Three-Unit Residential
76 Tewksbury St, Lawrence, MA 01843
For Sale
New
$949,900
Two apartments are rented, while the third offers an owner-occupancy option.
Property Size3,050 SF
Price / SF$311.44
Days on Market5
Property Features for 76 Tewksbury St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Team Impressa LLC
Listed By:
Mohamed Salem
(978) 770-5379
Source:
Kevinfruh
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 8:41AM
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 Team Impressa LLC
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Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 3,050 square feet. The first- and second-floor apartments each have three bedrooms, a living room, and a separate dining room; the third-floor unit has one bedroom and a combined living and dining area. Two units are currently rented.
Improvements include a roof, three water heaters, and driveway paving completed in 2025. Electrical work has been updated, the heating boilers are newer, and the balconies and decks have also been updated. The property includes six off-street parking spaces and is near parks, public transportation, and highways.
Improvements include a roof, three water heaters, and driveway paving completed in 2025. Electrical work has been updated, the heating boilers are newer, and the balconies and decks have also been updated. The property includes six off-street parking spaces and is near parks, public transportation, and highways.
Key Highlights
- Three residential units; two are currently rented
- Approximately 3,050 square feet of living space
- First- and second‑floor units each have three bedrooms and separate living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,381
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,620
$1.0M
Cap Rate 7%
$734,014
$734.0K
Cap Rate 9%
$570,900
$570.9K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$76.9K $25.20/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$73.4K $24.07/SF
− OpEx
−$22.0K −$7.22/SF
NOI
$51.4K $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%
$1,027,620
Cap Rate 7%
$734,014
Cap Rate 9%
$570,900
Alternative Uses
Best Use
Multifamily LT 5
$734.0K
$642.3K – $856.4K
NOI $51,381 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,391 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 01843, MA
28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Essex County, MA
Properties on Market for Triplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are rented, while the third offers an owner-occupancy option.
Where is this triplex located?
The property is located at 76 Tewksbury St Lawrence, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three residential units; two are currently rented; Approximately 3,050 square feet of living space; First- and second‑floor units each have three bedrooms and separate living and dining rooms
