Three-Unit Residential
For Sale
$715,000
26 Bennington St, Lawrence, MA 01841
Two apartments have two bedrooms each; the third is a renovated one-bedroom unit with a stove.
Property Size1,669 SF
Price / SF$428.40
Days on Market9
Property Features for 26 Bennington St
General Information
Standard status
Active
Size
1,669 SF
Total Parking Spaces
3
Property subtype
3 Family
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Amenities
solar panels
security camera system
Building Details
Building Size
1,669 SF
Year Built
1894
Stories
2
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 28 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 IVerty Realty, LLC
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Investment Insights
Based on property information with market context.
At 26 Bennington St in Lawrence, this two-story residential property contains three apartments: two with two bedrooms and one with a single bedroom. The one-bedroom unit has been renovated and has not yet been occupied. Stove and refrigerator are included in each two-bedroom apartment; the one-bedroom apartment has a stove. The property dates to 1894 and also has solar panels, a security camera system, and separate heating arrangements.
A private driveway accommodates up to three vehicles. The property includes a backyard, and Lawrence Street restaurants, bodegas, and shops are within walking distance. Downtown Lawrence is also described as a short distance away.
A private driveway accommodates up to three vehicles. The property includes a backyard, and Lawrence Street restaurants, bodegas, and shops are within walking distance. Downtown Lawrence is also described as a short distance away.
Key Highlights
- Three apartments: two two‑bedroom units and one one‑bedroom unit
- Renovated one‑bedroom apartment has not yet been occupied
- Private driveway accommodates up to three vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,116
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,320
$562.3K
Cap Rate 7%
$401,657
$401.7K
Cap Rate 9%
$312,400
$312.4K
Market Conditions
NOI Build-Up for 1,669 SF
Gross rent
$42.1K $25.20/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$40.2K $24.07/SF
− OpEx
−$12.0K −$7.22/SF
NOI
$28.1K $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%
$562,320
Cap Rate 7%
$401,657
Cap Rate 9%
$312,400
Alternative Uses
Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.6K
NOI $28,116 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$362.6K
$317.2K – $423.0K
NOI $25,379 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$988.0K
$864.5K – $1.15M
NOI $69,163 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments have two bedrooms each; the third is a renovated one-bedroom unit with a stove.
Where is this triplex located?
The property is located at 26 Bennington St Lawrence, MA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Three apartments: two two‑bedroom units and one one‑bedroom unit; Renovated one‑bedroom apartment has not yet been occupied; Private driveway accommodates up to three vehicles
