Duplex with Off-Street
78 Marble Ave, Lawrence, MA 01841
For Sale
New
$695,000
Two-family property offers 1,843 square feet, a basement half bath, and parking for at least two vehicles.
Property Size1,843 SF
Price / SF$377.10
Days on Market2
Property Features for 78 Marble Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Living Room
Dining Room
Kitchen
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
T.A. Sullivan Agency Inc.
(978) 681-8511
Listed By:
Michael Sullivan · License #456001334
(978) 204-2758
Source:
Condonrealty
Added: Nov 6
Last Checked: Nov 6 at 2:23PM
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 T.A. Sullivan Agency Inc.
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Investment Insights
Based on property information with market context.
This two-family property contains 1,843 square feet and was built in 1905. A half bath is located in the basement. The second-floor gas heating furnace requires repair or replacement, and the property is being sold as-is.
The property is in Tower Hill, near the Methuen line. Off-street parking accommodates at least two cars. Zoning is R2.
The property is in Tower Hill, near the Methuen line. Off-street parking accommodates at least two cars. Zoning is R2.
Key Highlights
- Two‑family property with 1,843 square feet
- Built in 1905
- Basement half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,048
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,960
$621.0K
Cap Rate 7%
$443,543
$443.5K
Cap Rate 9%
$344,978
$345.0K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$46.4K $25.20/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$44.4K $24.07/SF
− OpEx
−$13.3K −$7.22/SF
NOI
$31.0K $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%
$620,960
Cap Rate 7%
$443,543
Cap Rate 9%
$344,978
Alternative Uses
Best Use
Multifamily LT 5
$443.5K
$388.1K – $517.5K
NOI $31,048 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$400.4K
$350.3K – $467.1K
NOI $28,025 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.09M
$954.7K – $1.27M
NOI $76,373 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
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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
$393,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lawrence, MA
Properties on Market for Duplexes in Lawrence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property offers 1,843 square feet, a basement half bath, and parking for at least two vehicles.
Where is this duplex located?
The property is located at 78 Marble Ave Lawrence, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑family property with 1,843 square feet; Built in 1905; Basement half bath
