16A Exeter St, Lawrence, MA 01843
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$1,425,000
6 Unit
0 Beds
6 Baths
3720 SQFT
0.23 Acre

Property Description

16A Exeter St contains a total of six (6) residential units comprised of five (5) 2-bedroom/ 1-bathroom units and one (1) 1-bedroom/ 1-bathroom unit. The building has 3,720 square feet of living area in 5,596 gross square feet on a .23 acre parcel of land. The property is well located in South Lawrence and features nine (9) off-street parking spaces. There have been many recent improvements, including a new stone walkway and steps, updated common areas, new coin-operated washer and dryer, and new windows. The property has a current cap rate of 7.10%.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Full Baths: 6

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 135600
  • Gross Expenses: 30386
  • GSE: 5909
  • Electric Expenses: 1350
  • Water/Sewer: 4670
  • INSC: 4371
  • Net Operating Income: 101200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1970
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73394426
  • Last Updated: 06/20/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/20/2025New$1,425,000$383MLSPIN

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Seller's Representative: Spencer Norton, Horvath & Tremblay
Sub Agent Compensation: 2
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-20 12:37:00