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.
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