Brick Triple-Decker Income
244 E Haverhill Lawrence, MA 01841
244 E Haverhill, Lawrence, MA, 01841
$825,000
For Sale
$825,000
Well-maintained brick triple-decker with three identical 3-bedroom, 1-bath units, newer roof, and off-street parking.
Property Size3,168 SF
Price / SF$260.42
Days on Market51
Property Features for 244 E Haverhill
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
United Brokers
(781) 629-2258
Listed by
Michael Anthony Ramos
Source
Eganrealtygroup
Added: Jun 1 Updated: Jul 21 at 5:31AM Checked: Jul 21 at 5:31AM
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 United Brokers
Investment Insights
Based on property information with market context.
This well-maintained brick triple-decker features three identical units. Each unit offers 3 bedrooms and 1 full bathroom, supporting a consistent, repeatable rental layout. The property includes a newer roof installed in 2017, updated water heaters, and separate utilities.
Outside, there is off-street parking for up to four vehicles and a paved rear yard with low-maintenance requirements.
The building is described as cared for over the years, with long-term tenants and a positive relationship between residents and ownership. Scheduled showings are required, and the open house is set for Sunday, 6/7 from 12:00 PM to 1:30 PM; residents should not be disturbed.
Outside, there is off-street parking for up to four vehicles and a paved rear yard with low-maintenance requirements.
The building is described as cared for over the years, with long-term tenants and a positive relationship between residents and ownership. Scheduled showings are required, and the open house is set for Sunday, 6/7 from 12:00 PM to 1:30 PM; residents should not be disturbed.
Key Highlights
- Brick triple‑decker built in 1900 with 3 identical units, each offering 3 bedrooms and 1 full bathroom
- Newer roof installed in 2017
- Updated water heaters and separate utilities for each unit
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 | $79.8k | $25.20 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $76.2k | $24.07 |
| − OpEx | −$22.9k | −$7.22 |
| NOI | $53.4k | $16.85 |
3,168 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$762.4K
$667.1K – $889.5K
NOI $53,369 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$688.2K
$602.2K – $802.9K
NOI $48,174 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,281 @ 7.0% cap · market cap 15.91%
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 brick triple-decker with three identical 3-bedroom, 1-bath units, newer roof, and off-street parking.
Where is this triplex located?
The property is located at 244 E Haverhill Lawrence, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Brick triple‑decker built in 1900 with 3 identical units, each offering 3 bedrooms and 1 full bathroom; Newer roof installed in 2017; Updated water heaters and separate utilities for each unit
