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257 Lawrence Street

Israel Rodriguez Purchases Multifamily Property In Methuen MA For $1.1M With Broker Michael Alvarez
SOLDMultiFamily

Israel Rodriguez Purchases Multifamily Property In Methuen MA For $1.1M With Broker Michael Alvarez

257 Lawrence Street

$1,100,000

$261/SF

Building Size

4,204 SF

Asset Type

MultiFamily

Closing

Dec 22, 2025

AI

The asset involved in this transaction is a multifamily property located at 257 Lawrence Street, Methuen, MA. The sale price for this property was $1,100,000, comprising 7 units with a price per unit of $157,142. The total square footage of the property is 4,204, resulting in a price per square foot of $261.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 257 Lawrence Street
  • Market: Methuen, MA
  • Units: 7
  • Price Per Unit: $157,142
  • Square Footage: 4,204
  • Price Per Square Foot: $261
  • Buyer: Israel Rodriguez
  • Seller: Dave Perrault
  • Broker: Michael Alvarez - Alvarez Real Estate Group

Key individuals involved in this transaction include the buyer, Israel Rodriguez, and the seller, Dave Perrault. Michael Alvarez from Alvarez Real Estate Group represented the seller in this deal, facilitating the transaction between the parties.

Players

Michael Alvarez

Alvarez Real Estate Group

Broker

$20.4M

vol

4 deals

Broker

Methuen MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93