Two-Family Residential Income
2-4 Leslie Street Lawrence, MA 01841
2-4 Leslie Street, Lawrence, MA, 01841
$729,900
Pending
For Sale
$729,900
Pending
Attractive two-family home offering two full baths, eat-in kitchens, and a large unfinished third floor.
Property Size2,244 SF
Days on Market169
Property Features for 2-4 Leslie Street
General Information
- Standard status
- Pending
- Size
- 2,244 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Partners
(978) 475-2100
Listed by
Paul Annaloro · License #9028233
(978) 475-2100
Source
Compass
Added: Feb 4 Updated: Jul 22 at 6:05PM Checked: Jul 22 at 6:05PM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
Attractive two-family home with a total of 10 rooms, including 4 bedrooms and 2 full baths. Each unit features a large eat-in kitchen with a refrigerator and stove, along with new carpeting and a bright living room/dining room combination. Additional highlights include a bonus space, a 2-car garage, and ample off-street parking. The property also has a huge unfinished third floor, which offers potential for a third unit or additional storage.
The home is located at 2–4 Leslie Street in Lawrence, Massachusetts.
The home is located at 2–4 Leslie Street in Lawrence, Massachusetts.
Key Highlights
- Two‑family home with 2 full baths and 10 rooms total
- 4 bedrooms total; both units feature large eat‑in kitchens with refrigerator and range/stove
- Living room/dining room combo in each unit, plus pantry and ceiling fans
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 | $56.5k | $25.20 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $54.0k | $24.07 |
| − OpEx | −$16.2k | −$7.22 |
| NOI | $37.8k | $16.85 |
2,244 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.0K
$472.5K – $630.1K
NOI $37,803 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$487.5K
$426.5K – $568.7K
NOI $34,123 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,991 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Attractive two-family home offering two full baths, eat-in kitchens, and a large unfinished third floor.
Where is this duplex located?
The property is located at 2-4 Leslie Street Lawrence, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two‑family home with 2 full baths and 10 rooms total; 4 bedrooms total; both units feature large eat‑in kitchens with refrigerator and range/stove; Living room/dining room combo in each unit, plus pantry and ceiling fans
