NOT LISTED FOR SALE

61-63 Brook St Lawrence, MA 01841

Downtown Lawrence Neighborhood
9 Beds
3 Baths
3,636 Sq Ft
3,200 Sq Ft Lot

Last Sold October 23, 2024

Last sale price $820,000 $226 Per Sq Ft

7 Days on Market

Highlights

  • Medical Services
  • Jogging Path
  • Living Room
  • Property is near public transit
  • Storm Windows
  • Park

About This Home

As of October 2024

This charming 3-unit building, priced to sell, is a fantastic investment opportunity located just minutes from downtown. Pretty park nearby to enjoy nature! Each unit features 3 bedrooms, 1 bathroom and a living room. The building consistently generates solid rental income, with long-term tenants who appreciate the proximity to downtown’s vibrant scene and easy access to nature. The park nearby is perfect for outdoor activities, while local shops, restaurants, and public transport are all within minutes. Whether you're looking to expand your portfolio or start your investment journey, this building offers an excellent combination of location, stability, and potential for growth. Don’t miss out on this opportunity to secure a profitable and well-located multi-unit property at a great price!

Last Agent to Sell the Property

Michelle Fermin

Century 21 North East Listed on: 08/21/2024

Century 21 North East

Co-Listed By

Betty Camilo

Century 21 North East

Last Buyer's Agent

Michelle Fermin

Century 21 North East Listed on: 08/21/2024

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,417

Year Built

  • Built in 1917

Lot Details

  • 3,200 Sq Ft Lot
  • Fenced

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,636 Sq Ft Home
  • Living Room
  • Dining Room
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House
  • Storm Windows

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $5,500
  • Rent includes unit 1(none), unit 2(none)
  • Assessor Parcel Number M:0089 B:0000 L:0021,4203027

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,417

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1917
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl
  • Interior Amenities: Lead Certification Available, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3636
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Storm Window(s)
  • MAIN LO: AN4339
  • MAIN SO: AN4339

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Natural Gas, Individual
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Public School
  • Rent Includes: Unit 1(None), Unit 2(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0089 B:0000 L:0021,4203027
  • Zoning: I2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3200
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5417

Multi Family

  • Net Operating Income: 66000
  • Number Of Units Total: 3
  • Total Actual Rent: 5500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2024 10/23/24 Sold $820,000 +1.9% $226 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $804,900 -- $221 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michelle Fermin

    Seller's Agent in 2024

    Michelle Fermin

    Century 21 North East

    (978) 423-6545

    7 in this area

    1,135 Total Sales

    Michelle Fermin
    Section Image
  • Betty Camilo

    Seller Co-Listing Agent in 2024

    Betty Camilo

    Century 21 North East

    (978) 360-9218

    1 in this area

    33 Total Sales

    Betty Camilo
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73280211

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lawrence 01841 Downtown Lawrence

61-63 Brook St, Lawrence, MA

Not Listed for Sale

MultiFamily

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