Exceptional opportunity to own a well maintained, 9-unit investment property in the desirable South Lawrence area. 3 separate buildings on one lot, a 6-family, single family and 2-family. Eight 2-bedrooms and one 3-bedroom unit, all large with many cosmetic updates throughout. With updated heating systems and a well maintained basement, there is little to do here. Most tenants are TAW and many of the rents are well below fair market. Located within walking distance of public transportation and downtown, it also offers convenience for tenants. Don’t miss this opportunity to secure a well-maintained asset in an appreciating neighborhood!
Sold for $1,795,000 on 12/13/24
$1,795,000
246-254 Salem St, Lawrence, MA 01843
19beds
8,686sqft
5-9 Family
Built in 1918
-- sqft lot
$-- Zestimate®
$207/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 28, 2025 at 10:38am
Listed by:
Patrick Hermans,
J. Borstell Real Estate, Inc.
Bought with:
Jose Frias
Realty ONE Group Nest
Source: MLS PIN,MLS#: 73304583
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 9
- Full bathrooms: 9
Heating
- Baseboard, Natural Gas
Features
- Living Room, Kitchen
- Flooring: Tile, Vinyl
- Basement: Full,Interior Entry,Concrete
- Has fireplace: No
Interior area
- Total structure area: 8,686
- Total interior livable area: 8,686 sqft
Property
Features
- Patio & porch: Deck
- Exterior features: Garden
Lot
- Size: 4,657 sqft
- Features: Other
Details
- Zoning: R Mult Bld
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle,Rubber
Condition
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Laundromat, Highway Access
Location
- Region: Lawrence
HOA & financial
Other financial information
- Total actual rent: 15229
Services availability

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