Two-Family Residential Income
For Sale
$1,099,900
Pending
57 Lawrence Street, Medford, MA 02155
Two separate units with private entrances, in-unit laundry, and private utilities on a large lot with off-street parking.
Property Size2,415 SF
Days on Market125
Property Features for 57 Lawrence Street
General Information
Standard status
Pending
Size
2,415 SF
Total Parking Spaces
6
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$9,586
Building Details
Building Size
2,415 SF
Year Built
1918
Listing Agency:
Mass Realty Properties
Listed By:
Andy Mass · License #9534547
(617) 877-5706
Source:
Classifiedrealtygroup
Added: May 8
Changed: Sep 8
Last Checked: Jul 24 at 12:14PM
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 Mass Realty Properties
Investment Insights
Based on property information with market context.
This two-family residential income property includes two separate living units, each with its own private entrance and separate utilities. The first floor features 2 bedrooms, large sun-filled living and dining rooms, an open floor plan, high ceilings, and a spacious kitchen. The second floor offers 3 bedrooms, a sun-filled living room, a spacious eat-in kitchen, in-unit laundry, and an open layout.
The home is set on a large 10,200 square foot lot and includes a large driveway with parking for up to six vehicles. Outdoor amenities include a huge fenced yard, patio, and shed, along with a full walkout basement and plenty of storage.
High-efficiency gas heating is supported by new gas boilers installed in 2019. The property is located on a quiet one-way street, with quick access to major highways and nearby shopping and dining options including Morrison Park and Medford Square, as well as Assembly Row and Wellington.
The home is set on a large 10,200 square foot lot and includes a large driveway with parking for up to six vehicles. Outdoor amenities include a huge fenced yard, patio, and shed, along with a full walkout basement and plenty of storage.
High-efficiency gas heating is supported by new gas boilers installed in 2019. The property is located on a quiet one-way street, with quick access to major highways and nearby shopping and dining options including Morrison Park and Medford Square, as well as Assembly Row and Wellington.
Key Highlights
- Two‑family home built in 1918 on a level 10,200 SF lot with fenced yard, patio, and shed
- Each unit has a private entrance, separate utilities, and in‑unit laundry for added convenience
- 1st floor layout includes 2BR with living room, dining room, kitchen, and sunroom; 2nd floor includes 3BR with an eat‑in kitchen and sun‑filled living room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,102
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,022,040
$1.0M
Cap Rate 7%
$730,029
$730.0K
Cap Rate 9%
$567,800
$567.8K
Market Conditions
NOI Build-Up for 2,415 SF
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.
Gross rent
$76.8K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$73.0K $30.23/SF
− OpEx
−$21.9K −$9.07/SF
NOI
$51.1K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,022,040
Cap Rate 7%
$730,029
Cap Rate 9%
$567,800
Alternative Uses
Best Use
Multifamily LT 5
$730.0K
$638.8K – $851.7K
NOI $51,102 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$686.4K
$600.6K – $800.8K
NOI $48,050 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,077 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 02155, MA
61,483
Population
25,893
Households
2.4
Avg Household Size
36
Median Age
58%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
7,498
Density / Sq Mi
$118,403
Median Household Income
$60,825
Median Earnings
$2,483
Median Rent
$715,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units with private entrances, in-unit laundry, and private utilities on a large lot with off-street parking.
Where is this duplex located?
The property is located at 57 Lawrence Street Medford, MA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Two‑family home built in 1918 on a level 10,200 SF lot with fenced yard, patio, and shed; Each unit has a private entrance, separate utilities, and in‑unit laundry for added convenience; 1st floor layout includes 2BR with living room, dining room, kitchen, and sunroom; 2nd floor includes 3BR with an eat‑in kitchen and sun‑filled living room
