13-15 Falmouth St Lawrence — Photo 1 of 42
$979,000
Investment Analysis — 13-15 Falmouth St
Lawrence, MA 01843
Based on rent reported on the MLS listing, a 3-unit multi-family in 01843 carries $7,500/mo in gross rent — about a 6.33% cap rate and $61,928/yr in estimated NOI at the $979,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,546
Style
3 Family
Built
1910
Exceptional opportunity in a prime South Lawrence location, just moments from the North Andover line! This spacious 3-family home offers three bedrooms in each unit and was extensively renovated in 2024 with impressive upgrades throughout. Each unit features gleaming hardwood floors, recessed lighting, beautifully renovated kitchens and bathrooms, modern stainless steel appliances, new doors and hardware, and convenient in-unit laundry. The common and exterior areas are equally updated, reflecting the care invested throughout the property. The basement features separate utilities, new plumbing and electrical systems, including 200-amp service for each unit, and soundproof insulation on 1st and 2nd units. Off-street parking adds even more convenience, with driveway access subject to an easement. All three units are currently occupied by tenants at will, with rents below current market levels, presenting potential upside for the next owner. One unit may be delivered vacant upon request, offering an excellent option for an owner-occupant or investor. A beautifully updated, substantial 3-family property in a highly desirable location—truly a gem!
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 MLS and other third-party data may be inaccurate or out of date.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 • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Laundromat • House of Worship • Public School
Geography
Listing Agent: Ana Riffel
Listing Office: Century 21 North East
MLS® Number: 73574326
