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7 Forest St Lawrence. MA 01841

$875,000

Multi Family

5 Bedrooms

6 Bathrooms

3,100 sq ft

1 Parking Spots

0.15 Acres

Built in 1865

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. The property has a current cap rate of 8.00%.

This listing has been viewed 42 times in the past 10 days

Last Updated: November 28th, 2024 at 5:38am

General Information for 7 Forest St, Lawrence, Massachusetts 01841

Property TypeResidential Income

Property Sub TypeMulti Family

Price$875,000

Price per sqft$282.26

MLS #73315326

Handicap Access / FeaturesNo

List Date2024-11-23

Special Listing Conditions

StateMassachusetts

Street NameForest St

CityLawrence

Zip Code01841

CountyEssex

MLS Status

Covered Parking Spaces0

Heating Y/NNo

Heating System

Heat Zones

Sold Date

Property Sub TypeMulti Family

Building Area SourcePublic Records

Building Area Total3100

Building Area Units0

CarportNo

Close Date

Close Price$0

Covered Parking Spaces0

Listing Service

UnparsedAddress7 Forest St, Lawrence MA 01841

Zoning

Interior Features for 7 Forest St, Lawrence, Massachusetts 01841

* Approx. Living Area Total3,100 sq ft

Living Area Includes BasementNo

Bedrooms5

* # Fireplaces0

Bathrooms (Total)6

Full Baths6

* # Half Baths0

* # Rooms

Basement

Heating System

Appliances

Electric

Living Area Disclosure

Living Area Includes BasementNo

Door Features

ElectricNo

Electric$1,887

MLS Area (Major)

