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Active

61-63 Kingston St, Lawrence MA 01843

$599,900

Estimated $1,429.98/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $199,966.67

Total Rent: 0/year

Estimated CAP Rate: -0.91%

6 Bedrooms

3 Full Baths

3,135 SqFt

Total Parking: 0

1,858 SqFt

Cash buyer’s dream deal! This 3-family offers strong long-term upside and solid mechanical updates, making it an excellent opportunity for the savvy investor. Property must be sold to a cash buyer due to a first-floor life-estate tenant, allowing the next owner to secure a value-add asset at a favorable entry point. All three heating systems and hot water tanks were replaced in 2019, and electrical service was updated to 100 amps per unit in 2025, reducing major upfront expenses. The second and third floors are vacant offering straightforward potential to reconfigure into 3-bedroom layouts to increase future income. Recently subdivided from 59 Kingston Street—sale includes only the 3-decker at 61–63 Kingston. While off-street parking is not included, the area provides ample on-street parking. A strategic investment with meaningful upside once fully repositioned. Book your private showing now!

This home has been viewed 23 times

Last Checked: December 13th, 2025 at 5:43am (Source: MLS PIN #73461771)

Gross Income: $0

Gross Expenses: $5,487

Net Income Calc: $5,487

CAP Rate: -0.91%

Annual Expenses for 61-63 Kingston St, Lawrence MA 01843

Total Gross Expenses (Calculated)$5,487/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,487

Annual Income & Unit Breakdown for 61-63 Kingston St, Lawrence MA 01843

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 61-63 Kingston St, Lawrence MA 01843

Listing ID73461771

Property TypeMulti Family / 3 Family

Price$599,900 ($191.36/SqFt)

Style3 Family

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,135 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 61-63 Kingston St, Lawrence MA 01843

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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 61-63 Kingston St, Lawrence MA 01843

Real Estate Taxes$5,487

Tax Year2025

Assessed Value$634,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.91%

Location Information for 61-63 Kingston St, Lawrence MA 01843

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Park, Medical Facility, Public Transportation

Contact Information for 61-63 Kingston St, Lawrence MA 01843

Agent

Name: Jose Frias

Office

Name: Realty ONE Group Nest

Phone: 978-655-1385

Team Members

Payment Calculator

, Interest

Property Taxes 457.25

Principal & Interest 3696.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Realty ONE Group Nest

Jose Frias

Agent Phone

Office Phone

(978) 655-1385

Text Agent Call Agent Call Office

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    [description] => Cash buyer’s dream deal! This 3-family offers strong long-term upside and solid mechanical updates, making it an excellent opportunity for the savvy investor. Property must be sold to a cash buyer due to a first-floor life-estate tenant, allowing the next owner to secure a value-add asset at a favorable entry point. All three heating systems and hot water tanks were replaced in 2019, and electrical service was updated to 100 amps per unit in 2025, reducing major upfront expenses. The second and third floors are vacant offering straightforward potential to reconfigure into 3-bedroom layouts to increase future income. Recently subdivided from 59 Kingston Street—sale includes only the 3-decker at 61–63 Kingston. While off-street parking is not included, the area provides ample on-street parking. A strategic investment with meaningful upside once fully repositioned. Book your private showing now!
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[high_school] => 
    [horse_features] => Array
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[horse_permitted] => No
    [hot_water] => Array
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[id] => 713808
    [insurance_expense] => Array
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[last_month_required] => Array
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[last_sync_date] => 2025-12-13 05:43:21
    [laundry_features] => Array
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[lead_paint] => Array
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[living_area_includes_basement] => Array
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[middle_school] => 
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            [phone] => 978-655-1385
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[optional_price] => 0
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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    [pool_features] => Array
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[road_frontage_type] => Array
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[rooms] => 15
    [senior_community] => No
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[sewer_expense] => Array
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    [tag_generator] => 
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    [tag_laundry] => 1
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [total_parking] => 0
    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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[unit_1_levels] => 1
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[unit_4_bathrooms] => 
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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    [waterfront_features] => Array
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EXIT

Active

61-63 Kingston St, Lawrence MA 01843

$599,900

Annual Expenses for 61-63 Kingston St, Lawrence MA 01843

Annual Income & Unit Breakdown for 61-63 Kingston St, Lawrence MA 01843

General Information for 61-63 Kingston St, Lawrence MA 01843

Disclosures for 61-63 Kingston St, Lawrence MA 01843

Financial Information for 61-63 Kingston St, Lawrence MA 01843

Location Information for 61-63 Kingston St, Lawrence MA 01843

Contact Information for 61-63 Kingston St, Lawrence MA 01843

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Realty ONE Group Nest

Jose Frias