Rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of historic Concord. The Cottage Lane Apartments consist of (4) studio units and (6) one-bedroom apartments, offering a desirable mix for a broad tenant base. Property amenities include off-street parking, on-site laundry facilities, and separately metered electric service, with ownership responsible for heat and hot water. Significant capital improvements include a roof replacement and lead compliance certification for all units. Ideally located just minutes from Concord Center and the MBTA Commuter Rail, residents enjoy convenient access to Cambridge and Boston, along with Concord’s acclaimed schools, vibrant downtown, shops, restaurants, and cultural attractions. With strong rental demand, limited multifamily inventory, and long-term upside in one of Greater Boston’s most sought-after communities, this property presents an exceptional investment opportunity.
Concord is located in Massachusetts. Concord, Massachusetts has a population of 18,424. Concord is more family-centric than the surrounding county with 41.95% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Concord, Massachusetts is $169,335. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Concord is 46 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 48 inches per year, with 50.6 inches of snow per year.
