Townhouse-Style Duplex
29-31 Washington Street Lawrence, MA 01841
29-31 Washington Street, Lawrence, MA, 01841
$649,900
For Sale
$649,900
Side-by-side duplex with separate entrances and multi-level layouts, featuring four bedrooms per unit.
Property Size2,282 SF
Price / SF$284.79
Days on Market135
Property Features for 29-31 Washington Street
General Information
- Standard status
- Active
- Size
- 2,282 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Redfin Corp.
Listed by
Patricia Nunez
(508) 287-2695
Source
Demakis
Added: Mar 9 Updated: Jul 20 at 9:00PM Checked: Jul 21 at 6:23AM
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 independent entrances and multi-level living layouts. Each unit includes four bedrooms, creating a single-family feel with generous living areas and ample natural light. The arrangement provides privacy between the two sides, offering flexibility for both tenant use and owner-occupancy.
The property is conveniently located near shopping, dining, commuter routes, and local amenities, supporting an easy day-to-day lifestyle for residents.
For sales prospects, the asset’s configuration centers on two well-defined residential units with townhouse-style separation, making it suitable for ownership strategies involving rental income and/or living in one unit while renting the other.
The property is conveniently located near shopping, dining, commuter routes, and local amenities, supporting an easy day-to-day lifestyle for residents.
For sales prospects, the asset’s configuration centers on two well-defined residential units with townhouse-style separation, making it suitable for ownership strategies involving rental income and/or living in one unit while renting the other.
Key Highlights
- Side‑by‑side townhouse‑style duplex with separate entrances and multi‑level layouts
- Built in 1910
- Each unit features 4 bedrooms, offering a layout similar to two single‑family homes under one roof
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 5.92%
Second Best
Apartment 5plus
$495.7K
$433.8K – $578.4K
NOI $34,701 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,565 @ 7.0% cap · market cap 14.55%
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 separate entrances and multi-level layouts, featuring four bedrooms per unit.
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 $649,900.
What are key features of this property?
This property features: Side‑by‑side townhouse‑style duplex with separate entrances and multi‑level layouts; Built in 1910; Each unit features 4 bedrooms, offering a layout similar to two single‑family homes under one roof
