Multifamily Property in Commuter-Friendly
4-6 Chelmsford Street Methuen, MA 01844
4-6 Chelmsford Street, Methuen, MA, 01844
$899,900
For Sale
$899,900
Turnkey multifamily property with strong income potential and convenient location.
Property Size2,883 SF
Price / SF$312.14
Days on Market84
Property Features for 4-6 Chelmsford Street
General Information
- Standard status
- Active
- Size
- 2,883 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing Agency
Crimson Real Estate Agency, LLC
(978) 835-3040
Listed by
Nancy Antonopoulos · License #9513639
(978) 835-3040
Source
Compass
Added: Apr 25 Checked: Jul 17 at 4:09 am
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.
Located at 4-6 Chelmsford Street, Lawrence, this multifamily property offers convenient access to shopping, dining, and schools. The property features flexible floor plans designed to accommodate various lifestyles. The overall condition of the property reflects consistent care and upkeep. This property presents an opportunity for expanding an investment portfolio or for owner-occupancy with rental income potential. It is situated in an area with accessibility and everyday convenience. The property size is 2883 square feet.
Key Highlights
- Turnkey multifamily property ideal for owner‑occupants or investors.
- Commuter‑friendly location with easy access to shopping, dining, and schools.
- Flexible floor plans offering comfortable and functional living spaces.
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 5.40%
Second Best
Apartment 5plus
$626.3K
$548.0K – $730.7K
NOI $43,840 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,471 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey multifamily property with strong income potential and convenient location.
Where is this triplex located?
The property is located at 4-6 Chelmsford Street Methuen, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Turnkey multifamily property ideal for owner‑occupants or investors.; Commuter‑friendly location with easy access to shopping, dining, and schools.; Flexible floor plans offering comfortable and functional living spaces.
