Duplex with 3-Bedroom
66-68 Water Street Lawrence, MA 01841
66-68 Water Street, Lawrence, MA, 01841
$800,000
For Sale
$800,000
Two residential units each offer 3 bedrooms and 1 full bathroom, with full basements, off-street parking, and backyards.
Property Size3,816 SF
Price / SF$209.64
Days on Market95
Property Features for 66-68 Water Street
General Information
- Standard status
- Active
- Size
- 3,816 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Garcia Realty,LLC
Listed by
Pedro Garcia
(617) 993-4639
Source
Flowrealty
Added: Apr 19 Updated: Jul 21 at 12:28AM Checked: Jul 21 at 7:06AM
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 Garcia Realty,LLC
Investment Insights
Based on property information with market context.
66-68 Water Street is a duplex with two separate residential units. Each unit features 3 bedrooms and 1 full bathroom and includes a full basement. The property also provides off-street parking for 9 vehicles and includes backyard space for outdoor use.
Access is available via the off-street parking, and the layout supports everyday convenience for both residents and tenants. Showings are restricted until the first open house scheduled for Saturday 12 to 2pm and Sunday 12 to 2pm.
This configuration makes the property well suited for an owner occupant or for an investor seeking rental income from two units.
Access is available via the off-street parking, and the layout supports everyday convenience for both residents and tenants. Showings are restricted until the first open house scheduled for Saturday 12 to 2pm and Sunday 12 to 2pm.
This configuration makes the property well suited for an owner occupant or for an investor seeking rental income from two units.
Key Highlights
- Two residential units at 66‑68 Water St, both offering 3 bedrooms and 1 full bathroom
- Year built 1910
- Each unit includes a full basement
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 | $96.2k | $25.20 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $91.8k | $24.07 |
| − OpEx | −$27.6k | −$7.22 |
| NOI | $64.3k | $16.85 |
3,816 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$918.4K
$803.6K – $1.07M
NOI $64,285 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$829.0K
$725.4K – $967.1K
NOI $58,028 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,134 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two residential units each offer 3 bedrooms and 1 full bathroom, with full basements, off-street parking, and backyards.
Where is this duplex located?
The property is located at 66-68 Water Street Lawrence, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two residential units at 66‑68 Water St, both offering 3 bedrooms and 1 full bathroom; Year built 1910; Each unit includes a full basement
