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Sold on 06/28/2019

55 Forest Ave, Everett, MA 02149

$1,110,000

Last sold 06/28/2019 for $722K

  • 5

    bed

  • 5

    bath

  • 2,551

    Sqft ($283/Sqft)

Multi-family not for sale
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About 55 Forest Ave

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 4,622 Sqft
Movoto estimate
Property description
This property is a tremendous opportunity for an investor. There are five units: each unit includes one bedroom, living room,kitchen and full bathroom. There are 5 separate electric meters and one common area electric meter. Four units are vacant. Unit # 5 is rented. Current rent for the third floor unit (unit # 5) is well below market rate and its tenant has consistently paid rent. The property has a private driveway for five cars and is in a perfect location with easy access to the Encore Casino, highway, local park, hospital, and schools. With the ongoing development of the Encore Casino and resort project, the demand for housing in Everett is plentiful. A majority of the units are freshly painted and newly carpeted. Potential for condo conversion. Can't miss an excellent investment opportunity!
Listed by
Listing Agent - Mingfei Zheng
Listing Office - Realty Premiere
Source: MLS Property Information Network, Inc. mls logo
MLS#72511861 • last updated 7 years ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Levels/Style 9
Type Multi-family
MLS # 72511861
SqFt 2551
Status Sold
SubType 5-9 Family
Lot Size (Acre) 0.11
Property Tax 6418
Year Built 1920
Short Sale (Y/N) No
Foreclosure (Y/N) No
Interior
# Full Baths 5, 5
Total # of Bedrooms 5, 5
Total # of Rooms 10, 9, 10
Basement Full
# Fireplaces 0, 0
Exterior
Foundation Fieldstone, Brick
Exterior Brick, Stone
Parking Desc Off-Street
# Parking Spaces 5
Lot Desc Other (See Remarks)
Amenities / Utilities
Electricity 100 Amps
Utilities: Hot Water Natural Gas
Water Source City/Town Water
Location
County Middlesex
APN M:E0 B:01 L:000099, 480857
Multifamily Details
# of Units 5
Unit 3 Rent 1250
Unit 4 Rent 1250
Unit 2 Rent 1250
Unit 1 Rent 1250
$1.11M
Range: $932K-$1.28M
Last 30 days 
  • Jun 2019
    mls logo MLS # 72511861
  • Jun 28, 2019 Sold
    $722,000 (-1.1%)
  • Jun 4, 2019 Listed
    $729,900
  • Year Property taxes Tax assessment
  • 2025
    $9,775 +7.1%
    $858,200 +7.75%
  • 2024
    $9,128 +1.2%
    $796,500 +4.04%
  • 2023
    $9,019 +21.2%
    $765,600 +6.58%
  • 2022
    $7,442 +7.6%
    $718,300 +2.53%
  • 2021
    $6,915
    $700,600
  • 55 Forest Ave
    $722K
  • West Everett
    $555K -14% y/y
  • 02149
    $624K +7% y/y
  • Everett
    $597K -8% y/y
No chart available
Statistics calculated by Movoto

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2/10
Everett High School
public Grades 9-12
Everett School District
Source: GreatSchools.org © 2026. All rights reserved.

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