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North Lawrence Multi-Family Investment

192 Un, Lawrence, MA 01841

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For Sale

$875,000

Fully tenanted 3-family property in North Lawrence.

Type:Investment

Property size:

4,576 SF

Lot size:

0.05 Acres

Price / SF:

$191/SF

We can help!

Contact an agent

David Duncan

HighLights

Fully tenanted 3‑family property provides immediate rental income.
Each unit features 3 bedrooms and 1 bath with over 1,500 sq. ft. of living space.
Separate utilities for each unit simplify tenant management.
Prime location near schools, shopping, transit, and major routes.
Excellent opportunity for investors or owner‑occupants.
Walk‑up attic offers potential for additional storage or expansion.

Learn more

For Sale

$875,000

Fully tenanted 3-family property in North Lawrence.

Type:Investment

Property size:

4,576 SF

Lot size:

0.05 Acres

Price / SF:

$191/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 2:53 pm

Property Features for 192 Un

General Information

Standard status: Active
Size: 4,576 SF
Lot size: 0.05 Acres
Property subtype: Investment

Building Details

Year Built: 1920

We can help!

Contact an agent

David Duncan

Listing office

Listing date Mar 10, 2026

Source Elliman

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 David Duncan

HighLights

Fully tenanted 3‑family property provides immediate rental income.
Each unit features 3 bedrooms and 1 bath with over 1,500 sq. ft. of living space.
Separate utilities for each unit simplify tenant management.
Prime location near schools, shopping, transit, and major routes.
Excellent opportunity for investors or owner‑occupants.
Walk‑up attic offers potential for additional storage or expansion.

Overview

This fully tenanted 3-family property is located in North Lawrence. Each unit features 3 bedrooms and 1 bath, with over 1,500 square feet per unit, totaling 4,576 square feet of living space. The property includes a walk-up attic, offering additional potential for storage or expansion. The location is near schools, shopping, transit, and major routes. This property is suitable for investors or owner-occupants looking to live in one unit while tenants offset expenses.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$115.3k	$25.20
− Vacancy	−$5.2k	−$1.13
EGI	$110.1k	$24.07
− OpEx	−$33.0k	−$7.22
NOI	$77.1k	$16.85

4,576 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.10M

$963.6K – $1.28M (±1% cap)

NOI $77,088 @ 7.0% cap · market cap 8.81%

Second Best

Apartment 5plus

$994.1K

$869.8K – $1.16M (±1% cap)

NOI $69,584 @ 7.0% cap · market cap 7.95%

Theoretical Best

Office A

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,628 @ 7.0% cap · market cap 21.67%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lawrence
County: Essex
State: Massachusetts
Longitude: -71.1555175
Latitude: 42.7139345

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For sale
Triplexes
MA
Lawrence
01841
192 Un

What type of property is this?

Triplex - Fully tenanted 3-family property in North Lawrence.

Where is this triplex located?

The property is located at 192 Un Lawrence, MA.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Fully tenanted 3‑family property provides immediate rental income.; Each unit features 3 bedrooms and 1 bath with over 1,500 sq. ft. of living space.; Separate utilities for each unit simplify tenant management.