Two-Family Residential Income
57 Lawrence Street Medford, MA 02155
For Sale
$1,099,900
Pending
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 Market86
Property Features for 57 Lawrence Street
General Information
- Standard status
- Pending
- Size
- 2,415 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1918
Listing Agency:
Mass Realty Properties
(617) 877-5706
Listed By:
Andy Mass · License #9534547
(617) 877-5706
Source:
Compass
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 23 at 7:34AM
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 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 | $76.8k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $73.0k | $30.23 |
| − OpEx | −$21.9k | −$9.07 |
| NOI | $51.1k | $21.16 |
2,415 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
