Two-Unit
160 Walnut St, Lawrence, MA 01841
For Sale
New
$640,000
One residence spans two levels, with three bedrooms and two full bathrooms.
Property Size2,360 SF
Price / SF$271.19
Days on Market4
Property Features for 160 Walnut St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty LLC
Listed By:
Benny Troncoso · License #9589487
(617) 898-8828
Source:
Kevinfruh
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 1:05PM
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
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Investment Insights
Based on property information with market context.
This 2,360-square-foot duplex was built in 1900 and contains two residences. The first has two bedrooms and an eat-in kitchen; the second occupies two levels and includes three bedrooms and two full bathrooms. A full basement and detached garage are also part of the property.
Tenants are in place. Expansion and an accessory dwelling unit may be possible, subject to city approval. The property may not qualify for FHA or VA financing.
Tenants are in place. Expansion and an accessory dwelling unit may be possible, subject to city approval. The property may not qualify for FHA or VA financing.
Key Highlights
- 2,360 square feet in a two‑family property
- First residence has 2 bedrooms and an eat‑in kitchen
- Two‑level residence includes 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,757
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,140
$795.1K
Cap Rate 7%
$567,957
$568.0K
Cap Rate 9%
$441,744
$441.7K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$59.5K $25.20/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$56.8K $24.07/SF
− OpEx
−$17.0K −$7.22/SF
NOI
$39.8K $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%
$795,140
Cap Rate 7%
$567,957
Cap Rate 9%
$441,744
Alternative Uses
Best Use
Multifamily LT 5
$568.0K
$497.0K – $662.6K
NOI $39,757 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$512.7K
$448.6K – $598.1K
NOI $35,887 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,798 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
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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
$393,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lawrence, MA
Properties on Market for Duplexes in Lawrence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence spans two levels, with three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 160 Walnut St Lawrence, MA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2,360 square feet in a two‑family property; First residence has 2 bedrooms and an eat‑in kitchen; Two‑level residence includes 3 bedrooms and 2 full bathrooms
