7 Forest St, Lawrence MA 01841 – 5 bed 6 bath For Sale – 73315326
Overview
- Updated On:
- March 30, 2025
-
- 73315326
- 5 Bedrooms
- 6 Bathrooms
- 0 Garage Spaces
- 1 Non-Garage Parking
- 1865
Description
Current cap rate of 8.85%. 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.
This property is listed by Spencer Norton from Horvath & Tremblay
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 795,000 |
| Living Area | 3,100.00 ft2 |
| Bedrooms | 5 |
| Total Rooms | 17 |
|---|---|
| Listing MLS ID | 73315326 |
| Days on Market | 127 |
| Bathrooms | 6 |
Unit Information
| Bedrooms | 5 |
|---|---|
| Full Bathrooms | 6 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 1 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | |
| Patio And Porch Features | |
| Parking Features | |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 6 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1865 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | |
| Roof |
Additional Details
| Community Features | |
|---|---|
| Disclosures | |
| Last Updated | 2025-03-30T07:06:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:0188 B:0000 L:0020,4210163 |
| Original List Price | 875000 |
| Listing Office | horvath & tremblay |
| Tax Annual Amount | 5454 |
|---|---|
| Tax Assessed Value | 589600 |
| Tax Book Number | 0 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | 14 |
| Listing Agent | spencer norton |
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7 Forest St, Lawrence MA 01841 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
7 Forest St, Lawrence MA 01841 – 5 bed 6 bath For Sale – 73315326
$ 795,000
Status: Active
7 Forest St, Lawrence MA 01841, Lawrence, , Essex 01841
Country: US
Property Overview
MLS #: 73315326
Type: 5-9 Family /
Action: Residential Income
Year Built: 1865 (Approximate, Source: Public Records, Effective: )
Living Area: 3,100.00 ft2 (Total: 3100 Square Feet, Source: Public Records)
Lot Size: 0.15 ft2 (Area: 0.15 Acres, SqFt: 6725)
Total Rooms: 17
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 5 (Main Level: )
Bathrooms: Total: 6 (Full: 6, Half: 0, Decimal: 6, Main Level: )
Basement:
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Other (Area: )
Roof:
Stories: 9 (9)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: 1887)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 1
Parking Features:
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Other
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features:
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: 14 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Current cap rate of 8.85%. 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.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 6
Units Owner Occupied:
Unit 1: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1375, Lease: Y
Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1375, Lease: Y
Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1275, Lease: N
Unit 4: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1200, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 5454 (Year: 2024)
Tax Assessed Value: 589600
Tax Block/Lot/Book/Map: / / 0 /
Parcel Number: M:0188 B:0000 L:0020,4210163
Special Licenses:
Current Financing:
Gross Income: 93300 (Scheduled: )
Net Operating Income: 70030
Operating Expense: 23270 (Water/Sewer: 2449, Insurance: )
Financial Data Source:
APOD Available: No
Tenant Pays:
Rent Includes:
Total Actual Rent: 7775
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Spencer Norton (MLS ID: CN230412) / Team:
Listing Office: Horvath & Tremblay (MLS ID: AN2723)
Agent (Property):
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-11-23
Expiration Date: 1900-01-01
Original List Price: 875000
Price Per SqFt (List): 256.45
Market Time (Property): 127 (Broker: 127, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Please use GPS
Disclosures: , N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 0)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 1629463
Modification Timestamp: 2025-03-30T07:06:00.000Z
Bridge Modification Timestamp: 2025-03-30T07:08:32.678Z
Original Entry Timestamp: 2024-11-23T17:00:00.000Z
Status Change Timestamp: 2025-03-26T16:04:00.000Z
Off Market Date:
Development Status:
Business Type:
