168 Howard St Lawrence — Photo 1 of 29
$624,900
Investment Analysis — 168 Howard St
Lawrence, MA 01841 — Prospect Hill
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 2.87% cap rate and $17,933/yr in estimated NOI at the $624,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,367
Style
Single Family
Built
1900
Opportunity Awaits at 168 Howard Street! Lovingly cared for by the same family for over 60 years, this 3-bedroom, 2-bath single-family home is filled with original character, charming built-ins, and possibilities for its next chapter. Situated on an oversized lot in Lawrence's R-2 zoning district, this property offers an exciting opportunity for owner-occupants, investors, contractors, and developers alike. Continue enjoying the property as a single-family home with a large outdoor space or explore the potential for conversion or expansion into a two-family residence. The generous lot may also provide additional possibilities, including an accessory dwelling unit (ADU) and potential subdivision with necessary variance and municipal approvals. It is conveniently located with easy access to major highways, shopping, restaurants, schools, and area amenities. Whether you're looking for a home with character, a multi-generational living opportunity, rental potential, or a property with future development possibilities, 168 Howard Street is one you won't want to miss. Buyer and buyer's agent to perform all due diligence regarding zoning, two-family use, ADU eligibility, subdivision potential, variances, permitting, lot requirements, and any proposed or intended use of the property.
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: 684 sq ft (the lesser of 900 sq ft or half the 1,367 sq ft principal dwelling). Lot size: 11,155 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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Public Transportation • Pool • Park • Medical Facility • Highway Access • Public School
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Listing Agent: Shauna Andrade
Listing Office: LAER Realty Partners
MLS® Number: 73571591
