202 Broadway Unit 2-3 · Lawrence, MA
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.1%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $915 – $1,699
Heat risk 5/10 · Moderate
- Hot days now (above 98°F)
- 8 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +12.8/15.0
- Cash flow +7.5/30.0
- Appreciation +7.2/10.0
- Condition / age +4.8/5.0
- 1% rule +3.6/10.0
- Livability +3.5/5.0
- Rent growth +2.5/5.0
- DSCR +1.6/10.0
- Schools +1.2/10.0
$310,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This bright, renovated condo is move in ready! Recently updated in 2020, it features a modern kitchen with granite countertops, stainless steel appliances, and plenty of cabinet space. The open layout includes three spacious bedrooms, including a master with a walk-in closet, plus two updated bathrooms.There's natural light that fills the space and the high 9.5-foot ceilings that make it feel even more open. New flooring and fresh paint throughout make this home feel brand new. Plus, you get the convenience of an on-site laundry room and off-street parking. Located in a great spot downtown, you're close to shopping, restaurants, markets, and public transportation, with easy access to I-495 and I-93. Come see this beautifully renovated condo !
Key facts
- Walk-in closet
- On-site laundry room
- Modern kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath condo listed at $310k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $-388 ($-5k/yr) — negative.
- To cash-flow at today's rent, offer at most $241k (22.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $266k (14.3% below list).
- Recommended offer: $241k (22.1% below list) — sets the bar for cash-flow.
Location & tenants
- Location reads 70/100 on livability (#133 in MA) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+; Watch: crime C-, schools D, amenities D.
- Lawrence (suburban): math 10% / reading 19% proficiency, ranked #300 of 302 in MA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: 4 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,032 units permitted in Essex County in 2024 (590 in 5+ unit buildings).
- At $2,656/mo this rent would consume 76% of the median local household income ($42k/yr) (locally 980% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- In year one you build about $16k of equity ($2k loan paydown + $14k appreciation (4.5% local appreciation)).
- Essex County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 196 days — a 12% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 5y ago; this cycle's ask is 11823% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $240k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: HOA is 21% of rent; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 8→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 196 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.86% ✗
- Cap rate
- 4.79%
- Cash-on-cash
- -5.37%
- DSCR
- 0.76
- GRM
- 9.7
CMA / ARV
- ARV (median comp)
- $351,290
- List price
- $310,000
- Delta
- -11.75%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
4.48% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 7.0%
- Equity multiple
- 1.44×
- Total profit
- $37,845
- Equity at exit
- $165,974
- IRR
- 9.2%
- Equity multiple
- 2.62×
- Total profit
- $140,914
- Equity at exit
- $278,734
Cash invested: $86,800 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 20 Strongly Tenant-Friendly
- State Massachusetts
- 20 Strongly Tenant-Friendly · D+15
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 01840
- Home prices YoY
- 1.2%
- Active inventory
- 4
- Price-to-rent
- 9.7×
Monthly cashflow live
- Estimated rent
- $2,656 high interval (Pro) →
- Mortgage (P&I)
- −$1,626
- Tax from tax record
- −$182 /mo · $2,187/yr
- Insurance
- −$129
