Lawrence Duplex with Attic
183 Farnham Street, Lawrence, MA 01843
Two units, each with three bedrooms, attic, and parking.
Type:Multi-family / 2 Family - 2 Units Up/Down
Property size:
2,452 SFPrice / SF:
$305/SF- Added:
- Feb 15, 2026
- Days on Market:
- 107
- Last Refresh:
- Mar 13 at 9:36 am
Property Features for 183 Farnham Street
General Information
- Standard status
- Active
- Size
- 2,452 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agent Pedro Garcia License #9587402 (978) 689-5600
Listing office Garcia Realty, LLC (978) 689-5600
Listing date Feb 15, 2026
Source Compass
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 Garcia Realty, LLC
HighLights
- Two units, each featuring 3 bedrooms and 1 full bathroom, ideal for owner‑occupants or investors
- Enjoy the convenience of off‑street parking for 3 vehicles
- Second‑floor unit boasts access to a walk‑up attic, offering potential for extra living space or storage
- Full basement provides ample storage
- Backyard perfect for outdoor enjoyment
- Built in 1910 with frame construction and shingle roof
Overview
This property at 183 Farnham Street, Lawrence, is suitable for both owner-occupants and investors. It features a duplex configuration, with each unit containing 3 bedrooms and 1 full bathroom. The second-floor unit includes access to a walk-up attic, presenting the potential for additional finished living space or storage. The property also includes a full basement and off-street parking for 3 vehicles. A backyard provides space for outdoor activities. The property size is 2452 square feet.
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 | $61.8k | $25.20 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $59.0k | $24.07 |
| − OpEx | −$17.7k | −$7.22 |
| NOI | $41.3k | $16.85 |
2,452 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$590.1K
$516.3K – $688.5K
NOI $41,307 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$532.7K
$466.1K – $621.4K
NOI $37,286 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,610 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.152604
- Latitude
- 42.6964412
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two units, each with three bedrooms, attic, and parking.
Where is this duplex located?
The property is located at 183 Farnham Street Lawrence, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two units, each featuring 3 bedrooms and 1 full bathroom, ideal for owner‑occupants or investors; Enjoy the convenience of off‑street parking for 3 vehicles; Second‑floor unit boasts access to a walk‑up attic, offering potential for extra living space or storage
