Side-by-Side
For Sale
$720,000
30-32 Washington Street, Lawrence, MA 01841
Two distinct units offer updated kitchens and bathrooms, hot water baseboard heat, and separate layouts.
Property Size3,424 SF
Price / SF$210.28
Days on Market88
Property Features for 30-32 Washington Street
General Information
Standard status
Active
Size
3,424 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
fenced-in backyard
cable ready
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Century 21 North East
Listed By:
Nicolas Corteggiano
(781) 548-8841
Source:
Benoitrealestate
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 16 at 9:02AM
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 Century 21 North East
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units, each with its own layout. Both apartments feature updated kitchen cabinetry and bathrooms, along with hot water baseboard heating and cable-ready service. The property has vinyl siding and a fenced backyard, with 3424 square feet of total property size and a 1880 construction date.
Located at 30-32 Washington St in Lawrence, the property sits on a quiet one-way street with access to Route 495 and Route 93. Tax-free shopping in New Hampshire is also nearby. The two-unit configuration may accommodate an owner-occupant seeking rental income or an investor expanding a residential income portfolio.
Located at 30-32 Washington St in Lawrence, the property sits on a quiet one-way street with access to Route 495 and Route 93. Tax-free shopping in New Hampshire is also nearby. The two-unit configuration may accommodate an owner-occupant seeking rental income or an investor expanding a residential income portfolio.
Key Highlights
- Two‑unit side‑by‑side duplex with separate layouts
- 3424 total property size
- Updated kitchen cabinets and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,681
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,620
$1.2M
Cap Rate 7%
$824,014
$824.0K
Cap Rate 9%
$640,900
$640.9K
Market Conditions
NOI Build-Up for 3,424 SF
Gross rent
$86.3K $25.20/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$82.4K $24.07/SF
− OpEx
−$24.7K −$7.22/SF
NOI
$57.7K $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%
$1,153,620
Cap Rate 7%
$824,014
Cap Rate 9%
$640,900
Alternative Uses
Best Use
Multifamily LT 5
$824.0K
$721.0K – $961.4K
NOI $57,681 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$743.8K
$650.8K – $867.8K
NOI $52,067 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,890 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,694
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units offer updated kitchens and bathrooms, hot water baseboard heat, and separate layouts.
Where is this duplex located?
The property is located at 30-32 Washington Street Lawrence, MA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with separate layouts; 3424 total property size; Updated kitchen cabinets and bathrooms in both units