- HOA
- −$550
- Vacancy / Maint / Mgmt
- −$558
- Net cashflow
- $-388
Break-even live
Sensitivity live
| Price | -10% $-213 | -5% $-301 | +0% $-388 | +5% $-476 | +10% $-564 |
|---|---|---|---|---|---|
| Rent | -10% $-598 | -5% $-493 | +0% $-388 | +5% $-284 | +10% $-179 |
| Rate | -1.0pp $-232 | -0.5pp $-310 | base $-388 | +0.5pp $-469 | +1.0pp $-551 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $77,500
- Closing costs
- $9,300
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 300 Methuen St Lawrence, MA | 1.0–3.0 | 1.0–2.0 | 1010 | $1,995 | $1.98 | 3d | 1 | 0.28mi |
| 284 Essex St Lawrence, MA | 2.0 | 2.0 | 1024 | $2,500 | $2.44 | 25d | 1 | 0.47mi |
| 284 Essex St Apt 503 Lawrence, MA | 2.0 | 1.0 | 1015 | $2,350 | $2.32 | 44d | 1 | 0.47mi |
| 284 Essex St Unit 404 Lawrence, MA | 2.0 | 2.0 | 1024 | $2,500 | $2.44 | 44d | 1 | 0.47mi |
| 280 Essex St Unit 302 Lawrence, MA | 3.0 | 2.0 | 1058 | $2,750 | $2.60 | 15d | 1 | 0.47mi |
| 126 Cross St #2 Lawrence, MA | 4.0 | 1.0 | 850 | $3,000 | $3.53 | 2d | 1 | 0.50mi |
| 300 Canal St Lawrence, MA | 1.0–3.0 | 1.0–2.0 | 1381 | $3,750 | $2.71 | 2d | 33 | 0.56mi |
| 302 Canal St Unit 7-28 Lawrence, MA | 2.0 | 1.0 | 733 | $2,295 | $3.13 | 17d | 1 | 0.58mi |
| 270 Canal St Lawrence, MA | 2.0 | 1.0–2.0 | 1160 | $3,025 | $2.61 | 2d | 27 | 0.63mi |
| 136 Essex St Unit 501 Lawrence, MA | 2.0 | 1.0 | 1000 | $2,495 | $2.50 | 44d | 1 | 0.66mi |
| 14 Trenton St Lawrence, MA | 4.0 | 1.0 | 1200 | $2,800 | $2.33 | 2d | 1 | 0.67mi |
| 32 Avon St Unit 2 Lawrence, MA | 2.0 | 1.0 | 1031 | $2,500 | $2.42 | 2d | 1 | 0.72mi |
| 71 Elm St Unit 73-1 Lawrence, MA | 2.0 | 1.0 | 1350 | $2,000 | $1.48 | 44d | 1 | 0.74mi |
| 50 1/2 Common St Apt 3 Lawrence, MA | 3.0 | 1.0 | 1100 | $2,250 | $2.05 | 25d | 1 | 0.78mi |
| 215 Canal St Unit 306 Lawrence, MA | 2.0 | 2.0 | 971 | $2,600 | $2.68 | 44d | 1 | 0.82mi |
| 215 Canal St Unit 303 Lawrence, MA | 3.0 | 2.0 | 1442 | $3,200 | $2.22 | 44d | 1 | 0.82mi |
| 215 Canal St Unit 2 Lawrence, MA | 2.0 | 1.0 | 971 | $2,600 | $2.68 | 44d | 1 | 0.82mi |
| 215 Canal St Apt 503 Lawrence, MA | 3.0 | 2.0 | 1442 | $3,400 | $2.36 | 44d | 1 | 0.82mi |
| 215 Canal St Unit 402 Lawrence, MA | 2.0 | 2.0 | 1000 | $2,500 | $2.50 | 5d | 1 | 0.82mi |
| 215 Canal St Unit 403 Lawrence, MA | 3.0 | 2.0 | 1442 | $3,300 | $2.29 | 44d | 1 | 0.82mi |
| 23 Hobson St #23 Lawrence, MA | 2.0 | 1.5 | 1000 | $2,600 | $2.60 | 2d | 1 | 0.85mi |
| 185-187 Newbury St Unit 187-03 Lawrence, MA | 4.0 | 1.0 | 1300 | $2,450 | $1.88 | 18d | 1 | 0.87mi |
| 185-187 Newbury St Unit 185-02 Lawrence, MA | 4.0 | 1.0 | 1300 | $2,550 | $1.96 | 18d | 1 | 0.87mi |
| 185-187 Newbury St Unit 187-02 Lawrence, MA | 4.0 | 1.0 | 1300 | $2,550 | $1.96 | 17d | 1 | 0.87mi |
| 187 Newbury St Apt 3 Lawrence, MA | 4.0 | 1.0 | 1300 | $2,795 | $2.15 | 17d | 1 | 0.87mi |
| 74 Union St Unit 22 Lawrence, MA | 2.0 | 1.0 | 700 | $1,900 | $2.71 | 44d | 1 | 0.87mi |
| 196-198 Jackson St Unit 198-08 Lawrence, MA | 2.0 | 1.0 | 750 | $1,995 | $2.66 | 25d | 1 | 0.91mi |
| 1 S Union St Lawrence, MA | 2.0 | 1.0–1.5 | 1143 | $2,750 | $2.41 | 2d | 21 | 0.91mi |
| 32 Magnolia St Unit 2 Lawrence, MA | 3.0 | 1.0 | 1350 | $2,500 | $1.85 | 44d | 1 | 0.94mi |
| 28 Hall St Apt 3 Lawrence, MA | 3.0 | 1.0 | 1200 | $2,100 | $1.75 | 44d | 1 | 0.95mi |
| 115 Berkeley St Unit 2 Lawrence, MA | 3.0 | 1.0 | 1500 | $2,350 | $1.57 | 2d | 1 | 1.00mi |
| 162 Prospect St Unit 1 Lawrence, MA | 2.0 | 1.0 | 1100 | $2,000 | $1.82 | 25d | 1 | 1.01mi |
| 56 Coolidge St Unit 1 Lawrence, MA | 3.0 | 1.0 | 1100 | $2,600 | $2.36 | 24d | 1 | 1.02mi |
| 118 Everett St Unit 120 Lawrence, MA | 2.0 | 1.5 | 1037 | $2,600 | $2.51 | 25d | 1 | 1.02mi |
| 153 Bailey St Unit 3 Lawrence, MA | 3.0 | 1.0 | 1334 | $2,550 | $1.91 | 5d | 1 | 1.02mi |
