120 Leroy Ave Lawrence — Photo 1 of 29
$525,000
Investment Analysis — 120 Leroy Ave
Lawrence, MA 01841
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01841 carries an estimated $2,410/mo in gross rent — about a 3.43% cap rate and $18,018/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,069
Style
Single Family
Built
1955
This charming Ranch-style home offering comfort, functionality, and a fantastic outdoor setting. This property features **3 bedrooms, 1.5 bathrooms, approximately 1,069 sq. ft. of living space, and an 8,000 sq. ft. lot**.Inside, you’ll find hardwood flooring, comfortable living spaces, and a partially finished basement with interior and walk-out access, providing additional flexibility for storage, recreation, or future possibilities.Step outside and enjoy one of the home’s best features: a spacious backyard complete with a **large deck and above-ground pool**, perfect for relaxing, entertaining, and enjoying warm New England days. The home also offers **off-street parking** and convenient access to shopping, parks, public transportation, schools, and major routes.A wonderful opportunity to own a single-family home with great outdoor space in Lawrence.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 535 sq ft (the lesser of 900 sq ft or half the 1,069 sq ft principal dwelling). Lot size: 8,000 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Park • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
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Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
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Lvl FirstBathroom 1
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Lvl BasementListing Agent: Daptfanim Martinez
Listing Office: Liriano Realty
MLS® Number: 73568845
