265 Essex Street, Lawrence, MA 01840

Building Details

Year Built 1900 More

Year Renovated 2020 More

Buildings 1 More

Stories 4 More

Tenancy Multi More

Listing Agency: Northeast Private Client Group Show Phone

Listed By: Drew Kirkland · License #134670 Show Phone

Source: Lockandkeyre

Added: Oct 20 Changed: Nov 8 Last Checked: Nov 8 at 6:48AM

Report an Issue

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 Northeast Private Client Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 265 Essex Street in Lawrence, this 7,175-square-foot mixed-use building spans four floors and contains one retail unit and six residential units. A 2020 gut rehabilitation brought new electrical, plumbing, and heating systems to the property. The building also has a full sprinkler system and coin-operated laundry for residents.

Tenants are responsible for their own utilities. The property was built in 1900.

Key Highlights

• 7,175‑square‑foot building with one retail unit and six residential units across four floors
• 2020 gut rehabilitation included new electrical, plumbing, and heating systems
• Fully sprinklered building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$145,294

Cap Rate

6.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,905,880 $2.9M

Cap Rate 7%

$2,075,629 $2.1M

Cap Rate 9%

$1,614,378 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,175 SF

Gross rent

$258.3K $36.00/SF

− Vacancy

−$25.8K −$3.60/SF

EGI

$232.5K $32.40/SF

− OpEx

−$87.2K −$12.15/SF

NOI

$145.3K $20.25/SF

Area

Essex County, MA

Vacancy

10.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,905,880

Cap Rate 7%

$2,075,629

Cap Rate 9%

$1,614,378

Alternative Uses

Best Use

Mixed Use

$2.08M

$1.82M – $2.42M (±1% cap)

NOI $145,294 @ 7.0% cap · market cap 6.63%

Second Best

Retail

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,888 @ 7.0% cap · market cap 5.38%

Theoretical Best

Office A

$4.25M

$3.72M – $4.96M (±1% cap)

NOI $297,330 @ 7.0% cap · market cap 13.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Acupuncture Garden Center Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Multi-tenant

Tenancy

Yes

Sprinkler system

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,931

Businesses Nearby

Explore this area Business Placement

Demographics for 01840, MA

7,121

Population

3,415

Households

2.1

Avg Household Size

36

Median Age

13%

College-Educated

69%

High-School Grad

0.5 sq mi

ZIP Area

14,242

Density / Sq Mi

$34,630

Median Household Income

$31,930

Median Earnings

$1,174

Median Rent

Market

Average Price Trend$/SF for Mixed-use properties in Essex County, MA

$258 Jul

$246 Aug

$266 Sep

$274 Oct

Properties on Market for Mixed-use properties in Essex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Retail Unit

265 Essex St, Lawrence, MA 01840

$2,190,000

View details

Downtown Retail/Office Building

407 Essex St, Lawrence, MA 01840

$947,000

7,308 SF

View details

Lawrence Mixed-Use Multifamily Property

82 South Broadway, Lawrence, MA 01843

$2,995,000

17,706 SF

View details

Brick Retail and Office Building

407 Essex Street, Lawrence, MA 01840

$947,000

3,654 SF

View details

Retail Suite with Two Street Entrances

601 South Union Street Unit 2, Lawrence, MA 01843

Contact for pricing

4,708 SF

View details

Mixed-Use Property with Restaurant

32-34 S Broadway, Lawrence, MA 01844

$499,000

3,065 SF

View details

Lawrence Multifamily Investment Opportunity

102-114 Water Street, Lawrence, MA 01841

$5,600,000

27,583 SF

View details

Downtown Retail Space

218 Essex Street, Lawrence, MA 01840

Contact for pricing

2,800 SF

View details

Mixed-Use Building with Bank Anchor

11-21 Lawrence Street, Lawrence, MA 01840

$6,600,000

76,212 SF

View details

Street-Level Mixed-Use Retail Space

170 Common Street, Lawrence, MA 01840

Contact for pricing

2,200 SF

View details

Conventional Restaurant Space with Flexibility

311 Merrimack St, Lawrence, MA 01841

Contact for pricing

2,100 SF

View details

Mixed-Use Development with Retail

499 Essex Street # Right Side, Lawrence, MA 01840

Contact for pricing

1,705 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - A 2020 gut rehabilitation updated electrical, plumbing, and heating systems throughout the property.

Where is this mixed-use property located?

The property is located at 265 Essex Street Lawrence, MA.

What is the asking price?

The asking price for this property is $2,190,000.

What are key features of this property?

This property features: 7,175‑square‑foot building with one retail unit and six residential units across four floors; 2020 gut rehabilitation included new electrical, plumbing, and heating systems; Fully sprinklered building