1 Grove St Lawrence — Photo 1 of 25
$649,999
Investment Analysis — 1 Grove St
Lawrence, MA 01841
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01841 carries an estimated $4,420/mo in gross rent — about a 5.31% cap rate and $34,498/yr in estimated NOI at the $649,999 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,359
Style
Multi Family
Built
1900
Welcome to this well-maintained two-family home in the Prospect Hill neighborhood of Lawrence. The first-floor unit offers 3 bedrooms and 1 full bath, while the second-floor unit features 2 bedrooms and 1 full bath. Each unit has separate utilities. Additional features include shared laundry in the basement and a security system.Outside, the property offers plentiful off-street parking, a covered patio for outdoor enjoyment, and an outdoor fire pit. The two-unit layout and separate utilities provide flexibility and functionality.Conveniently located near local amenities, parks, and public services, the property offers access to many features throughout Lawrence. Nearby outdoor spaces include O'Neill Park, Riverfront State Park, and Lawrence Heritage State Park, with public green space, outdoor paths, and views along the Merrimack River. The property is approximately 1 mile from Parthum Elementary School and approximately 4 miles from Lawrence High School. The Lawrence Public Library, shopping, dining, and downtown Lawrence are also nearby, along with a variety of everyday services and recreational opportunities.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Freezer
Geography
Listing Agent: Gabe Hulen
Listing Office: Chinatti Realty Group, Inc.
MLS® Number: 73574569
