Duplex with Flexible Floor
4-6 Chelmsford Street Lawrence, MA 01841
4-6 Chelmsford Street, Lawrence, MA, 01841
$925,000
For Sale
$925,000
Duplex-style multifamily property offering flexible floor plans in an area with nearby shopping, dining, and schools.
Property Size2,883 SF
Price / SF$320.85
Days on Market72
Property Features for 4-6 Chelmsford Street
General Information
- Standard status
- Active
- Size
- 2,883 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Crimson Real Estate Agency,LLC
Listed by
Nancy Antonopoulos
(617) 661-6600
Source
Cambridgerealty
Added: May 11 Updated: Jul 20 at 8:44PM Checked: Jul 21 at 7:05AM
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 Crimson Real Estate Agency,LLC
Investment Insights
Based on property information with market context.
This duplex-style multifamily property at 4–6 Chelmsford Street in Lawrence offers flexible floor plans designed to create functional living spaces. The overall condition reflects years of consistent care and upkeep, supporting a straightforward, well-maintained housing setup.
The property is described as commuter-friendly and provides easy access to everyday conveniences, including shopping, dining, and schools. With two addresses under one ownership, it is suited to buyers looking to generate rental income while maintaining the option to occupy one unit.
Based on the property’s duplex configuration and maintained condition, the layout can support a variety of household arrangements, making it a practical choice for tenants seeking comfort and for owner-occupants who want to live in one unit while renting the other.
The property is described as commuter-friendly and provides easy access to everyday conveniences, including shopping, dining, and schools. With two addresses under one ownership, it is suited to buyers looking to generate rental income while maintaining the option to occupy one unit.
Based on the property’s duplex configuration and maintained condition, the layout can support a variety of household arrangements, making it a practical choice for tenants seeking comfort and for owner-occupants who want to live in one unit while renting the other.
Key Highlights
- Duplex‑style multifamily property at 4‑6 Chelmsford Street, Lawrence
- Year built: 1900
- Flexible floor plans with options for tenant or owner‑occupant use
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 | $72.7k | $25.20 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $69.4k | $24.07 |
| − OpEx | −$20.8k | −$7.22 |
| NOI | $48.6k | $16.85 |
2,883 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.8K
$607.1K – $809.5K
NOI $48,568 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$626.3K
$548.0K – $730.7K
NOI $43,840 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,471 @ 7.0% cap · market cap 12.92%
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 - Duplex-style multifamily property offering flexible floor plans in an area with nearby shopping, dining, and schools.
Where is this duplex located?
The property is located at 4-6 Chelmsford Street Lawrence, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Duplex‑style multifamily property at 4‑6 Chelmsford Street, Lawrence; Year built: 1900; Flexible floor plans with options for tenant or owner‑occupant use
