Duplex with Attached
New
For Sale
$775,000
72 Byron Ave, Lawrence, MA 01841
The second floor will be delivered vacant, with an attached garage and a front porch.
Property Size2,700 SF
Price / SF$287.04
Days on Market5
Property Features for 72 Byron Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
2 Family - 2 Units Up/Down
Taxes and HOA fees
Annual Taxes
$5,734
Building Details
Building Size
2,700 SF
Year Built
1910
Listing Agency:
Safety Realty Corp.
Listed By:
Jorge Montero · License #9583566
(781) 971-0152
Source:
Kevinfruh
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 9:01AM
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 Safety Realty Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,700-square-foot duplex was built in 1910 and includes more than seven bedrooms and three full bathrooms. An attached garage provides parking and storage, while a porch adds outdoor space. The second floor will be delivered vacant to the new owner.
Key Highlights
- 2,700 square feet of living area
- Built in 1910
- More than seven bedrooms and three full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,485
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,700
$909.7K
Cap Rate 7%
$649,786
$649.8K
Cap Rate 9%
$505,389
$505.4K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$68.0K $25.20/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$65.0K $24.07/SF
− OpEx
−$19.5K −$7.22/SF
NOI
$45.5K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,700
Cap Rate 7%
$649,786
Cap Rate 9%
$505,389
Alternative Uses
Best Use
Multifamily LT 5
$649.8K
$568.6K – $758.1K
NOI $45,485 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$586.5K
$513.2K – $684.3K
NOI $41,057 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,887 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 01841, MA
53,654
Population
17,546
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
3.0 sq mi
ZIP Area
17,885
Density / Sq Mi
$54,525
Median Household Income
$34,741
Median Earnings
$1,565
Median Rent
$393,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The second floor will be delivered vacant, with an attached garage and a front porch.
Where is this duplex located?
The property is located at 72 Byron Ave Lawrence, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,700 square feet of living area; Built in 1910; More than seven bedrooms and three full bathrooms
