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246 254 Salem St

Lawrence, MA 01843

19 beds
9 baths
8,686 sqft
4,657 sqft lot
$206 per sqft
1918 build
– on site

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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!

Listing courtesy of MLSPIN / Patrick Hermans / J. Borstell Real Estate, Inc.

Last checked: Checking… • Last updated Jan 28, 2025 •

MLS# 73304583 —

The Building

Year Built:

1918
Year Built Details:

Unknown/Mixed
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Stone
Exterior Features:

Garden
Patio And Porch Features:

Deck
Stories Total:

9
# of Units Total:

9
Building Area Total:

8686
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

37
Interior Features:

Living Room
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

8686

Location

Directions:

South Lawrence: Take 495 to South Broadway, left onto Salem Street
Latitude:

42.696568
Longitude:

-71.164428

The Property

Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Other
Lot Size Units:

Acres
Lot Size Area:

0.11
Lot Size SqFt:

4657
Lot Size Acres:

0.11
Zoning:

R Mult Bld
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

0018
Tax Map Number:

0121
Tax Book Number:

16223
Tax Annual Amount:

9540
Tax Assessed Value:

1031400

Beds

Bedrooms Total:

19

Baths

Total Baths:

9
Total Baths:

9
Full Baths:

9

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

Baseboard
Heating:

true

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false

Explore the Area

My Commute

From

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/13/24 Dec 13, 2024	Sold	MLSPIN	$1,795,000	5.6%
11/12/24 Nov 12, 2024	Pending	MLSPIN	$1,699,900
10/29/24 Oct 29, 2024	Sold Subject To Contingencies	MLSPIN	$1,699,900

Multifamily Sold on 12/13/2024

$1,795,000

Listing provided by broker:

Patrick Hermans

J. Borstell Real Estate, Inc.

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Listing Courtesy of: MLSPIN and J. Borstell Real Estate, Inc..

The property listing data and information 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 MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

246 254 Salem St

Lawrence, MA 01843