MLSPIN_BEDRMS_11

MLSPIN_BEDRMS_21

MLSPIN_BEDRMS_31

MLSPIN_BEDRMS_41

MLSPIN_FLRS_1

MLSPIN_FLRS_2

MLSPIN_FLRS_3

MLSPIN_FLRS_4

MLSPIN_F_BTHS_11

MLSPIN_F_BTHS_21

MLSPIN_F_BTHS_31

MLSPIN_F_BTHS_41

MLSPIN_GRE$23,270

MLSPIN_HTE$0

MLSPIN_H_BTHS_10

MLSPIN_H_BTHS_20

MLSPIN_H_BTHS_3 0

MLSPIN_H_BTHS_40

OffMarketDate

Exterior Features for 7 Forest St, Lawrence, Massachusetts 01841

* Approximate Lot Size0.15 acres

Covered Parking Spaces0

Lot FeaturesOther

* Parking Spaces1

* Sewer Utilities

* Water Utilities

* Year Built1865

Year Built Details

Year Built SourcePublic Records

Construction Materials

Exterior Features

Foundation Area

Foundation MaterialsOther

Approx. Street Frontage

Horse PermittedNo

Horse Amenities

Parking Features

Utilities

Lot Size (Square Feet)6,725 Sqft

Disclosures for 7 Forest St, Lawrence, Massachusetts 01841

Buyer Agent Compensation2.5

Contingency

Financing

Disclosures

Documents Available

Exclusions

MLSPIN_COMP_BASED_ONNet Sale Price

MLSPIN_COOP_COMP

MLSPIN_DISCLOSUREN

Lead PaintUnknown

Living Area Disclosure

Living Area Includes BasementNo

Facilitator Compensation

TransactionBrokerCompensationType

BuyerAgencyCompensationType%

Financial Information for 7 Forest St, Lawrence, Massachusetts 01841

Assessed Value

Real Estate Tax$0

Tax Year

Financial Data Source

Gross Income$93,300

Insurance Expense$0

MLSPIN_LEASE_1

MLSPIN_LEASE_2

MLSPIN_LEASE_3

MLSPIN_LEASE_4

MLSPIN_LEVELS_11

MLSPIN_LEVELS_21

MLSPIN_LEVELS_31

MLSPIN_LEVELS_41

MLSPIN_MGF$0

MLSPIN_MSE$0

MLSPIN_RENT11375

MLSPIN_RENT21375

MLSPIN_RENT31275

MLSPIN_RENT41200

MLSPIN_RFS$0

MLSPIN_RME$0

MLSPIN_SOLD_PRICE_PER_SQFT$0

NetOperatingIncome$70,030

OperatingExpense$23,270

OriginalListPrice$875,000

RENT_FEE_INCLUDES

TOTAL_RENT7775

WaterSewerExpense$2,449

Lifestyle Information for 7 Forest St, Lawrence, Massachusetts 01841

FireplaceYNNo

Frontage Type

GarageYNNo

Waterview

Pool Features

Waterfront Features

Location information for 7 Forest St, Lawrence, Massachusetts 01841

Elementary School

Middle School

High School

NumberOfUnitsTotal6

Marketing History for 7 Forest St, Lawrence, Massachusetts 01841

MLSPIN_MARKET_TIME_BROKER4

MLSPIN_MARKET_TIME_PROPERTY4

PurchaseContractDate

Agent Information for 7 Forest St, Lawrence, Massachusetts 01841

Agent MLS IDCN230412

Office MLS IDAN2723

Buyer Agent MLS ID

Buyer Office MLS ID

Team Members

Payment Calculator

, Interest

Property Taxes $0

Principal & Interest 5391.47

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Spencer Norton

Horvath & Tremblay

Agent Phone

(781) 776-4524

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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            [field_id] => 3175
            [type] => select
            [name] => Status
            [value] => Active
        )

[field_3299] => Array
        (
            [field_id] => 3299
            [type] => select
            [name] => Property Category
            [value] => Multi Family
        )

[field_3298] => Array
        (
            [field_id] => 3298
            [type] => select
            [name] => Property Type
            [value] => Multi Family
        )

[field_3300] => Array
        (
            [field_id] => 3300
            [type] => select
            [name] => C_Style
            [value] => 5+ Family
        )

[field_55] => Array
        (
            [field_id] => 55
            [type] => number
            [name] => Floor Number
            [value] => 0
        )

[googlemap_ln] => Array
        (
            [field_id] => 51
            [type] => text
            [name] => Longitude
            [value] => W72° 49' 22.5'' 
        )

[googlemap_lt] => Array
        (
            [field_id] => 52
            [type] => text
            [name] => Latitude
            [value] => N42° 42' 24'' 
        )

[field_2111] => Array
        (
            [field_id] => 2111
            [type] => text
            [name] => Office Name
            [value] => Horvath & Tremblay
        )

[field_3000] => Array
        (
            [field_id] => 3000
            [type] => text
            [name] => Agent MLSID
            [value] => CN230412
        )

[field_3045] => Array
        (
            [field_id] => 3045
            [type] => price
            [name] => HOA_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3056] => Array
        (
            [field_id] => 3056
            [type] => price
            [name] => ClosePrice
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3058] => Array
        (
            [field_id] => 3058
            [type] => select
            [name] => COMP_BASED_ON
            [value] => Net Sale Price
        )

[field_3069] => Array
        (
            [field_id] => 3069
            [type] => price
            [name] => LIST_PRICE_PER_SQFT
            [raw] => 282.26
            [unit_id] => 260
            [value] => $282
            [price_only] => $282
        )

[field_3071] => Array
        (
            [field_id] => 3071
            [type] => number
            [name] => MARKET_TIME_BROKER
            [value] => 4
        )

[field_3072] => Array
        (
            [field_id] => 3072
            [type] => number
            [name] => MARKET_TIME_BROKER_PREV
            [value] => 0
        )

[field_3075] => Array
        (
            [field_id] => 3075
            [type] => datetime
            [name] => ModificationTimestamp
            [value] => 27/11/2024 08:05:00
        )

[field_3094] => Array
        (
            [field_id] => 3094
            [type] => price
            [name] => SOLD_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3095] => Array
        (
            [field_id] => 3095
            [type] => number
            [name] => STREET_NUM
            [value] => 7
        )

[field_3105] => Array
        (
            [field_id] => 3105
            [type] => select
            [name] => APOD_AVAILABLE
            [value] => No
        )

[field_3109] => Array
        (
            [field_id] => 3109
            [type] => number
            [name] => FIRE_PLACES
            [value] => 0
        )

[field_3113] => Array
        (
            [field_id] => 3113
            [type] => select
            [name] => LEASE_1
            [value] => Y
        )

[field_3114] => Array
        (
            [field_id] => 3114
            [type] => select
            [name] => LEASE_2
            [value] => Y
        )

