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7 Forest St

Lawrence, MA 01841

5 beds
6 baths
3,100 sqft
6,725 sqft lot
$282 per sqft
1865 build
– on site

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%.

Listing courtesy of MLSPIN / Spencer Norton / Horvath & Tremblay

Last checked: Checking… • Last updated Nov 23, 2024 •

MLS# 73315326 —

The Building

Year Built:

1865
Year Built Details:

Approximate
Year Built Source:

Public Records
Foundation Details:

Other
Stories Total:

9
# of Units Total:

6
Building Area Total:

3100
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

17
Fireplace:

false

Room Dimensions

Living Area:

3100

Location

Directions:

Please use GPS
Latitude:

42.706654
Longitude:

-71.177076

The Property

Parcel Number:

M:0188 B:0000 L:0020,4210163
Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Other
Lot Size Units:

Acres
Lot Size Area:

0.15
Lot Size SqFt:

6725
Lot Size Acres:

0.15
Zoning:

14
Waterfront:

false
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5454
Tax Assessed Value:

589600

Beds

Bedrooms Total:

5

Baths

Total Baths:

6
Total Baths:

6
Full Baths:

6

The Listing

Home Warranty:

false

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Spa:

false

Parking

Garage:

false
Parking Total:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/23/24 Nov 23, 2024	Listed / Active	MLSPIN	$875,000

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This multifamily located in Tower Hill, Lawrence, MA 01841 is currently for sale for $875,000. 7 Forest St is a 3,100 square foot multifamily with 5 beds and 6 baths that has been on Estately for 0 days. 7 Forest St is in the Tower Hill neighborhood of Lawrence and has a WalkScore® of 80, making it very walkable. This multifamily is in the attendance area of Bruce School, International High School, School For Exceptional Studies, Abbot Lawrence Academy, Upper School Academy, and Lower School Academy.

Listing Courtesy of: MLSPIN and Horvath & Tremblay.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.