| 153 Bailey St Unit 2 FL Lawrence, MA | 3.0 | 1.0 | 1344 | $2,600 | $1.93 | 5d | 1 | 1.02mi |
| 250 Merrimack St Lawrence, MA | 1.0–2.0 | 1.0–2.0 | 1280 | $3,090 | $2.41 | 2d | 32 | 1.03mi |
| 12 Webster Ct Unit 2 Lawrence, MA | 2.0 | 1.0 | 950 | $2,000 | $2.11 | 25d | 1 | 1.03mi |
| 70-72 Broadway Methuen, MA | 3.0 | 1.0 | 1200 | $2,250 | $1.88 | 44d | 1 | 1.03mi |
| 478 Riverside Dr Unit 301 Lawrence, MA | 2.0 | 1.0 | 932 | $1,995 | $2.14 | 25d | 1 | 1.05mi |
HOA detail condo
- Monthly dues
- $550 · $6,600/yr
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 25 events
-
2026-06-18days on market $310,000 Active 196 DOM
-
2026-06-17days on market $310,000 Active 195 DOM
-
2026-06-16days on market $310,000 Active 194 DOM
-
2026-06-15days on market $310,000 Active 193 DOM
-
2026-06-13days on market $310,000 Active 191 DOM
-
2026-06-13days on market $310,000 Active 190 DOM
-
2026-06-09days on market $310,000 Active 187 DOM
-
2026-06-08days on market $310,000 Active 186 DOM
-
2026-06-07days on market $310,000 Active 185 DOM
-
2026-06-04days on market $310,000 Active 182 DOM
-
2026-06-03days on market $310,000 Active 181 DOM
-
2026-06-02days on market $310,000 Active 180 DOM
-
2026-06-01days on market $310,000 Active 179 DOM
-
2026-05-31days on market $310,000 Active 178 DOM
-
2026-03-31status Back On Market 752-char remark
Show marketing remark (752 chars)
This bright, renovated condo is move in ready! Recently updated in 2020, it features a modern kitchen with granite countertops, stainless steel appliances, and plenty of cabinet space. The open layout includes three spacious bedrooms, including a master with a walk-in closet, plus two updated bathrooms.There's natural light that fills the space and the high 9.5-foot ceilings that make it feel even more open. New flooring and fresh paint throughout make this home feel brand new. Plus, you get the convenience of an on-site laundry room and off-street parking. Located in a great spot downtown, you're close to shopping, restaurants, markets, and public transportation, with easy access to I-495 and I-93. Come see this beautifully renovated condo !
-
2026-03-31price $310,000 752-char remark
Show marketing remark (752 chars)
This bright, renovated condo is move in ready! Recently updated in 2020, it features a modern kitchen with granite countertops, stainless steel appliances, and plenty of cabinet space. The open layout includes three spacious bedrooms, including a master with a walk-in closet, plus two updated bathrooms.There's natural light that fills the space and the high 9.5-foot ceilings that make it feel even more open. New flooring and fresh paint throughout make this home feel brand new. Plus, you get the convenience of an on-site laundry room and off-street parking. Located in a great spot downtown, you're close to shopping, restaurants, markets, and public transportation, with easy access to I-495 and I-93. Come see this beautifully renovated condo !
-
2026-01-15historical 752-char remark
Show marketing remark (752 chars)
This bright, renovated condo is move in ready! Recently updated in 2020, it features a modern kitchen with granite countertops, stainless steel appliances, and plenty of cabinet space. The open layout includes three spacious bedrooms, including a master with a walk-in closet, plus two updated bathrooms.There's natural light that fills the space and the high 9.5-foot ceilings that make it feel even more open. New flooring and fresh paint throughout make this home feel brand new. Plus, you get the convenience of an on-site laundry room and off-street parking. Located in a great spot downtown, you're close to shopping, restaurants, markets, and public transportation, with easy access to I-495 and I-93. Come see this beautifully renovated condo !
