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63 Cottage Ln 10 Unit Apartment Building For Sale Concord, MA 01742
Investment Highlights
- 10-Unit Multifamily Property | Downtown Concord
- Off-street Parking | Tenant Paid Electric | Coin-op Laundry
- (4) Studio & (6) One Bedroom Units | Value-add Opportunity
Executive Summary
Northeast Private Client Group is pleased to present The Cottage Lane Apartments, a 10-unit multifamily property located at 63 Cottage Lane in downtown Concord, Massachusetts.
The property consists of (4) studio units and (6) one-bedroom apartments. Tenant amenities include off-street parking and on-site laundry facilities. Tenants are responsible for their own electric, while ownership covers gas heat and hot water. The property has been well maintained over the years, including a roof replacement in 2013, and lead compliance certificates for all units.
Ideally situated near Concord Center, the property offers convenient access to the Concord MBTA Commuter Rail station, providing direct service into Cambridge and Downtown Boston. Concord is widely regarded as one of Greater Boston's most prestigious suburban communities, known for its top-ranked public schools, strong household incomes, and vibrant downtown district featuring boutique retail, cafés, restaurants, and local amenities.
The combination of limited multifamily inventory, strong rental demand, and high barriers to entry makes 63 Cottage Lane a compelling long-term investment opportunity in an exceptionally supply-constrained market. The Town has also adopted multifamily zoning districts in connection with the Commonwealth's MBTA Communities Act, which are intended to accommodate multifamily residential development at an average density of 15 units per acre across the district. All interested and qualified parties will have the opportunity to obtain additional information and walk the premise upon request.
The property consists of (4) studio units and (6) one-bedroom apartments. Tenant amenities include off-street parking and on-site laundry facilities. Tenants are responsible for their own electric, while ownership covers gas heat and hot water. The property has been well maintained over the years, including a roof replacement in 2013, and lead compliance certificates for all units.
Ideally situated near Concord Center, the property offers convenient access to the Concord MBTA Commuter Rail station, providing direct service into Cambridge and Downtown Boston. Concord is widely regarded as one of Greater Boston's most prestigious suburban communities, known for its top-ranked public schools, strong household incomes, and vibrant downtown district featuring boutique retail, cafés, restaurants, and local amenities.
The combination of limited multifamily inventory, strong rental demand, and high barriers to entry makes 63 Cottage Lane a compelling long-term investment opportunity in an exceptionally supply-constrained market. The Town has also adopted multifamily zoning districts in connection with the Commonwealth's MBTA Communities Act, which are intended to accommodate multifamily residential development at an average density of 15 units per acre across the district. All interested and qualified parties will have the opportunity to obtain additional information and walk the premise upon request.
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Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 10 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 3,960 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1850 |
| Zoning | B | ||
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,960 SF |
| No. Stories | 4 |
| Year Built | 1850 |
| Zoning | B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | CONC-000009G-000000-000743 | Improvements Assessment | $876,200 |
| Land Assessment | $421,200 | Total Assessment | $1,297,400 |
Property Taxes
Parcel Number
CONC-000009G-000000-000743
Land Assessment
$421,200
Improvements Assessment
$876,200
Total Assessment
$1,297,400
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63 Cottage Ln
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