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3 Days on market

46 Manchester Lawrence — Photo 1 of 42

$774,000

Investment Analysis — 46 Manchester

Lawrence, MA 01841

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 01841 carries an estimated $5,410/mo in gross rent — about a 5.72% cap rate and $44,239/yr in estimated NOI at the $774,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,633

Style

3 Family - 3 Units Up/Down

Built

1910

Here's a chance to buy a home and an investment in one. 46 Manchester St is a 1910 three-family with 8 bedrooms and 3 full baths. The 2nd-floor unit is vacant and partway through a renovation, so you can make it your own. It has 3 bedrooms and about 850 sq ft. Newer wood-look flooring and a sunny bay window in the primary bedroom. The kitchen is ready for you to pick the cabinets, counters and finishes you want. The unit also has a separate living room and dining room, a good layout for an owner who wants space. The top-floor 1-bedroom unit has its own balcony, and the 1st-floor unit adds to the income. Other features include gas steam heat, separate electric meters, aluminum/vinyl siding, a full basement for storage, rear decks, off-street driveway parking and a fenced yard. It's close to downtown Lawrence, shopping, the commuter rail and I-495. You can live upstairs while your tenants help pay the mortgage, or finish the unit and rent it at market rate.

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 MLS and other third-party data may be inaccurate or out of date.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.