$1,050,000
SOLD FEB 7, 2025
12 Beds
5.5 Baths
4,629 Sq Ft
6,470 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

186 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Home Office
  • 1-minute walk to Lawrence Riverfront State Park

About This Home

As of February 2025

This versatile 3-family property can be converted into up to 4 units. It's located in a quiet area right across from the Riverfront State Park. Each unit has been fully renovated and features modern appliances. The property has 3 electric fireplaces, recessed lighting, washer and dryer, and private balconies. This spacious residence also includes a modern 2-car garage a newly constructed studio office space with a full bath and kitchenette on top of the garage. A spacious driveway provides parking for up to 10 cars, and security cameras ensure added safety. Conveniently 5 minutes from the Lawrence train station with easy access to Route 495 and Route 93 making any commute a breeze. Whether you're looking to reside or invest, this property offers solid rental income potential. Its prime location, ample parking, and appealing features make it an excellent choice for savvy investors aiming to maximize their portfolio.

Last Agent to Sell the Property

Gabriela Pena

Chinatti Realty Group, Inc. Listed on: 06/25/2024

Chinatti Realty Group, Inc.

Last Buyer's Agent

Gabriela Pena

Chinatti Realty Group, Inc. Listed on: 06/25/2024

Chinatti Realty Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,223

Year Built

  • Built in 1920

Lot Details

  • 6,470 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 4,629 Sq Ft Home
  • Property has 1 Level
  • Electric Fireplace
  • Insulated Windows
  • Insulated Doors
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Washer and Dryer Hookup

Kitchen

  • Range with Range Hood
  • Microwave
  • Freezer

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Bathtub with Shower

Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Total Actual Rent $10,000
  • Rent includes unit 1(gas water), unit 2(water hot water), unit 3(heat electric gas water hot water), unit 4(heat electric gas water hot water)
  • Assessor Parcel Number M:0161 B:0000 L:0013,4208251

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 3 Units
  • Coin Laundry
  • Net Operating Income $120,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,223

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1920
  • Levels: 4
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Laminate, Hardwood, Wood
  • Interior Amenities: Laundry Room, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Internet Available - Unknown, Living Room, Kitchen, Family Room, Dining Room, Office/Den
  • Door Features: Insulated Doors
  • Fireplace Features: Electric
  • Fireplace YN: Yes
  • Appliances: Range, Microwave, Refrigerator, Freezer, Range Hood
  • Total Bedrooms: 12
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bathrooms: 5.5
  • Laundry Features: Washer & Dryer Hookup
  • Basement: Finished, Walk-Out Access, Interior Entry
  • Living Area: 4629
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: AN7396
  • LIST PRICE PER Sq Ft: 226.83
  • PRICE PER Sq Ft: 226.83
  • MAIN SO: AN7396

Exterior Features

  • Exterior Features: Balcony/Deck, Balcony
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Wood, Patio
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Laundromat, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Gas,Water), Unit 2(Water,Hot Water), Unit 3(Heat,Electric,Gas,Water,Hot Water), Unit 4(Heat,Electric,Gas,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0161 B:0000 L:0013,4208251
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6470
  • Lot Size Units: Acres
  • PAGE: 64
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8223
  • Tax Book Number: 14252

Multi Family

  • Gross Income: 120000
  • Net Operating Income: 120000
  • Number Of Units Total: 3
  • Total Actual Rent: 10000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2015
Sold by
Ortega Daniel J
Bought by
Contreras Eduardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,613
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 18, 2012
Sold by
Ortiz Rolando and Ortiz Rachel
Bought by
Ortega Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,997
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2008
Sold by
Accredited Home Lender
Bought by
Ortiz Rachel and Ortiz Rolando

Purchase Details

Closed on
Jul 23, 2007
Sold by
Candelario Edwin and Mers
Bought by
Accredited Hm Lenders

Purchase Details

Closed on
Mar 18, 2005
Sold by
Rivera Ricardo
Bought by
Candelario Edwin and Candelario Gloria E

Purchase Details

Closed on
Jun 5, 2002
Sold by
Gaumond Robert F and Gaumond Colleen F
Bought by
Rivera Ricardo

Purchase Details

Closed on
Jul 13, 1998
Sold by
Motram Glen G
Bought by
Gaumond Robert F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $305,000 --
Not Resolvable $256,500 --
Deed $179,900 --
Deed $179,900 --
Foreclosure Deed $336,400 --
Foreclosure Deed $336,400 --
Deed $350,000 --
Deed $350,000 --
Deed $258,000 --
Deed $258,000 --
Deed $149,000 --
Deed $149,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,500 Commercial
Closed $34,315 FHA
Closed $288,613 FHA
Previous Owner $249,997 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $1,050,000 0.0% $227 / Sq Ft
12/30/2024 12/30/24 Pending -- -- --
12/27/2024 12/27/24 For Sale $1,050,000 0.0% $227 / Sq Ft
07/31/2024 07/31/24 Off Market $1,050,000 -- --
07/31/2024 07/31/24 For Sale $1,050,000 0.0% $227 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $1,050,000 -- $227 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,942 $902,500 $158,100 $744,400
2024 $8,223 $889,000 $125,600 $763,400
2023 $8,058 $793,100 $125,600 $667,500
2022 $7,512 $656,600 $124,700 $531,900
2021 $6,200 $505,300 $123,000 $382,300
2020 $5,861 $471,500 $108,000 $363,500
2019 $6,145 $449,200 $91,200 $358,000
2018 $5,878 $410,500 $87,000 $323,500
2017 $5,002 $326,100 $82,000 $244,100
2016 $4,746 $306,000 $70,100 $235,900
2015 -- $301,600 $70,100 $231,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73256218

MLS Property Information Network (MLS PIN)

APN: LAWR-000161-000000-000013