$2,200,000
$2,150,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
246-254 Salem St Lawrence, MA 01843
22 Beds
10 Baths
10,057 SqFt
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,057 sqft
Price per Sqft $218
MLS Listing ID 73520829
Sold Date 09/15/26
Bedrooms 22
Full Baths 10
Year Built 1920
Annual Tax Amount $14,784
Tax Year 2026
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5-9 Family
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.
Location
State MA
County Essex
Zoning R3
Direction Google map 246 Salem St
Rooms
Basement Full
Interior
Flooring Wood, Tile, Vinyl, Other
Exterior
Exterior Feature Balcony
Community Features Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Utilities Available for Gas Range
Roof Type Shingle,Rubber
Garage No
Building
Lot Description Easements, Other
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Jose Frias • Realty ONE Group Nest
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