NOT LISTED FOR SALE

44 Chester St Lawrence, MA 01843

South West Neighborhood
11 Beds
6 Baths
4,930 Sq Ft
3,484 Sq Ft Lot

Last Sold January 03, 2024

Last sale price $870,000 $176 Per Sq Ft

6 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Heating Available
  • Corner Lot

About This Home

As of January 2024

** Multiple Offer Notification -- Offer deadline: Tuesday, November 21st at 12pm. Please allow 24 hours for responses. ** Don't miss this rare opportunity to own a 4-unit rental property in South Lawrence! This fully tenanted, lead compliant, multi-family offers a lot of square footage and spacious, well-maintained units that is perfect for a new or seasoned investor. The 1st floor units are 2 bed / 1 bath garden style units with washer / dryer hookups. The 2nd floor units are townhouse style 3 and 4 bed units with 1.5 baths and laundry hook-ups in-unit with access to private front and rear decks. All heating systems and hot water tanks were replaced in 2018. The current monthly gross cash flow on this property is $6,050/month and $72,600/year!

Last Agent to Sell the Property

Jessica Tomlinson

Coldwell Banker Realty - Haverhill Listed on: 11/14/2023

Coldwell Banker Realty - Haverhill

Last Buyer's Agent

Vanessa Palmieri

Kearns Nardone Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,869

Year Built

  • Built in 1900

Lot Details

  • 3,484 Sq Ft Lot
  • Corner Lot

Parking

  • Open Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 4,930 Sq Ft Home
  • Insulated Windows
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • 4 Heating Zones
  • Heating Available
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $6,050
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Tax Block 76
  • Assessor Parcel Number 4205503

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $72,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,869

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Lead Certification Available), Unit 2(Lead Certification Available,Bathroom With Tub & Shower), Unit 3(Lead Certification Available), Unit 4(Lead Certification Available), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen), Unit 4 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Vent Hood), Unit 2(Range,Refrigerator,Vent Hood), Unit 3(Range,Refrigerator,Vent Hood), Unit 4(Range,Refrigerator,Vent Hood)
  • Total Bedrooms: 11
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 4 Laundry Room
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 4930
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • MAIN SO: AN6617

Exterior Features

  • Exterior Features: Deck - Wood
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Forced Air), Unit 2(Hot Water Baseboard), Unit 3(Forced Air), Unit 4(Hot Water Baseboard)
  • Cooling Y N: No
  • Electric: 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4205503
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6869
  • Tax Block: 76
  • Tax Lot: 0

Multi Family

  • Net Operating Income: 72600
  • Number Of Units Total: 4
  • Total Actual Rent: 6050
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2024 01/03/24 Sold $870,000 +8.9% $176 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $799,000 -- $162 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jessica Tomlinson

    Seller's Agent in 2024

    Jessica Tomlinson

    Coldwell Banker Realty - Haverhill

    (978) 509-3137

    2 in this area

    104 Total Sales

    Jessica Tomlinson
    Section Image

  • V

    Buyer's Agent in 2024

    Vanessa Palmieri

    Kearns Nardone Realty LLC

    1 in this area

    26 Total Sales

    Vanessa Palmieri
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73180332

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lawrence 01843 South West

44 Chester St, Lawrence, MA

Not Listed for Sale

MultiFamily

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