CCertihomes
49 Blanchard St, Lawrence, MA 01843

$6,200,000

0 beds 0 baths Built 1880Active

About this home

Cash cow. Versatile Industrial, warehouse, office space consisting of over 50k sq feet of rentable building space in a classified OPPORTUNITY ZONE! Multiple loading docs. Possible partial seller financing. Good candidate for condo/residential conversion. Room for rent increase, currently at a 7.2 percent cap rate. Walking distance to the commuter rail and public transportation.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$42,500/mo

Real estate (PITI + HOA + PMI)
$43,579
Principal + interest$28,120
Property tax + insurance$13,134
PMI / 2nd mortgage$2,325
Utilities
$2,002
Heating + cooling$839
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$158
$42,500/mo TLC
Budget$43,000/mo
Remaining after TLC$500/mo
Purchase price
$6,200,000
Down payment
$310,000 (5%)
Loan amount
$5,890,000
APR
4%

Quick facts

Type
COM
Style
Year built
1880
Lot size
1.28 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$69,223
MLS #
73236226
County
Essex

Neighborhood — 01843

MetricThis ZIPCountyUSA
Population24,2966,444,931299,088,112
Population Change Since19909.00%7.00%20.00%
Population Density6,721786
Male11,6983,127,134147,432,321
Female12,5983,317,797151,655,844
Never Married6,3691,612,88563,775,926
Married7,7812,586,314123,120,365
Separated1,380247,85712,639,686
Widowed1,394363,59415,467,586
Divorced1,591436,88823,075,029
Number Of House Hold8,7872,431,591111,826,380
Average House Hold Size2.742.562.60
Medial Age30.6737.2535.46
Median House Hold Income$39,255$57,698$48,276
Average House Hold Income$51,079$75,023$63,629
P C I$18,938$29,196$24,529
M D I$34,390$48,105$41,133
A T H E$44,310$57,083$50,898
S T R5.00%5.00%
W C J72.98%81.38%77.74%
(Zip) Code
1843

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/10/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.