4-Unit
34 Coolidge St, Lawrence, MA 01843
For Sale
$1,150,000
Pending
Apartments offer varied bedroom configurations, with dedicated on-site parking for residents.
Property Size1,910 SF
Days on Market21
Property Features for 34 Coolidge St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Term
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Realty ONE Group Nest
(978) 655-1385
Listed By:
Juan Concepcion
(978) 837-1233
Source:
Iverty
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 6:40AM
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 Realty ONE Group Nest
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Investment Insights
Based on property information with market context.
This 4-unit residential property in Lawrence contains 4,365 square feet and was built in 1910. Apartment layouts include 2-, 3-, and 4-bedroom configurations, with living areas and kitchens; the 4-bedroom layout also includes a formal dining room.
The property is at 34 Coolidge St in Lawrence, Massachusetts. Four dedicated parking spaces are provided on site.
The property is at 34 Coolidge St in Lawrence, Massachusetts. Four dedicated parking spaces are provided on site.
Key Highlights
- 4,365‑square‑foot quadplex built in 1910
- Four residential units with 2-, 3-, and 4‑bedroom layouts
- Four dedicated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,534
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,680
$1.5M
Cap Rate 7%
$1,050,486
$1.1M
Cap Rate 9%
$817,044
$817.0K
Market Conditions
NOI Build-Up for 4,365 SF
Gross rent
$110.0K $25.20/SF
− Vacancy
−$4.9K −$1.13/SF
EGI
$105.0K $24.07/SF
− OpEx
−$31.5K −$7.22/SF
NOI
$73.5K $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%
$1,470,680
Cap Rate 7%
$1,050,486
Cap Rate 9%
$817,044
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$919.2K – $1.23M
NOI $73,534 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$948.2K
$829.7K – $1.11M
NOI $66,376 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,884 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
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Business Placement
Demographics for 01843, MA
28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Apartments offer varied bedroom configurations, with dedicated on-site parking for residents.
Where is this quadplex located?
The property is located at 34 Coolidge St Lawrence, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,365‑square‑foot quadplex built in 1910; Four residential units with 2-, 3-, and 4‑bedroom layouts; Four dedicated on‑site parking spaces
