63 Cottage Lane, Concord MA 01742
Concord, MA 01742
$2,200,000
$1,850,000
Est. $11,041/month
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About this home
Rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of historic Concord. The Cottage Lane Apartments consist of (4) studio units and (6) one-bedroom apartments, offering a desirable mix for a broad tenant base. Property amenities include off-street parking, on-site laundry facilities, and separately metered electric service, with ownership responsible for heat and hot water. Significant capital improvements include a roof replacement and lead compliance certification for all units. Ideally located just minutes from Concord Center and the MBTA Commuter Rail, residents enjoy convenient access to Cambridge and Boston, along with Concord’s acclaimed schools, vibrant downtown, shops, restaurants, and cultural attractions. With strong rental demand, limited multifamily inventory, and long-term upside in one of Greater Boston’s most sought-after communities, this property presents an exceptional investment opportunity.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
15.9%
Price Range
Property Timeline
Price Reduced
Aug 14, 2026
$1,850,000
$100,000
(-5.13%)
From $1,950,000 to $1,850,000 (-5.1%)
Price Reduced
Jul 30, 2026
$1,950,000
$250,000
(-11.36%)
From $2,200,000 to $1,950,000 (-11.4%)
Listed for Sale
Jun 22, 2026
$2,200,000
Original listing
Agent: Tom Egbers
Office: Northeast Private Client Group, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/14/2026 | ↓ Price Reduced | $1,850,000 | $100,000 | - | From $1,950,000 to $1,850,000 (-5.1%) |
| 07/30/2026 | ↓ Price Reduced | $1,950,000 | $250,000 | - | From $2,200,000 to $1,950,000 (-11.4%) |
| 06/22/2026 | 🏠 Listed for Sale | $2,200,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $17,835 | $1,366,700 |
Financial Details
Annual Property Tax
$17,835
Tax Year 2026
Assessed Value
$1,366,700
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1850
Living Area
4,927 sq ft
Lot Size
0.16 acres
Stories
3
Bedrooms
10
Full Baths
10
Total Rooms
10
Investment Metrics
Units
10
Unit 1 Rent
$1,200/mo · N
Unit 2 Rent
$1,500/mo · N
Unit 3 Rent
$1,600/mo · N
Total Monthly Rent
$4,300/mo
Gross Income
$158,384
Net Operating Income
$100,003
Operating Expenses
$58,381
Water/Sewer Expense
$4,130
Electric Expense
$1,449
Insurance Expense
$9,715
Cap Rate
5.41%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
11
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$17,835
Assessed Value
$1,366,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
57 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1850
Bedrooms
10
Full Bathrooms
10
Living Area
4,927 sq ft
Total Rooms
10
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,927 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1850
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
11
Parking Features:
Nearby Schools
School District
Concord-Carlisle School District local
School Safety
2024-25
1.4%
Average
1.4%
Suspensions
0.6%
In-School
4.1% below state avg
Elementary Schools
3 schools
A
Alcott School
0.7 mi
|
#104 of 824
|
Score: 59.2
Improved 89 spots from last year
+1 above state avg
438 students
Diverse
Rising School
Grades PK-05
Fenn School
1.3 mi
Grades 04-09
Nashoba Brooks School
1.8 mi
Grades PK-08
Middle Schools
3 schools
A+
Concord Middle School
2.3 mi
|
#20 of 352
|
Score: 61.2
Dropped 14 spots from last year
+3 above state avg
643 students
Moderate
Grades 06-08
B+
Hanscom Middle School
4.1 mi
|
#142 of 352
|
Score: 44.9
Dropped 19 spots from last year
-13.3 below state avg
493 students
Diverse
Diverse Student Body
Grades PK-08
A+
John Glenn Middle School
4.3 mi
|
#35 of 352
|
Score: 59.4
Dropped 16 spots from last year
+1.2 above state avg
604 students
Diverse
Diverse Student Body
Strong Attendance
Grades 06-08
High Schools
3 schools
Concord Academy
0.3 mi
Grades 09-12
JRI Meadowridge Walden Street School
0.6 mi
Grades 06-12
A+
Concord Carlisle High School
0.8 mi
|
#9 of 346
|
Score: 76.4
Dropped 1 spots from last year
+18.2 above state avg
1,191 students
Moderate
20 sports
• 2,422 athletes
Strong AP Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,486
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
63 Cottage Lane, Concord MA 01742
Concord, MA 01742
Listing Information
Listing Agent
Tom Egbers
Listing Office
Northeast Private Client Group
Office Phone
857-990-6800
Agent MLS ID
CN257278
Office MLS ID
AN8574
Listing Data Updated
Aug 18, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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