Overview Property Details Payment Calculator Walkability

Active

7 Forest St, Lawrence MA 01841

$795,000

Estimated $10,352.54/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $132,500

Total Rent: 62700/year

Estimated CAP Rate: 6.66%

5 Bedrooms

6 Full Baths

1 Parking Spots

0.15 acres

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-a...

This home has been viewed 138 times

Last Updated: April 5th, 2025 at 7:28am

Gross Income: $62,700

Gross Expenses: $9,790

Net Income Calc: $52,910

CAP Rate: 6.66%

Annual Expenses for 7 Forest St, Lawrence MA 01841

Total Gross Expenses (Calculated)$9,790/year

APOD AvailableNo

Heating$0

Electricity$1,887

Water$2,449

Gas$2,449

Insurance$0

Sewer$2,449

Trash Removal$0

Repair & Maintenance$0

Management$0

Miscellaneous$0

Real Estate Tax$5,454

Annual Income & Unit Breakdown for 7 Forest St, Lawrence MA 01841

Total Gross Income (Calculated)$62,700

Unit 1

Rental Income1375

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income1375

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income1275

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income1200

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 7 Forest St, Lawrence MA 01841

Listing ID73315326

Property TypeMulti Family / 5+ Family

Price$795,000 ($256.45/SqFt)

Style

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,100 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking1

Garage Parking

Year Built1865

Year Built SourcePublic Records

Year RenovatedN/A

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoning14

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Interior Features for 7 Forest St, Lawrence MA 01841

Disclosures for 7 Forest St, Lawrence MA 01841

Lead PaintUnknown

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$23,270

Total Gross Income By Broker$93,300

Total Net Income By Broker$70,030

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Location Information for 7 Forest St, Lawrence MA 01841

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 7 Forest St, Lawrence MA 01841

Agent

Name: Spencer Norton

MLS ID: CN230412

Office ID: AN2723

Phone: 781-776-4524

City: Newburyport

State: MA

Office

Name: Horvath & Tremblay

MLS Office ID: AN2723

Phone: 781-776-4000

Payment Calculator

$10,352.54 per month

30 Years Fixed, 6.75% Interest

Property Taxes $5,454.00

Principal & Interest $4,898.54

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Spencer Norton

Agent Phone

(781) 776-4524

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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[field_3236] => Array
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[listing] => Array
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                    [type] => number
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                    [type] => select
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                    [type] => text
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                    [type] => boolean
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[field_3183] => Array
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                    [type] => number
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[field_3184] => Array
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                    [type] => select
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                    [value] => Square Feet
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[field_3185] => Array
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                    [type] => text
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                    [value] => 2.5
                )

[field_3186] => Array
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                    [type] => select
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                    [type] => price
                    [name] => ConcessionsAmount
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3192] => Array
                (
                    [field_id] => 3192
                    [type] => number
                    [name] => ParkingTotal
                    [value] => 1
                )

[field_3193] => Array
                (
                    [field_id] => 3193
                    [type] => number
                    [name] => CoveredSpaces
                    [value] => 0
                )

[field_3200] => Array
                (
                    [field_id] => 3200
                    [type] => price
                    [name] => ElectricExpense
                    [raw] => 1887
                    [unit_id] => 260
                    [value] => $1,887
                    [price_only] => $1,887
                )

[field_3205] => Array
                (
                    [field_id] => 3205
                    [type] => date
                    [name] => ExpirationDate
                    [value] => 01/01/1900
                )

[field_3206] => Array
                (
                    [field_id] => 3206
                    [type] => select
                    [name] => FarmLandAreaUnits
                    [value] => Square Feet
                )

[field_3209] => Array
                (
                    [field_id] => 3209
                    [type] => text
                    [name] => FoundationDetails
                    [value] => Other
                )

[field_3211] => Array
                (
                    [field_id] => 3211
                    [type] => number
                    [name] => GarageSpaces
                    [value] => 0
                )

