$5,106 Closing Credit¹
#73318775, James Pham, Listing Office: RE/MAX Partners
$795,000 List price
7 Forest St Lawrence, MA 01841
$9,441
Closing credit¹
5 beds
6 full
3,100 sqft
0.1 acres
$256 / sqft
Multi-Family
Property details
About 7 Forest St
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.
Highlights
Home typeMulti Family
StatusActive
Size3,100 sqft
Lot size0.15 Acres
Year built1865
MLS #73315326
Summary
- MLS Number: 73315326
- MLS Name: MLS Property Information Network
- Office Name: Horvath & Tremblay
- Office Phone: (781) 776-4000
- Listing Agent: Spencer Norton
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/18/2025, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$795,000
7 Forest St
$9,441
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $589,600 | $5,454 |
| 2023 | $548,300 | $5,571 |
| 2022 | $455,500 | $5,211 |
| 2021 | $396,200 | $4,861 |
| 2020 | $367,300 | $4,566 |
| 2019 | $345,600 | $4,728 |
History based on county public records data.
Nearby schools
2
Guilmette Elementary School
Public District 1-4
0.4 mi
•80 Bodwell St
2
Community Day Arlington Elementary School
Public District KG-4
0.8 mi
•150 Arlington St
4
Tarbox Elementary School
Public District 1-5
0.8 mi
•59 Alder St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,875. The majority of Lawrence, MA residents have income less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
45%
<35k
37%
35k-100k
16%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
30%
Single, with Kids
14%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
26%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Basketball
Continuing Education Courses
Where do the neighbors shop?
Burlington
Ross Dress For Less
Express/Express For Men
Where do the neighbors go to eat?
Popeyes
Jasons Deli
Qdoba
What do the neighbors drive?
Dodge
Acura
Volkswagen
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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This home is located at 7 Forest St in Lawrence, MA and zip code 01841. This 3,100 square foot home, which was built in 1865, sits on a 0.15 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 23, 2024 and is currently priced at $795,000.
In March 2025 more than 13 listings in Lawrence, MA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The number of homes for sale in Lawrence, MA increased by 3.8% between February and March 2025. In March 2025 median list price was $560,000 and the average listing age was 18 days.
From Rocket Homes Real Estate and based on county public records data.