Homes for sale - 7 Forest St, Lawrence, MA 01841

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KIRK & STACY WEINGARTEN

stacy.weingarten@joinreal.com +1(941) 432-4141

$825,000

Est. payment - /mo

5 Beds

6 Baths

3,100 SqFt

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UPDATED:

02/24/2025 11:02 PM

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,100 sqft

Price per Sqft $266

MLS Listing ID 73315326

Bedrooms 5

Full Baths 6

Year Built 1865

Annual Tax Amount $5,454

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type 5-9 Family

Property 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.

Location

State MA

County Essex

Zoning 14

Direction Please use GPS

Exterior

Total Parking Spaces 1

Garage No

Building

Lot Description Other

Story 9

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Horvath & Tremblay

7 Forest St Lawrence, MA 01841