Off Market
86 S Broadway, Lawrence, MA
Lawrence · MA 01843
- $2,395,000
- Price
- 38
- Beds
- 4
- Baths
- 11800
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
38 Units
Lot size:
6,995 Sq.Ft Lot
Price per square foot:
$203 / Sq.Ft
Parking:
No Parking
About this home
This 38-unit rooming house consists of (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres, the properties second and third floor are being offered for sale separate to the retail commerical units on the first floor. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, grocery stores, and parks. The cap rate upon acquisition is 10.03%. The property is currently professionally managed and they are prepared to continue managing the property for new owner. Seller will consider other property in trade to help accommodate a 1031 exchange.
Neighborhood & Transit
86 S Broadway, 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:
- 175 days
- Listing Price:
- $2,395,000
- Price per Sq.Ft:
- $203
- Tax Assessment:
- $2,342,400 in 2025
- Taxes:
- $1,458 / Monthly
Home Facts
Interior Features
- Bedrooms
- 38
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 11,800 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 11800
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 400 Amps
Exterior Features
- Lot Size
- 6,995 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Bradford Carlson
- Listing office
- New England Realty Advisors LLC
- MLS PIN #
- 73516971