Duplex with Private Rear
172-174 High Street Lawrence, MA 01841
172-174 High Street, Lawrence, MA, 01841
$895,000
Pending
For Sale
$895,000
Pending
New construction duplex offers two units with central air, separate utilities, and private rear yards with off-street parking.
Property Size2,976 SF
Days on Market65
Property Features for 172-174 High Street
General Information
- Standard status
- Pending
- Size
- 2,976 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing agency
Weichert Realtors' Daher Companies
(978) 265-8456
Listed by
Mary Koontz-Daher
Source
Gundersheimgroup
Added: May 19 Updated: Jul 21 at 4:11AM Checked: Jul 21 at 4:11AM
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 Weichert Realtors' Daher Companies
Investment Insights
Based on property information with market context.
New construction duplex-style 2-family property featuring two separate units. Each unit includes three second-floor bedrooms and an open-concept kitchen, dining, and family room. Kitchens are finished with custom cabinetry, granite-topped counters, and peninsula seating. Both units have walk-out lower levels that are plumbed for an additional bath or shower, with space that can support future flexibility. Central air is included for comfort, and the property provides ample off-street parking along with private rear yards for each unit.
Located in North Lawrence, Massachusetts with R-2 zoning. Directions are provided from Storrow St. to High St.
Utilities are separated, including water and sewer, supporting independent operations for each unit.
Located in North Lawrence, Massachusetts with R-2 zoning. Directions are provided from Storrow St. to High St.
Utilities are separated, including water and sewer, supporting independent operations for each unit.
Key Highlights
- New construction duplex (2‑family) built in 2026 in Lawrence, MA (North Lawrence).
- Each unit has 3 second‑floor bedrooms and an open‑concept kitchen, dining, and family room.
- Central air plus forced‑air heating (natural gas) with individual unit control.
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 | $75.0k | $25.20 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $71.6k | $24.07 |
| − OpEx | −$21.5k | −$7.22 |
| NOI | $50.1k | $16.85 |
2,976 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$716.2K
$626.7K – $835.6K
NOI $50,134 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$646.5K
$565.7K – $754.2K
NOI $45,254 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,325 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - New construction duplex offers two units with central air, separate utilities, and private rear yards with off-street parking.
Where is this duplex located?
The property is located at 172-174 High Street Lawrence, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: New construction duplex (2‑family) built in 2026 in Lawrence, MA (North Lawrence).; Each unit has 3 second‑floor bedrooms and an open‑concept kitchen, dining, and family room.; Central air plus forced‑air heating (natural gas) with individual unit control.
