Residential Income
16-18 Highgate Lawrence, MA 01841
16-18 Highgate, Lawrence, MA, 01841
$899,900
For Sale
$899,900
For sale residential income property with off-street parking and highway access in a well-established neighborhood.
Property Size3,580 SF
Price / SF$251.37
Days on Market123
Property Features for 16-18 Highgate
General Information
- Standard status
- Active
- Size
- 3,580 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Profile Realty,Inc.
(978) 655-9919
Listed by
Ana Maria Frias
Source
Eganrealtygroup
Added: Mar 22 Updated: Jul 21 at 3:07PM Checked: Jul 21 at 3:07PM
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 Profile Realty,Inc.
Investment Insights
Based on property information with market context.
This for-sale residential income property is offered as a multifamily asset designed to generate rental income. The property includes off-street parking, supporting day-to-day tenant convenience.
Located at 16-18 Highgate in Lawrence, MA 01841, the property is positioned in a well-established neighborhood. The public remarks note easy access to highways and local amenities, which can help serve both tenants and owner-occupants.
Prospective buyers should schedule a showing to review the property and confirm details directly.
Located at 16-18 Highgate in Lawrence, MA 01841, the property is positioned in a well-established neighborhood. The public remarks note easy access to highways and local amenities, which can help serve both tenants and owner-occupants.
Prospective buyers should schedule a showing to review the property and confirm details directly.
Key Highlights
- Year built: 1900
- Residential income property for sale
- Off‑street parking
Local Financial Insights For Apartment 5plus
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 | $103.1k | $28.80 |
| − Vacancy | −$4.1k | −$1.15 |
| EGI | $99.0k | $27.65 |
| − OpEx | −$44.5k | −$12.44 |
| NOI | $54.4k | $15.21 |
3,580 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$777.7K
$680.5K – $907.3K
NOI $54,439 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,354 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - For sale residential income property with off-street parking and highway access in a well-established neighborhood.
Where is this multifamily property located?
The property is located at 16-18 Highgate Lawrence, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Year built: 1900; Residential income property for sale; Off‑street parking
