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$2,150,000

Est. payment - /mo

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22 Beds

10 Baths

10,057 SqFt

Pending

246-254 Salem St Lawrence, MA 01843

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Tom Carroll

tcarroll@andoverhomesales.com +1(978) 502-8347

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,057 sqft

Price per Sqft $213

MLS Listing ID 73520829

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

Listed by Realty ONE Group Nest

N E A R B Y S C H O O L S & P R O P E R T I E S

G E T M O R E I N F O R M A T I O N

Tom Carroll

Broker | License ID: 9020784

+1(978) 502-8347

Q U I C K S E A R C H

246-254 Salem St Lawrence, MA 01843

Tom Carroll

Key Details

Location

Rooms

Interior

Exterior

Building

Others

G E T M O R E I N F O R M A T I O N

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246-254 Salem St