this multifamily property located?
The property is located at 14-16 Trenton St Lawrence, MA.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: 3633 square feet of multifamily property; R‑3 zoning; Built in 1900