-
2025-12-05historical $2,600
-
2025-11-09$2,600
-
2025-09-20$329,900 New 752-char remark
Show marketing remark (752 chars)
This bright, renovated condo is move in ready! Recently updated in 2020, it features a modern kitchen with granite countertops, stainless steel appliances, and plenty of cabinet space. The open layout includes three spacious bedrooms, including a master with a walk-in closet, plus two updated bathrooms.There's natural light that fills the space and the high 9.5-foot ceilings that make it feel even more open. New flooring and fresh paint throughout make this home feel brand new. Plus, you get the convenience of an on-site laundry room and off-street parking. Located in a great spot downtown, you're close to shopping, restaurants, markets, and public transportation, with easy access to I-495 and I-93. Come see this beautifully renovated condo !
-
2022-03-23soldstatus $240,000 Sold 764-char remark
Show marketing remark (764 chars)
Beautifuly renovated condo in downtown Lawrence! Completely modernized in 2020 with new kitchen, new bathrooms, new flooring, new HVAC, and freshly painted interior. Kitchen features granite counter tops, stainless steel appliances, and new cabinets. Spacious floor plan offers 3 bedrooms ( with walk in closet in master bedroom ) and 2 full bathrooms .Beautiful natural light thru out, versatile floor plan, 9.5 foot ceilings! On-site laundry room, off street parking Ideal location close to shopping, markets and public transportation. Current tenant pays $1,500 per month. Located near I-495 and I-93. *****To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.*****
-
2022-03-23soldstatus $240,000
Show marketing remark (764 chars)
Beautifuly renovated condo in downtown Lawrence! Completely modernized in 2020 with new kitchen, new bathrooms, new flooring, new HVAC, and freshly painted interior. Kitchen features granite counter tops, stainless steel appliances, and new cabinets. Spacious floor plan offers 3 bedrooms ( with walk in closet in master bedroom ) and 2 full bathrooms .Beautiful natural light thru out, versatile floor plan, 9.5 foot ceilings! On-site laundry room, off street parking Ideal location close to shopping, markets and public transportation. Current tenant pays $1,500 per month. Located near I-495 and I-93. *****To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.*****
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2022-02-08status Under Agreement 764-char remark
Show marketing remark (764 chars)
Beautifuly renovated condo in downtown Lawrence! Completely modernized in 2020 with new kitchen, new bathrooms, new flooring, new HVAC, and freshly painted interior. Kitchen features granite counter tops, stainless steel appliances, and new cabinets. Spacious floor plan offers 3 bedrooms ( with walk in closet in master bedroom ) and 2 full bathrooms .Beautiful natural light thru out, versatile floor plan, 9.5 foot ceilings! On-site laundry room, off street parking Ideal location close to shopping, markets and public transportation. Current tenant pays $1,500 per month. Located near I-495 and I-93. *****To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.*****
-
2022-01-25historical Contingent 764-char remark
Show marketing remark (764 chars)
Beautifuly renovated condo in downtown Lawrence! Completely modernized in 2020 with new kitchen, new bathrooms, new flooring, new HVAC, and freshly painted interior. Kitchen features granite counter tops, stainless steel appliances, and new cabinets. Spacious floor plan offers 3 bedrooms ( with walk in closet in master bedroom ) and 2 full bathrooms .Beautiful natural light thru out, versatile floor plan, 9.5 foot ceilings! On-site laundry room, off street parking Ideal location close to shopping, markets and public transportation. Current tenant pays $1,500 per month. Located near I-495 and I-93. *****To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.*****
-
2021-12-09$250,000 New 764-char remark
Show marketing remark (764 chars)
Beautifuly renovated condo in downtown Lawrence! Completely modernized in 2020 with new kitchen, new bathrooms, new flooring, new HVAC, and freshly painted interior. Kitchen features granite counter tops, stainless steel appliances, and new cabinets. Spacious floor plan offers 3 bedrooms ( with walk in closet in master bedroom ) and 2 full bathrooms .Beautiful natural light thru out, versatile floor plan, 9.5 foot ceilings! On-site laundry room, off street parking Ideal location close to shopping, markets and public transportation. Current tenant pays $1,500 per month. Located near I-495 and I-93. *****To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.*****
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MA · Partial reset (capped growth)
- Current annual tax
- $2,187 · $182/mo
- Projected year-2 tax
- $3,000 · $250/mo
- Expected delta
- +$813/yr (+$68/mo · 37.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 5/10 Major 8 d/yr ≥98°F today · 17 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $31,878
- − Mortgage interest
- −$17,365
- − Property taxes
- −$2,187
- − Insurance
- −$1,550
- − Repairs & maintenance
- −$2,550
- − Management
- −$2,550
- − HOA
- −$6,600
- − Depreciation
- −$9,018
- Taxable loss
- −$9,942
- Est. tax savings @ 24.0%
- +$2,386
- After-tax cash flow
- $-2,275/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
This move-in ready, renovated condo is in excellent condition with modern updates throughout. It offers a bright and spacious living environment with a good layout and fresh finishes.
