Duplex with Detached
New
For Sale
$879,900
20 Ridge Rd, Lawrence, MA 01841
Interior improvements include refreshed kitchen and bath areas, along with newer roofing and water heaters.
Property Size3,747 SF
Price / SF$234.83
Days on Market4
Property Features for 20 Ridge Rd
General Information
Standard status
Active
Size
3,747 SF
Property subtype
2 Family - 2 Units Up/Down
Amenities
large backyard
deck
patio area
detached two-car garage
Building Details
Year Built
1920
Listing Agency:
Realty One Group Nest
(978) 255-4394
Listed By:
Olivares Molina TEAM
(978) 360-3441
Source:
Lockandkeyre
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 11:15AM
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 Realty One Group Nest
Investment Insights
Based on property information with market context.
This duplex was built in 1920 and contains 3,747 square feet. Improvements include newer kitchens, bathrooms, roofing, and water heaters. The property also has a detached two-car garage, a backyard, a deck, and a patio area.
Key Highlights
- 3,747 square feet of property size
- Built in 1920
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,123
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,460
$1.3M
Cap Rate 7%
$901,757
$901.8K
Cap Rate 9%
$701,367
$701.4K
Market Conditions
NOI Build-Up for 3,747 SF
Gross rent
$94.4K $25.20/SF
− Vacancy
−$4.2K −$1.13/SF
EGI
$90.2K $24.07/SF
− OpEx
−$27.1K −$7.22/SF
NOI
$63.1K $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%
$1,262,460
Cap Rate 7%
$901,757
Cap Rate 9%
$701,367
Alternative Uses
Best Use
Multifamily LT 5
$901.8K
$789.0K – $1.05M
NOI $63,123 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$814.0K
$712.2K – $949.6K
NOI $56,978 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,275 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Interior improvements include refreshed kitchen and bath areas, along with newer roofing and water heaters.
Where is this duplex located?
The property is located at 20 Ridge Rd Lawrence, MA.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: 3,747 square feet of property size; Built in 1920; Detached two‑car garage
