Updated Three-Family
22-26 Chandler Street Lawrence, MA 01841
22-26 Chandler Street, Lawrence, MA, 01841
$869,900
For Sale
$869,900
Well-maintained three-family with updated exterior, newer roofing, and off-street parking for six vehicles.
Property Size4,200 SF
Price / SF$207.12
Days on Market123
Property Features for 22-26 Chandler Street
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty - Haverhill
Listed by
The Fisichelli Team
(617) 396-3100
Source
Longwoodresidential
Added: Mar 21 Updated: Jul 21 at 12:08AM Checked: Jul 21 at 7:06AM
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 Coldwell Banker Realty - Haverhill
Investment Insights
Based on property information with market context.
This well-maintained three-family residential has recent updates and ongoing mechanical improvements. Exterior work includes vinyl siding and newer vinyl insulated windows. Roof improvements include a newer rubber roof, and heating has been upgraded with two brand new boilers for the second and third floors; the first-floor boiler is approximately eight years old. Each unit is lead certified and includes laundry in-unit.
The property includes off-street parking for six cars and has been classified as outside the flood zone, with an attached Determination Document. It is described as conveniently located to highways, the T-station, shopping, restaurants, and schools.
The offering is a larger three-family building with a total property size of 4,200 square feet and a total of three residential units.
The property includes off-street parking for six cars and has been classified as outside the flood zone, with an attached Determination Document. It is described as conveniently located to highways, the T-station, shopping, restaurants, and schools.
The offering is a larger three-family building with a total property size of 4,200 square feet and a total of three residential units.
Key Highlights
- 3‑family building built in 1920 with good rental income potential, described as well maintained
- Recent updates include vinyl siding, newer rubber roof, and newer vinyl insulated windows
- Boilers: 2 brand new boilers for 2nd and 3rd floors; 1st‑floor boiler is 8 years old
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 | $105.8k | $25.20 |
| − Vacancy | −$4.8k | −$1.13 |
| EGI | $101.1k | $24.07 |
| − OpEx | −$30.3k | −$7.22 |
| NOI | $70.8k | $16.85 |
4,200 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$884.4K – $1.18M
NOI $70,754 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$912.4K
$798.3K – $1.06M
NOI $63,867 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,047 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family with updated exterior, newer roofing, and off-street parking for six vehicles.
Where is this triplex located?
The property is located at 22-26 Chandler Street Lawrence, MA.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: 3‑family building built in 1920 with good rental income potential, described as well maintained; Recent updates include vinyl siding, newer rubber roof, and newer vinyl insulated windows; Boilers: 2 brand new boilers for 2nd and 3rd floors; 1st‑floor boiler is 8 years old