[field_3216] => Array
                (
                    [field_id] => 3216
                    [type] => price
                    [name] => GrossIncome
                    [raw] => 93300
                    [unit_id] => 260
                    [value] => $93,300
                    [price_only] => $93,300
                )

[field_3220] => Array
                (
                    [field_id] => 3220
                    [type] => price
                    [name] => InsuranceExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3222] => Array
                (
                    [field_id] => 3222
                    [type] => text
                    [name] => ListingAgreement
                    [value] => Exclusive Right To Sell
                )

[field_3223] => Array
                (
                    [field_id] => 3223
                    [type] => date
                    [name] => ListingContractDate
                    [value] => 23/11/2024
                )

[f_3225] => Array
                (
                    [field_id] => 3225
                    [type] => feature
                    [name] => LotFeatures
                    [values] => Array
                        (
                            [0] => Other
                        )

)

[field_3226] => Array
                (
                    [field_id] => 3226
                    [type] => area
                    [name] => LotSizeSquareFeet
                    [value] => 6,725 Sqft
                    [raw] => 6725
                    [unit_id] => 1
                )

[field_3230] => Array
                (
                    [field_id] => 3230
                    [type] => price
                    [name] => OperatingExpense
                    [raw] => 23270
                    [unit_id] => 260
                    [value] => $23,270
                    [price_only] => $23,270
                )

[field_3231] => Array
                (
                    [field_id] => 3231
                    [type] => price
                    [name] => OriginalListPrice
                    [raw] => 875000
                    [unit_id] => 260
                    [value] => $875,000
                    [price_only] => $875,000
                )

[field_3240] => Array
                (
                    [field_id] => 3240
                    [type] => text
                    [name] => UnparsedAddress
                    [value] => 7 Forest St, Lawrence MA 01841
                )

[field_3241] => Array
                (
                    [field_id] => 3241
                    [type] => price
                    [name] => WaterSewerExpense
                    [raw] => 2449
                    [unit_id] => 260
                    [value] => $2,449
                    [price_only] => $2,449
                )

[field_3243] => Array
                (
                    [field_id] => 3243
                    [type] => text
                    [name] => YearBuiltDetails
                    [value] => Approximate
                )

[field_3245] => Array
                (
                    [field_id] => 3245
                    [type] => text
                    [name] => YearBuiltSource
                    [value] => Public Records
                )

[field_3248] => Array
                (
                    [field_id] => 3248
                    [type] => datetime
                    [name] => OriginalEntryTimestamp
                    [value] => 23/11/2024 17:00:00
                )

[field_3253] => Array
                (
                    [field_id] => 3253
                    [type] => number
                    [name] => MLSPIN_BEDRMS_1
                    [value] => 1
                )

[field_3254] => Array
                (
                    [field_id] => 3254
                    [type] => number
                    [name] => MLSPIN_BEDRMS_2
                    [value] => 1
                )

[field_3255] => Array
                (
                    [field_id] => 3255
                    [type] => number
                    [name] => MLSPIN_BEDRMS_3
                    [value] => 1
                )

[field_3256] => Array
                (
                    [field_id] => 3256
                    [type] => number
                    [name] => MLSPIN_BEDRMS_4
                    [value] => 1
                )

[field_3260] => Array
                (
                    [field_id] => 3260
                    [type] => text
                    [name] => MLSPIN_DISCLOSURE
                    [value] => N
                )

[field_3261] => Array
                (
                    [field_id] => 3261
                    [type] => number
                    [name] => MLSPIN_F_BTHS_1
                    [value] => 1
                )

[field_3262] => Array
                (
                    [field_id] => 3262
                    [type] => number
                    [name] => MLSPIN_F_BTHS_2
                    [value] => 1
                )

[field_3263] => Array
                (
                    [field_id] => 3263
                    [type] => number
                    [name] => MLSPIN_F_BTHS_3
                    [value] => 1
                )

