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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

    Owner options

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    $11,222/mo

    Est. payment

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    $11,222/mo

    Est. payment

    What's special

    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!

    Zillow last checked: 8 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