Sold
246-254 Salem St, Lawrence, MA
Lawrence · MA 01843
- $2,200,000
- Price
- 22
- Beds
- 10
- Baths
- 10057
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
9 Units
Lot size:
6,534 Sq.Ft Lot
Price per square foot:
$214 / Sq.Ft
Parking:
No Parking
About this home
Exceptional investment opportunity in the heart of South Lawrence! This rare 9-unit property consists of a 6-unit building, a 2-family, and a single-family home, offering a total of 22 bedrooms and 10 bathrooms. The property features strong in-place cash flow with low operating expenses and upside potential. Most units have been tastefully renovated, providing modern interiors that attract and retain quality tenants. Major capital improvements include updated heating systems throughout, all replaced in 2019. The unit mix includes spacious 3-bedroom apartments, multiple 2-bedroom units, and a well-maintained single-family residence with 2 bedrooms and 2 baths. Located in a highly desirable South Lawrence location near major routes, shopping, schools, and public transportation. A turnkey asset with scale, stability, and long-term growth potential — one of the most attractive multifamily investments currently available in Lawrence.
Neighborhood & Transit
246-254 Salem St, Lawrence · MA 01843
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 169 days
- Listing Price:
- $2,150,000
- Price per Sq.Ft:
- $214
- Tax Assessment:
- $1,711,100 in 2026
- Taxes:
- $1,232 / Monthly
Home Facts
Interior Features
- Bedrooms
- 22
- Full Bathrooms
- 10
- Half Bathrooms
- 0
- Living Area
- 10,057 Sq.Ft
- Broker Disclosure about Living Area
- 10,057 is the total living space of all 3 buildings together per property card.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 10057
- Flooring
- Unknown
- Lead paint
- Certified Treated, Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 100 Amps
Exterior Features
- Lot Size
- 6,534 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Jose Frias
- Listing office
- Realty ONE Group Nest
- MLS PIN #
- 73520829
- Disclosure
- Construction year is 1918, 1920 & 1920. see property card for details. Total living space is 10,057 between the 6 unit, 2 family and single family. 2 Units have Lead paint certificates of compliance. Lot size total is based on all three units.
- Disclosure
- 10,057 is the total living space of all 3 buildings together per property card.