THE LOCATION INVESTMENT OF A LIFETIME! SELDOM DOES AN OPPORTUNITY PRESENT ITSELF ON THIS THRIVING DOWNTOWN STREET! STEPS FROM COLONIAL INN! This maintained 2 FAMILY HOME is an INVESTORS DREAM come true! TWO RENTALS IN THE CENTER! Option 2 is to CONVERT TO A SINGLE FAMILY HOME! Village life and walkability is second to none! This property features a downstairs unit and an upstairs unit. Both have been CONSISTENTLY RENTED FOR YEARS! The DOWNSTAIRS UNIT features 2 BEDROOMS, a large living room with built-in bookcases, kitchen, mudroom and full bath! The 2ND FLOOR features 2 BEDROOMS with wall to wall carpeting, a full bathroom and full kitchen! Laundry in the basement! Each unit has designated parking! OPTIONS ABOUND - rent one or both units OR TRANSFORM THIS ANTIQUE CANVAS INTO A 3 OR 4 BEDROOM DREAM HOME THAT IS LITERALLY IN CONCORD’S HISTORIC CENTER. Enjoy all that Concord has to offer! It would be easy to see that this home could be converted to a single family! AMAZING OPORTUNITY!
This home has been viewed 25 times
Last Checked: December 2nd, 2025 at 8:08am (Source: MLS PIN #73444105)
Gross Income: $47,400
Gross Expenses: $10,233
Net Income Calc: $37,167
CAP Rate: 3.80%
Annual Expenses for 38-40 Court Lane, Concord MA 01742
Total Gross Expenses (Calculated)$10,233/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$10,233
Annual Income & Unit Breakdown for 38-40 Court Lane, Concord MA 01742
Total Gross Income (Calculated)$47,400
Unit 1
Rental Income$1,800
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$2,150
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 38-40 Court Lane, Concord MA 01742
Listing ID73444105
Property TypeMulti Family
Price$979,000 ($570.51/SqFt)
StyleMulti Family
CityConcord
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total1,716 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking2
Garage Parking
Year Built1850
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual,Renovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesOther
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor SpacePorch
ZoningC
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 38-40 Court Lane, Concord MA 01742
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$47,400
Total Net Income By Broker$47,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 38-40 Court Lane, Concord MA 01742
Real Estate Taxes$10,233
Tax Year2025
Assessed Value$771,700
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$47,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$47,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)3.80%
Location Information for 38-40 Court Lane, Concord MA 01742
Elementary SchoolAlcott
Middle SchoolCms
High SchoolCchs
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 38-40 Court Lane, Concord MA 01742