Victorian Quadplex with 1-Bed
5 Kendrick Street Lawrence, MA 01841
5 Kendrick Street, Lawrence, MA, 01841
$899,900
For Sale
$899,900
Four 1-bedroom, 1-bath units in a 1920 Victorian quadplex on a corner lot, sold as-is.
Property Size3,340 SF
Lot Size0.21 Acres
Price / SF$269.43
Days on Market136
Property Features for 5 Kendrick Street
General Information
- Standard status
- Active
- Size
- 3,340 SF
- Lot size
- 0.21 Acres
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1920
Listing agency
Team Zingales Realty, LLC
(888) 832-6910
Listed by
Team Zingales · License #9058568
(888) 832-6910
Source
Compass
Added: Mar 9 Updated: Jul 22 at 10:22AM Checked: Jul 22 at 10:22AM
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 Team Zingales Realty, LLC
Investment Insights
Based on property information with market context.
This 1920 Victorian quadplex offers four 1-bedroom, 1-bath residential units within approximately 3,340 square feet on a 9,046 square foot corner lot. Many units feature original-style details including hardwood floors, crown molding, wood-burning fireplaces, and in-unit appliances. Other units provide a renovation opportunity for buyers looking to improve finishes and functionality.
The property is located in North Lawrence, and the rear yard presents an Accessory Dwelling Unit (ADU) possibility, potentially supporting an additional income stream, subject to verification with local authorities.
The offering is sold strictly as-is, with value centered on bringing select units to full potential through TLC and professional renovations. This configuration may suit investors and owner-occupants seeking a manageable, four-unit income property with room for upgrades.
The property is located in North Lawrence, and the rear yard presents an Accessory Dwelling Unit (ADU) possibility, potentially supporting an additional income stream, subject to verification with local authorities.
The offering is sold strictly as-is, with value centered on bringing select units to full potential through TLC and professional renovations. This configuration may suit investors and owner-occupants seeking a manageable, four-unit income property with room for upgrades.
Key Highlights
- 4‑unit Victorian quadplex built in 1920, offering four 1‑bedroom, 1‑bath units
- 3,340 SF on a 9,046 SF corner lot
- 2 wood‑burning fireplaces plus interior features including crown molding and ceiling fans
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 | $84.2k | $25.20 |
| − Vacancy | −$3.8k | −$1.13 |
| EGI | $80.4k | $24.07 |
| − OpEx | −$24.1k | −$7.22 |
| NOI | $56.3k | $16.85 |
3,340 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$803.8K
$703.3K – $937.8K
NOI $56,266 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$725.6K
$634.9K – $846.5K
NOI $50,789 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,409 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units in a 1920 Victorian quadplex on a corner lot, sold as-is.
Where is this quadplex located?
The property is located at 5 Kendrick Street Lawrence, 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: 4‑unit Victorian quadplex built in 1920, offering four 1‑bedroom, 1‑bath units; 3,340 SF on a 9,046 SF corner lot; 2 wood‑burning fireplaces plus interior features including crown molding and ceiling fans
