Three-Unit Multifamily
87-89 Margin St Lawrence, MA 01841
87-89 Margin St, Lawrence, MA, 01841
$950,000
For Sale
$950,000
Three-unit property is fully occupied, producing $7,900 per month in gross rental income.
Property Size4,046 SF
Price / SF$234.80
Days on Market38
Property Features for 87-89 Margin St
General Information
- Standard status
- Active
- Size
- 4,046 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1890
Listing agency
Realty ONE Group Nest
(978) 771-3983
Listed by
Katherina Ramirez
(978) 771-3983
Source
Lockandkeyre
Added: Jun 14 Updated: Jul 21 at 4:56AM Checked: Jul 21 at 4:56AM
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 Realty ONE Group Nest
Investment Insights
Based on property information with market context.
This three-unit multifamily property is fully occupied and presented as a stabilized rental asset. The building consists of three residential units and is generating $7,900 per month in gross rental income.
The property is positioned conveniently near shopping and local amenities, supporting day-to-day tenant access to surrounding services.
Offered for sale, this 3-unit building is described as performing and ready to transfer, with current occupancy in place at the time of listing.
The property is positioned conveniently near shopping and local amenities, supporting day-to-day tenant access to surrounding services.
Offered for sale, this 3-unit building is described as performing and ready to transfer, with current occupancy in place at the time of listing.
Key Highlights
- 3‑unit multi‑family property built in 1890
- Fully occupied with $7,900 per month in gross rental income
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 | $102.0k | $25.20 |
| − Vacancy | −$4.6k | −$1.13 |
| EGI | $97.4k | $24.07 |
| − OpEx | −$29.2k | −$7.22 |
| NOI | $68.2k | $16.85 |
4,046 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$973.7K
$852.0K – $1.14M
NOI $68,160 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$878.9K
$769.1K – $1.03M
NOI $61,525 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$2.40M
$2.10M – $2.79M
NOI $167,665 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property is fully occupied, producing $7,900 per month in gross rental income.
Where is this triplex located?
The property is located at 87-89 Margin St Lawrence, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3‑unit multi‑family property built in 1890; Fully occupied with $7,900 per month in gross rental income
