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10 Kempton Ct 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 7.02% Cap Rate Lawrence, MA 01841
Investment Highlights
- Six-unit multifamily asset.
- Off-street parking available in front and side parking areas.
- Updated water heaters installed between 2018 and 2025.
- Located near shopping, transit, restaurants, and major highways.
Executive Summary
Fully occupied 6-unit multifamily investment property. Current rents include 5 units at $1,700/month and one unit at $1,900/month, generating $10,400/month in gross rental income. Property offers strong cash flow with upside potential. 8 parking spaces available.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.02% | Building Size | 7,368 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Apartment Building - 4-8 Units | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| Gross Rent Multiplier | 12 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,368 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | R-3 - Apartment Building - 4-8 Units |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | LAWR-000166-000000-000071-000002-000002 | Total Assessment | $739,800 |
| Land Assessment | $117,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $622,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
LAWR-000166-000000-000071-000002-000002
Land Assessment
$117,000
Improvements Assessment
$622,800
Total Assessment
$739,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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10 Kempton Ct