246-258 Salem St, Lawrence, MA, 01843
37 rooms
22 beds
10 Full baths
1920
10,057 sqft
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.
Status:
Pending
Type:
Multi-family
Units:
9
Zoning:
R3
Basement:
Full
Levels:
3
Acreage:
0.15
Est. Taxes:
$14,784
Assessment
$1,711,100
Construction
Frame
Utilities
for Gas Range
Lot Description:
Easements, Other
Amenities:
Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
MLS #:
73520829
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Jose Frias, Realty One Group Nest 978-655-1385