[field_3115] => Array
        (
            [field_id] => 3115
            [type] => select
            [name] => LEASE_3
            [value] => N
        )

[field_3118] => Array
        (
            [field_id] => 3118
            [type] => price
            [name] => NOI
            [raw] => 70030
            [unit_id] => 260
            [value] => $70,030
            [price_only] => $70,030
        )

[field_3119] => Array
        (
            [field_id] => 3119
            [type] => number
            [name] => RENT1
            [value] => 1375
        )

[field_3120] => Array
        (
            [field_id] => 3120
            [type] => number
            [name] => NO_UNITS
            [value] => 6
        )

[field_3121] => Array
        (
            [field_id] => 3121
            [type] => number
            [name] => RENT2
            [value] => 1375
        )

[field_3122] => Array
        (
            [field_id] => 3122
            [type] => number
            [name] => RENT3
            [value] => 1275
        )

[field_3123] => Array
        (
            [field_id] => 3123
            [type] => number
            [name] => RENT4
            [value] => 1200
        )

[field_3126] => Array
        (
            [field_id] => 3126
            [type] => number
            [name] => TOTAL_RENT
            [value] => 7775
        )

[field_3134] => Array
        (
            [field_id] => 3134
            [type] => select
            [name] => SQUARE_FEET_INCL_BASE
            [value] => No
        )

[field_3136] => Array
        (
            [field_id] => 3136
            [type] => select
            [name] => LEASE_4
            [value] => N
        )

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 781-776-4000
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 781-776-4524
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3182] => Array
        (
            [field_id] => 3182
            [type] => select
            [name] => BuildingAreaSource
            [value] => Public Records
        )

[field_3183] => Array
        (
            [field_id] => 3183
            [type] => number
            [name] => BuildingAreaTotal
            [value] => 3100
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2.5
        )

[field_3186] => Array
        (
            [field_id] => 3186
            [type] => select
            [name] => BuyerAgencyCompensationType
            [value] => %
        )

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 1
        )

[field_3193] => Array
        (
            [field_id] => 3193
            [type] => number
            [name] => CoveredSpaces
            [value] => 0
        )

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 1887
            [unit_id] => 260
            [value] => $1,887
            [price_only] => $1,887
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[field_3209] => Array
        (
            [field_id] => 3209
            [type] => text
            [name] => FoundationDetails
            [value] => Other
        )

[field_3211] => Array
        (
            [field_id] => 3211
            [type] => number
            [name] => GarageSpaces
            [value] => 0
        )

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 93300
            [unit_id] => 260
            [value] => $93,300
            [price_only] => $93,300
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 23/11/2024
        )

[f_3225] => Array
        (
            [field_id] => 3225
            [type] => feature
            [name] => LotFeatures
            [values] => Array
                (
                    [0] => Other
                )

)

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 6,725 Sqft
            [raw] => 6725
            [unit_id] => 1
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 23270
            [unit_id] => 260
            [value] => $23,270
            [price_only] => $23,270
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 875000
            [unit_id] => 260
            [value] => $875,000
            [price_only] => $875,000
        )

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 7 Forest St, Lawrence MA 01841
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 2449
            [unit_id] => 260
            [value] => $2,449
            [price_only] => $2,449
        )

[field_3243] => Array
        (
            [field_id] => 3243
            [type] => text
            [name] => YearBuiltDetails
            [value] => Approximate
        )

[field_3245] => Array
        (
            [field_id] => 3245
            [type] => text
            [name] => YearBuiltSource
            [value] => Public Records
        )

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 23/11/2024 17:00:00
        )

[field_3253] => Array
        (
            [field_id] => 3253
            [type] => number
            [name] => MLSPIN_BEDRMS_1
            [value] => 1
        )

[field_3254] => Array
        (
            [field_id] => 3254
            [type] => number
            [name] => MLSPIN_BEDRMS_2
            [value] => 1
        )

[field_3255] => Array
        (
            [field_id] => 3255
            [type] => number
            [name] => MLSPIN_BEDRMS_3
            [value] => 1
        )

[field_3256] => Array
        (
            [field_id] => 3256
            [type] => number
            [name] => MLSPIN_BEDRMS_4
            [value] => 1
        )

