Two-Family Residence with Offstreet
70 Marston Street Lawrence, MA 01841
70 Marston Street, Lawrence, MA, 01841
$749,900
For Sale
$749,900
New two-family residence with central heat and A/C, in-unit laundry hookups, separate utilities, and off-street parking.
Property Size1,746 SF
Price / SF$429.50
Days on Market85
Property Features for 70 Marston Street
General Information
- Standard status
- Active
- Size
- 1,746 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Empire Real EstateTM
Listed by
George Silva
(617) 993-4639
Source
Flowrealty
Added: Apr 30 Updated: Jul 22 at 12:36PM Checked: Jul 22 at 12:36PM
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 Empire Real EstateTM
Investment Insights
Based on property information with market context.
This brand-new two-family residence offers two thoughtfully designed units with modern concept layouts. Each unit features kitchens with quartz countertops, custom cabinetry, and stainless steel appliances, along with sun-filled interiors. The property includes central heat and air conditioning, in-unit laundry hookup options, and separate utilities to support independent living between the two units.
The home is located in Lawrence, with convenience to area amenities. The listing notes the property is positioned across from major highways and provides off-street parking.
Additional site features include low-maintenance construction and a generous-sized yard.
The home is located in Lawrence, with convenience to area amenities. The listing notes the property is positioned across from major highways and provides off-street parking.
Additional site features include low-maintenance construction and a generous-sized yard.
Key Highlights
- New two‑family residence with central heat and A/C and in‑unit laundry hookups
- Two units with modern concept layouts, sun‑filled interiors, and designer finishes
- Kitchens feature quartz countertops, custom cabinetry, and stainless steel appliances
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 | $44.0k | $25.20 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $42.0k | $24.07 |
| − OpEx | −$12.6k | −$7.22 |
| NOI | $29.4k | $16.85 |
1,746 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.2K
$367.7K – $490.2K
NOI $29,413 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,550 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.03M
$904.4K – $1.21M
NOI $72,354 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New two-family residence with central heat and A/C, in-unit laundry hookups, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 70 Marston Street Lawrence, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: New two‑family residence with central heat and A/C and in‑unit laundry hookups; Two units with modern concept layouts, sun‑filled interiors, and designer finishes; Kitchens feature quartz countertops, custom cabinetry, and stainless steel appliances