[field_3264] => Array
                (
                    [field_id] => 3264
                    [type] => number
                    [name] => MLSPIN_F_BTHS_4
                    [value] => 1
                )

[field_3265] => Array
                (
                    [field_id] => 3265
                    [type] => price
                    [name] => MLSPIN_GRE
                    [raw] => 23270
                    [unit_id] => 260
                    [value] => $23,270
                    [price_only] => $23,270
                )

[field_3266] => Array
                (
                    [field_id] => 3266
                    [type] => price
                    [name] => MLSPIN_HTE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3267] => Array
                (
                    [field_id] => 3267
                    [type] => number
                    [name] => MLSPIN_H_BTHS_1
                    [value] => 0
                )

[field_3268] => Array
                (
                    [field_id] => 3268
                    [type] => number
                    [name] => MLSPIN_H_BTHS_2
                    [value] => 0
                )

[field_3269] => Array
                (
                    [field_id] => 3269
                    [type] => number
                    [name] => MLSPIN_H_BTHS_3
                    [value] => 0
                )

[field_3270] => Array
                (
                    [field_id] => 3270
                    [type] => number
                    [name] => MLSPIN_H_BTHS_4
                    [value] => 0
                )

[field_3272] => Array
                (
                    [field_id] => 3272
                    [type] => text
                    [name] => MLSPIN_LEAD_PAINT
                    [value] => Unknown
                )

[field_3273] => Array
                (
                    [field_id] => 3273
                    [type] => number
                    [name] => MLSPIN_LEVELS_1
                    [value] => 1
                )

[field_3274] => Array
                (
                    [field_id] => 3274
                    [type] => number
                    [name] => MLSPIN_LEVELS_2
                    [value] => 1
                )

[field_3275] => Array
                (
                    [field_id] => 3275
                    [type] => number
                    [name] => MLSPIN_LEVELS_3
                    [value] => 1
                )

[field_3276] => Array
                (
                    [field_id] => 3276
                    [type] => number
                    [name] => MLSPIN_LEVELS_4
                    [value] => 1
                )

[field_3277] => Array
                (
                    [field_id] => 3277
                    [type] => text
                    [name] => MLSPIN_MAIN_LO
                    [value] => AN2723
                )

[field_3280] => Array
                (
                    [field_id] => 3280
                    [type] => number
                    [name] => MLSPIN_MARKET_TIME_PROPERTY
                    [value] => 132
                )

[field_3281] => Array
                (
                    [field_id] => 3281
                    [type] => price
                    [name] => MLSPIN_MGF
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3282] => Array
                (
                    [field_id] => 3282
                    [type] => price
                    [name] => MLSPIN_MSE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3285] => Array
                (
                    [field_id] => 3285
                    [type] => price
                    [name] => MLSPIN_OPTIONAL_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3290] => Array
                (
                    [field_id] => 3290
                    [type] => price
                    [name] => MLSPIN_PRICE_PER_SQFT
                    [raw] => 256.45
                    [unit_id] => 260
                    [value] => $256
                    [price_only] => $256
                )

[field_3292] => Array
                (
                    [field_id] => 3292
                    [type] => price
                    [name] => MLSPIN_RFS
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3293] => Array
                (
                    [field_id] => 3293
                    [type] => price
                    [name] => MLSPIN_RME
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3301] => Array
                (
                    [field_id] => 3301
                    [type] => select
                    [name] => RoomMasterBathroomFeatures
                    [value] => Yes
                )

[field_3306] => Array
                (
                    [field_id] => 3306
                    [type] => price
                    [name] => GrossScheduledIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3307] => Array
                (
                    [field_id] => 3307
                    [type] => number
                    [name] => MLSPIN_FLRS_1
                    [value] => 1
                )

[field_3308] => Array
                (
                    [field_id] => 3308
                    [type] => number
                    [name] => MLSPIN_FLRS_2
                    [value] => 1
                )

[field_3309] => Array
                (
                    [field_id] => 3309
                    [type] => number
                    [name] => MLSPIN_FLRS_3
                    [value] => 2
                )

