Townhouse-Style Duplex with Separate
29-31 Washington Street Lawrence, MA 01841
29-31 Washington Street, Lawrence, MA, 01841
$699,900
For Sale
$699,900
Side-by-side duplex with two townhouse-style units, each offering four bedrooms and separate entrances.
Property Size2,282 SF
Price / SF$306.70
Days on Market136
Property Features for 29-31 Washington Street
General Information
- Standard status
- Active
- Size
- 2,282 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1910
Listing agency
Redfin Corp.
(617) 340-7803
Listed by
Patricia Nunez · License #9529152
(617) 340-7803
Source
Compass
Added: Mar 7 Updated: Jul 20 at 6:03PM Checked: Jul 20 at 6:03PM
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 Redfin Corp.
Investment Insights
Based on property information with market context.
This side-by-side, townhouse-style duplex offers two separate units with a multi-level layout. Each side features four bedrooms, with generously sized living areas designed to provide a home-like feel. Separate entrances support privacy between units and create an intuitive, independent setup.
The property is conveniently located near shopping, dining, commuter routes, and local amenities in Lawrence, MA. An open house is scheduled for Sunday from 12:00 PM to 2:00 PM.
For sale as a residential income property, the configuration supports a straightforward live-in or rental arrangement with independent entry and townhouse-style spaces on both sides.
The property is conveniently located near shopping, dining, commuter routes, and local amenities in Lawrence, MA. An open house is scheduled for Sunday from 12:00 PM to 2:00 PM.
For sale as a residential income property, the configuration supports a straightforward live-in or rental arrangement with independent entry and townhouse-style spaces on both sides.
Key Highlights
- Side‑by‑side duplex with 2 townhouse‑style units
- Each unit features 4 bedrooms and separate entrances
- Interior includes a living room, dining room, kitchen, and pantry
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 | $57.5k | $25.20 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $54.9k | $24.07 |
| − OpEx | −$16.5k | −$7.22 |
| NOI | $38.4k | $16.85 |
2,282 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.2K
$480.5K – $640.7K
NOI $38,443 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$495.7K
$433.8K – $578.4K
NOI $34,701 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,565 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two townhouse-style units, each offering four bedrooms and separate entrances.
Where is this duplex located?
The property is located at 29-31 Washington Street Lawrence, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2 townhouse‑style units; Each unit features 4 bedrooms and separate entrances; Interior includes a living room, dining room, kitchen, and pantry