Value-add opportunities
- Both Painting the exterior and landscaping — Enhances curb appeal and can attract more buyers/renters.
- Both Adding smart home features — Improves convenience and can increase property value.
- Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and increase the home's value.
- Resale Upgrading the bathrooms with modern fixtures — Modern bathrooms can attract more buyers and increase the home's value.
- Rental Adding a smart thermostat — Can reduce energy costs and attract more renters.
- Rental Adding a smart lock — Can reduce maintenance and attract more renters.
Renovation cost estimate screening
Value-add ROI direction
- Both Painting the exterior and landscaping — Enhances curb appeal and can attract more buyers/renters. ↑
- Both Adding smart home features — Improves convenience and can increase property value. ↑
- Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and increase the home's value. ↑
- Resale Upgrading the bathrooms with modern fixtures — Modern bathrooms can attract more buyers and increase the home's value. ↑
- Rental Adding a smart thermostat — Can reduce energy costs and attract more renters. ↑
- Rental Adding a smart lock — Can reduce maintenance and attract more renters. ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
Schools (NCES district)
- District
- Lawrence
- NCES district ID
- 2506660
- Math proficiency
- 10% ▼ -21.00%
- Reading proficiency
- 19% ▼ -11.00%
- Median HH income
- $34,802
- Composite
- 11.87/100
- National rank
- #9672
- State rank
- #300 of 302 in MA
Livability — Lawrence
- Score
- 70/100
- State rank
- #133
- US rank
- #7750
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Lawrence, MA
- County
- Essex County · 632,995 people
- City population
- 35,967
- Metro
- Boston-Cambridge-Newton, MA-NH
- Population (ZIP)
- 8,522
- Household income
- $42,211
- Rent vs Own
- Severe rent burden
- 980.0
Population outlook (Essex County) Hauer SSP2
- Today (2025)
- 840,920 people
- By 2030
- 872,201 · +3.7%
- By 2040
- 927,918 · +10.3%
- By 2050
- 970,206 · +15.4%
- By 2075
- 1,077,993 · +28.2%
- By 2100
- 1,103,053 · +31.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Hispanic (87%)
- Race & ethnicity
- Hispanic / Latino 87% Two or more races 13% White 10% Black 2%
- Hispanic origin (detail)
- Puerto Rican 30% Dominican 46%
- Common ancestry
- Lithuanian 1% Romanian 1%
- Foreign-born
- 40% · Canada, Guatemala
- Languages at home
- 17% English-only · Spanish 82% French/Haitian/Cajun 1%
Political lean MEDSL · Essex
- 2024 margin
- Strong D (+20.3) · D 59.2% · R 38.9% · Other 1.9%
- 2008→2024 swing
- 0.0pp no change · 2008: 20.3pp · 2024: 20.3pp
- All cycles
- 2024: D+20.3 2020: D+29.1 2016: D+22.5 2012: D+16.2 2008: D+20.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 4.48%
- Current HPI
- 384.9595
- Rent YoY
- —
- Metro
- Boston-Cambridge-Newton, MA-NH
- State GDP YoY
- ▲ 2.28%
- F500 in state
- 38
Industry mix (Fortune 500 HQ in MA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 3 | $17B |
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| Insurance | 2 | $84B |
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| Retail | 2 | $76B |
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| Life Sciences | 1 | $43B |
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| Energy Technology | 1 | $31B |
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| Aerospace / Defense | 1 | $18B |
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Price history
+24.0% since first listed11 events — show timeline
- 2026-03-31 Relisted — MLS PIN
- 2026-03-31 Price Changed $310,000 MLS PIN
- 2026-01-15 Listing Removed — MLS PIN
- 2025-12-05 Rental Removed $2,600 MLSPIN
- 2025-11-09 Listed for Rent $2,600 MLSPIN
- 2025-09-20 Listed $329,900 MLS PIN
- 2022-03-23 Sold (Public Records) $240,000 Public Records
- 2022-03-23 Sold (MLS) $240,000 MLS PIN
- 2022-02-08 Pending — MLS PIN
- 2022-01-25 Contingent — MLS PIN
- 2021-12-09 Listed $250,000 MLS PIN
Property tax history
+9.7%/yrLatest (2023): $2,187 · +7.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…