NOT LISTED FOR SALE
7 Beds
5 Baths
4,043 Sq Ft
6,262 Sq Ft Lot

Sale Details

Date Sold: April 19, 2024

Last sale price $870,000 $215 Per Sq Ft

11 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Jogging Path
  • Wood Flooring
  • Mud Room
  • Balcony

About This Home

As of April 2024

Welcome to this fantastic four unit property in the heart of Lawrence MA, (Tower Hill area), where value add and cash flow opportunities abound! This well maintained multifamily presents an ideal investment opportunity for both owner occupants and passive income seekers. Each of the four units provide ample space for comfortable living. With a convenient location and strong rental demand, this property offers great income potential for investors. The units are well suited for value add improvements and current rents are well below market, allowing owners to enhance the property's appeal and maximize rental income. Bonus space in Attic, see pictures. Buyer and buyer's agent to do their own due diligence.

Last Agent to Sell the Property

Erwin Mata

Lillian Montalto Signature Properties Listed on: 01/14/2024

Last Buyer's Agent

Michelle Fermin

Century 21 North East

Century 21 North East
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,031

Year Built

  • Built in 1927

Lot Details

  • 6,262 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Common or Shared Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Block Foundation
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 4,043 Sq Ft Home
  • Mud Room
  • Living Room
  • Storage
  • Washer and Dryer Hookup
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range
  • Attic

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms
  • Bathtub

Outdoor Features

  • Balcony
  • Shed
  • Porch

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $6,800
  • Rent includes unit 1(none), unit 2(none), unit 3(none), unit 4(none)
  • Assessor Parcel Number M:0210 B:0000 L:0008

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $2,600
  • Operating Expense $17,844
  • Net Operating Income $60,156

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,031

Year Built

Built in 1927

Lot Details

6,262 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1927
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Tile, Vinyl, Laminate, Hardwood, Wood
  • Interior Amenities: Floored Attic, Walk-Up Attic, Pantry, Storage, Upgraded Cabinets, Bathroom With Tub, Mudroom, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 7
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Washer & Dryer Hookup
  • Basement: Full, Unfinished
  • Living Area: 4043
  • Spa YN: No
  • Stories Total: 8
  • MAIN LO: M59500
  • MAIN SO: AN4339

Exterior Features

  • Exterior Features: Balcony/Deck, Varies per Unit
  • Construction Materials: Stone
  • Foundation Details: Concrete Perimeter, Block, Stone
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Common, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Varies per Unit
  • Cooling: None, Window Unit(s), Wall Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
  • Rent Includes: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0210 B:0000 L:0008
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6262
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7031

Multi Family

  • Insurance Expense: 2600
  • Net Operating Income: 60156
  • Number Of Units Total: 4
  • Operating Expense: 17844
  • Total Actual Rent: 6800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/19/2024 04/19/24 Sold $870,000 +3.0% $215 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/14/2024 01/14/24 For Sale $844,987 -- $209 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,948 $542,308
2024 $12,796 $527,025
2023 $12,796 $511,675 $0 $0
2022 $7,981 $496,772 $0 $0
2021 $8,026 $482,303 $0 $0
2020 $7,902 $475,644 $0 $0
2019 $7,688 $458,044 $0 $0
2018 $7,502 $449,504 $0 $0
2017 $6,743 $440,258 $0 $0
2016 $6,956 $431,205 $0 $0
2015 $6,612 $428,207 $0 $0
2014 $6,612 $424,809 $0 $0
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73193428

MLS Property Information Network (MLS PIN)
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