246-254 Salem StreetLawrence, MA 01843MLS Number 73520829

  • Price: $2,150,000
  • Est. Mortgage of $/month
  • 3 Days on Market
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
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Contingent
246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843246-254 Salem Street Lawrence MA 01843
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  • 22Bedrooms
  • 0.15Acreage
  • 10Bathrooms
  • 1920Year Built

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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.
Listed by Jose Frias of Realty ONE Group Nest

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More Info

Basic Information

  • Contingency Pending P&S
  • Lot Features Easements, Other
  • Mls StatusContingent
  • Parcel Number M:0121 B:0000 L:0018

Location

  • Address246-254 Salem Street
  • Building Number246-254
  • CountyEssex
  • StateMA
  • StreetSalem Street
  • TownLawrence
  • Zip01843

Exterior

  • Exterior Features Balcony
  • RoofShingle, Rubber

Property Information

  • Building Area Source Public Records
  • Living Area 10,057
  • Lot Size Square Feet 6,534
  • Lot Size Units Acres
  • Square Feet10,057

Other

  • Date Listed05/18/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $1,711,100
  • Tax Year 2026
  • Taxes$14,784

Basic Information

  • List Price$2,150,000
  • MLS Number73520829
  • Modification Date05/20/2026
  • Property SubType5-9 Family
  • Purchase Contract Date05/19/2026

Property

  • Acreage0.15

Interior

  • Flooring Wood, Tile, Vinyl, Other

Utilities

  • Electric 100 Amp Service
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • T-Station
    • University
  • Other AmenitiesBasement

Parking

  • Parking Spaces

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 10
  • Bedrooms22
  • Full Bath10

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms37
  • Stories3
  • Units9
  • Utilities For Gas Range
  • Window Features Insulated Windows
  • Year Built1920
  • Year Built Details Unknown/Mixed
  • Year Built Source Public Records

Legal

  • ZoningR3

Your Local Office

Real Brokerage

617-293-8070
MA
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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 or leasing 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 or leasing. MLSPIN 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.

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