$825,000 $4,429 est/mo Sourced by Back At You
7 Forest St , Lawrence, MA 01841
Lawrence, MA 01841
Description
Current cap rate of 8.52%. 7 Forest St contains a total of six (6) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, two (2), 1+ Bedroom/1-Bathroom units, and one (1) Studio unit with 3,100 square feet of living area in 5,458 gross square feet on a 0.15-acre parcel of land. The property features separately metered heat, hot water, and electricity for 5 of the units. The units have below-market residential rents, the opportunity exists to increase the rents to market rates in an urban-infill, high demand, supply-constrained residential market increasing the income of the Property.
Details
| MLS# | 73315326 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1865 |
| Days On Site | 119 |
| Listing Provided By | Horvath & Tremblay | Spencer Norton |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,100 |
| Story(s) | 9 |
| Units | 6 |
| Zoning | 14 |
| Acreage | 0.15 |
Market Activity 01841
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Lawrence |
| Zip Code | 01841 |
| Area | Essex |
| Listing VS Median (In 01841) | |
Price: $825,000 low | high Med: $399,900 SqFt: 3,100 low | high Med: 1,224 $ / SqFt: $266 low | high Med: $327 On site: 119 low | high Med: 33.000000 | |
Listing Updated: March 7, 2025 at 3:58:22 AM PST