July 29, 2025 – Spencer Norton of Horvath & Tremblay has arranged the sale of a six-unit multi-family property in Lawrence, Massachusetts. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $770,000.
The multi-family property is located at 7 Forest Street in Lawrence, Massachusetts. The Property is improved by a three-story building and 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 has one (1) on-site parking space. 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. 7 Forest Street is well positioned on the north-side of Lawrence and is within walking distance of the town green and several area schools. The Property is 0.4-miles from Broadway (MA Route 28), one of the area’s primary commercial and commuter corridors and is walkable to local retail establishments, eateries, grocery stores, and parks and playgrounds. The Property offers convenient access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (1.7 miles). Lawrence benefits from a solid transportation infrastructure and proximity to Boston (25 miles from Downtown), the largest city in New England.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.