61-63 Olive Ave
Lawrence, MA. 01841-4105
MLS # 72467912
Multi-Family 2 Family - 2 Units Up/Down    
Status Under Agreement
List Price $490,000 Days on Market  
List Date   # Units 2
Sale Price   # Floors  
Sold Date   Rooms 16
Assessed Value $401,400 Bedrooms 8
Gross Living Area 3,414SF Full Baths  
Lot Size 6,000SF Half Baths  
Taxes $5,491.00 Fireplaces  
Tax Year 2019 Basement Yes
Zoning R-2 Waterfront No
Est. Street Front 60 ft. Beach Nearby No
Year Built 1937 Parking Spaces 8
    Garage Spaces 2
Loan Calculator
Total Price $
Down Payment $
Principal $
Interest %
Period (years)
Monthly Payment $
Monthly Taxes $

Investment Opportunity. Charming Two-Family home, hardwood floors, updated windows, fireplaces, updated exterior. Excellent rental income with potential third floor apartment already equipped with bath and kitchen. Additional 6000 square foot vacant lot adjacent zoned R-2. This vacant lot with a variance gives potential to build another two family. At this price, this will not last. Great opportunity for Builder or Owner occupant. Buyer responsible to perform their own due diligence to verify permitted usage and or to verify the ability to build on the land. Seller or agent make no warranties or representation of allowable usage or description. Attached documents include overview map, zoning document and annual expenses.


Amenities : Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School
Basement : Full
Construction : Frame
Electricity : 110 Volts
Energy : Insulated Windows, Storm Windows, Storm Doors
Exterior : Vinyl
Exterior Feat. : Porch, Deck, Deck - Wood, Patio, Covered Patio/Deck, Fenced Yard, Satellite Dish
Flooring : Wood, Plywood, Tile, Vinyl, Wall to Wall Carpet, Hardwood
Foundation : Concrete Block
Heating Zones : 2
Hot Water : Natural Gas, Tank
Lead Paint : Unknown
Lot : Paved Drive
Parking : Off-Street
Road : Public
Roof : Asphalt/Fiberglass Shingles
Sewer / Water : City/Town Sewer, City/Town Water
Utility Connections : for Electric Range, for Electric Oven, for Electric Dryer

Unit 1 : Bedrooms: 4; Floor: 1; Fireplaces: 1; Full Baths: 1; Half Baths: 1; Lease: No; Levels: 1; Rent: 1300; Rooms: 8
Unit 2 : Bedrooms: 4; Floor: 2; Fireplaces: 1; Full Baths: 1; Lease: No; Levels: 1; Rent: 1300; Rooms: 8

Expenses Source : Owner Provided
Expenses Year End : 12/19
Gross Expenses : $9,730
Gross Oper. Income : $31,200
Insurance : $2,348
Misc. : $649
Net Oper. Income : $31,200
Water : $1,135

APOD Available? : No
Anticipated Sale Date : 06/24/2019
Deed : Book: 11966, Page: 50, Cert. #: 6157
Foreclosure : No
GLA Source : Public Record
Off Market Date : 3/29/19
Parcel # : M:0227 B:0000 L:0096
Schools : Grade School: Gilmette, Middle School: Bruce Middle, High School: Lawrence HS
Seller Disclosure Doc : No
Short Sale : No
Year Built Desc. : Actual
Year Built Source : Public Record


click here to view map in a new window
QR Code™


Per MLS Rules, only Members can view ALL the property information and use ALL search engine features.
Sign up now for a free account!    Already a Member? Click here to login
Use the Property Search button to access our Public Web Site and search all MLS properties for sale. You must become a Member to: View Addresses, Agents Remarks and Other Listing Information; Analyze Properties; save properties to your Hot Properties Portfolio; receive Hot Property Alerts whenever a property status changes; be sent Daily Email Updates for all properties matching your search criteria; use Advanced Searches with 23 different search criteria and access many other features. Membership is Free, so join now!