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Century 21 North East
246-254 Salem St, Lawrence, MA, MA 01843
Listing Courtesy of : Jose Frias ---- Realty ONE Group Nest
Selling Office:
- $2,200,000
- 22
- BD
- 10
- BA
- 10,057
- SqFt
- Sold Price
- $2,200,000
- List Price
- $2,150,000
- Status
- SOLD
- MLS#
- 73520829
- Bedrooms
- 22
- Bathrooms
- 10
- Full Baths
- 10
- Living Area
- 10,057
- Lot Size (Acres)
- 0.15
- Year Built
- 1920
Property Description
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.
Additional Information
- Taxes
- $14,784
- Basement
- Full
- Water Source
- Public
- Lot Description
- Easements, Other
- Water
- Public
- Sewer
- Public Sewer
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.