Multi-Family for Sale: 7 Forest St, Lawrence, MA 01841

5 beds
6 full baths
3,100 sqft
$875,000
$875,000
7 Forest St, Lawrence, MA 01841
5 beds
6 full baths
3,100 sqft
$875,000
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Price:
$875,000

Type Multi-Family
Beds 5
Total Baths 6 full baths
Square Feet 3,100 sqft
Lot Size 0.15 acres
Year Built 1865

City Lawrence
County Essex

MLS 73315326
Status Active
DOM 18 days
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. The property has a current cap rate of 8.00%.

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $5,454
Water Public
Foundation Other
Full Baths 6
Total Rooms 17
Garage Spaces 0

Price History of 7 Forest St, Lawrence, MA

Date Name Price Difference
11/23/2024 Listing Price $875,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 7 Forest St, Lawrence, MA

Location Map Street View
Photo of Terri Fraser
Terri Fraser
Associate Broker
Direct: 603-380-4809
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360 x12
Listed by Horvath & Tremblay, Spencer Norton
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1%
6.75%
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Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

7 Forest St (MLS #73315326) is a multi-family listing located in Lawrence, MA. This multi-family listing is 3,100 sqft and on a lot of 6,725 sqft (or 0.15 acres) with 5 bedrooms, 6 baths and is 159 years old. This property was listed on 11/23/2024 and has been priced for sale at $875,000.

Nearby zip codes are 01840, 01843, 01844, 01845 and 01852. This property neighbors other cities such as Andover, Boston, Methuen, North Andover and Salem.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Horvath & Tremblay

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.