[field_3310] => Array
                (
                    [field_id] => 3310
                    [type] => number
                    [name] => MLSPIN_FLRS_4
                    [value] => 2
                )

[field_3311] => Array
                (
                    [field_id] => 3311
                    [type] => number
                    [name] => BRE_Total_Parking
                    [value] => 1
                )

[field_3320] => Array
                (
                    [field_id] => 3320
                    [type] => boolean
                    [name] => Waterfront
                    [value] => No
                )

[field_3323] => Array
                (
                    [field_id] => 3323
                    [type] => text
                    [name] => Levels In Unit
                    [value] => 9
                )

)

[unit_level] => 
    [levels_in_unit] => 2024-11-23
    [construction_status] => 
    [laundry_features] => Array
        (
        )

[outdoor_space_available] => Array
        (
        )

[building_name] => 
    [pet_policy] => Array
        (
        )

[building_management] => Array
        (
        )

[number_of_units] => 6
    [units_owner_occupied] => 0
    [parking_features] => Array
        (
        )

[building_amenities] => Array
        (
        )

[owner_occupancy_source] => 
    [documents_available] => Array
        (
        )

[optional_price] => 0
    [optional_fee_includes] => Array
        (
        )

[structure_type] => Array
        (
        )

[complex_complete] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [date_available_note] => 
    [first_month_required] => Array
        (
        )

[last_month_required] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => 5-9 Family
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $5,454
    [total_gross_income] => 62700
    [total_gross_expense] => 9790
    [net_income_calc] => 52910
    [cap_rate] => 6.66%
    [apod_available] => Array
        (
            [0] => No
        )

[heating_expense] => Array
        (
            [0] => $0
        )

[electric_expense] => Array
        (
            [0] => $1,887
        )

[water_expense] => Array
        (
            [0] => $2,449
        )

[gas_expense] => Array
        (
            [0] => $2,449
        )

[insurance_expense] => Array
        (
            [0] => $0
        )

[sewer_expense] => Array
        (
            [0] => $2,449
        )

[trash_expense] => Array
        (
            [0] => $0
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[management_expense] => Array
        (
            [0] => $0
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
            [0] => 1375
        )

[unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_bedrooms] => 1
    [unit_1_bathrooms] => 1 Full
    [unit_1_floor] => 1
    [unit_1_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 1375
        )

[unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_bedrooms] => 1
    [unit_2_bathrooms] => 1 Full
    [unit_2_floor] => 1
    [unit_2_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 1275
        )

[unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_bedrooms] => 1
    [unit_3_bathrooms] => 1 Full
    [unit_3_floor] => 2
    [unit_3_levels] => 1
    [unit_4_rent] => Array
        (
            [0] => 1200
        )

[unit_4_lease] => Array
        (
            [0] => N
        )

[unit_4_bedrooms] => 1
    [unit_4_bathrooms] => 1 Full
    [unit_4_floor] => 2
    [unit_4_levels] => 1
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
            [0] => Other
        )

[patio_and_porch] => Array
        (
        )

[zoning_details] => 
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
        )

[operating_expense] => Array
        (
            [0] => $23,270
        )

[gross_income] => Array
        (
            [0] => $93,300
        )

[net_operating_income] => Array
        (
            [0] => $70,030
        )

[short_sale] => 
    [price_per_unit] => 132500
)

EXIT

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Active

7 Forest St, Lawrence MA 01841

$795,000

Annual Expenses for 7 Forest St, Lawrence MA 01841

Annual Income & Unit Breakdown for 7 Forest St, Lawrence MA 01841

General Information for 7 Forest St, Lawrence MA 01841

Interior Features for 7 Forest St, Lawrence MA 01841

Disclosures for 7 Forest St, Lawrence MA 01841

Location Information for 7 Forest St, Lawrence MA 01841

Contact Information for 7 Forest St, Lawrence MA 01841

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