[field_3260] => Array
        (
            [field_id] => 3260
            [type] => text
            [name] => MLSPIN_DISCLOSURE
            [value] => N
        )

[field_3261] => Array
        (
            [field_id] => 3261
            [type] => number
            [name] => MLSPIN_F_BTHS_1
            [value] => 1
        )

[field_3262] => Array
        (
            [field_id] => 3262
            [type] => number
            [name] => MLSPIN_F_BTHS_2
            [value] => 1
        )

[field_3263] => Array
        (
            [field_id] => 3263
            [type] => number
            [name] => MLSPIN_F_BTHS_3
            [value] => 1
        )

[field_3264] => Array
        (
            [field_id] => 3264
            [type] => number
            [name] => MLSPIN_F_BTHS_4
            [value] => 1
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 23270
            [unit_id] => 260
            [value] => $23,270
            [price_only] => $23,270
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3267] => Array
        (
            [field_id] => 3267
            [type] => number
            [name] => MLSPIN_H_BTHS_1
            [value] => 0
        )

[field_3268] => Array
        (
            [field_id] => 3268
            [type] => number
            [name] => MLSPIN_H_BTHS_2
            [value] => 0
        )

[field_3269] => Array
        (
            [field_id] => 3269
            [type] => number
            [name] => MLSPIN_H_BTHS_3
            [value] => 0
        )

[field_3270] => Array
        (
            [field_id] => 3270
            [type] => number
            [name] => MLSPIN_H_BTHS_4
            [value] => 0
        )

[field_3272] => Array
        (
            [field_id] => 3272
            [type] => text
            [name] => MLSPIN_LEAD_PAINT
            [value] => Unknown
        )

[field_3273] => Array
        (
            [field_id] => 3273
            [type] => number
            [name] => MLSPIN_LEVELS_1
            [value] => 1
        )

[field_3274] => Array
        (
            [field_id] => 3274
            [type] => number
            [name] => MLSPIN_LEVELS_2
            [value] => 1
        )

[field_3275] => Array
        (
            [field_id] => 3275
            [type] => number
            [name] => MLSPIN_LEVELS_3
            [value] => 1
        )

[field_3276] => Array
        (
            [field_id] => 3276
            [type] => number
            [name] => MLSPIN_LEVELS_4
            [value] => 1
        )

[field_3277] => Array
        (
            [field_id] => 3277
            [type] => text
            [name] => MLSPIN_MAIN_LO
            [value] => AN2723
        )

[field_3280] => Array
        (
            [field_id] => 3280
            [type] => number
            [name] => MLSPIN_MARKET_TIME_PROPERTY
            [value] => 4
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 282.26
            [unit_id] => 260
            [value] => $282
            [price_only] => $282
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3307] => Array
        (
            [field_id] => 3307
            [type] => number
            [name] => MLSPIN_FLRS_1
            [value] => 1
        )

[field_3308] => Array
        (
            [field_id] => 3308
            [type] => number
            [name] => MLSPIN_FLRS_2
            [value] => 1
        )

[field_3309] => Array
        (
            [field_id] => 3309
            [type] => number
            [name] => MLSPIN_FLRS_3
            [value] => 2
        )

[field_3310] => Array
        (
            [field_id] => 3310
            [type] => number
            [name] => MLSPIN_FLRS_4
            [value] => 2
        )

[field_3311] => Array
        (
            [field_id] => 3311
            [type] => number
            [name] => BRE_Total_Parking
            [value] => 1
        )

)

EXIT

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Active

7 Forest St Lawrence. MA 01841

$875,000

General Information for 7 Forest St, Lawrence, Massachusetts 01841

Interior Features for 7 Forest St, Lawrence, Massachusetts 01841

Exterior Features for 7 Forest St, Lawrence, Massachusetts 01841

Disclosures for 7 Forest St, Lawrence, Massachusetts 01841

Financial Information for 7 Forest St, Lawrence, Massachusetts 01841

Lifestyle Information for 7 Forest St, Lawrence, Massachusetts 01841

Location information for 7 Forest St, Lawrence, Massachusetts 01841

Marketing History for 7 Forest St, Lawrence, Massachusetts 01841

Agent Information for 7 Forest St, Lawrence, Massachusetts 01841

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Exclusive Listing Agent

Spencer Norton

Horvath & Tremblay