63 Cottage Ln, Concord, MA, 01742
About This Home
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1850
Materials
- Foundation: Stone
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 5-9 Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 10
Features
- Finished area above ground: 4,927
Interior Area
- Total structure area: 4,927
- Total interior livable area: 4,927 sqft
Property
Details
- Parcel number: 454576
- Zoning: Residence
Lot
- Lot size: 6,950 sqft
- Features: Corner Lot
Parking
- Total spaces: 11
- Uncovered spaces: 11
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Drought
- Hurricane
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,860 | $118,320 |
| Home Insurance * | $378 | $4,536 |
| Property Taxes | $2,143 | $25,716 |
| Electricity | $971 | $11,658 |
| Total | $13,352 | $160,224 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-14 | Price change | $1,850,000 |
| 2026-07-30 | Price change | $1,950,000 |
| 2026-06-22 | Listed for sale | $2,200,000 |
| 2011-10-21 | Sold | $940,000 |
| 2006-09-01 | Sold | $825,000 |
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