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49 Lawrence Street

Salem, MA 01970

9 beds
3 baths
3,159 sqft
6,865 sqft lot
$352 per sqft
1900 build
– on site

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**Attention Investors and Homeowners!** Whether you're seeking an outstanding long-term investment, a 1031 exchange before year-end, or looking to offset your mortgage with rental income, this property offers the perfect opportunity. Rent out all three units and generate over $100k in gross annual income, flip for condos, or live in the beautifully updated first-floor unit. Located just a few blocks from the proposed new commuter rail station. Exceptionally updated three-family home features 3 bedrooms and 1 bathroom in each unit. The units have porches to enjoy summer evenings. Full basement for storage and it walks out to nice size yard. Off street parking for 4-5 cars. Two units are already fully rented to excellent tenants, while the first-floor unit is available for you to rent or occupy as you see fit. Rare to find an all 3 bedroom unit multifamily. Don’t miss this incredible chance!

Listing courtesy of MLSPIN / Helen Bolino / Berkshire Hathaway HomeServices Commonwealth Real Estate

Last checked: Checking… • Last updated Nov 7, 2024 •

MLS# 73298609 —

The Building

Year Built:

1900
Year Built Details:

Actual
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Stone
Patio And Porch Features:

Porch
Stories Total:

6
# of Units Total:

3
Building Area Total:

3159
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

15
Interior Features:

Living Room
Flooring:

Wood
Fireplace:

false

Room Dimensions

Living Area:

3159

Location

Directions:

Jefferson to Lawrence Street
Latitude:

42.506163
Longitude:

-70.899623

The Property

Parcel Number:

2130904
Property Type:

Residential Income
Property Subtype:

3 Family
Lot Size Units:

Acres
Lot Size Area:

0.16
Lot Size SqFt:

6865
Lot Size Acres:

0.16
Zoning:

R2
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

0113
Tax Map Number:

23
Tax Book Number:

24258
Tax Annual Amount:

7734
Tax Assessed Value:

665600

Beds

Bedrooms Total:

9

Baths

Total Baths:

3
Total Baths:

3
Full Baths:

3

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

None
Cooling:

false

Utilities

Utilities:

for Gas Range
Electric:

Circuit Breakers
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

5
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/5/24 Nov 5, 2024	Sold	MLSPIN	$1,115,000	6.2%
10/22/24 Oct 22, 2024	Pending	MLSPIN	$1,050,000
10/10/24 Oct 10, 2024	Sold Subject To Contingencies	MLSPIN	$1,050,000

Multifamily Sold on 11/5/2024

$1,115,000

Listing provided by broker:

Helen Bolino

Berkshire Hathaway HomeServices Commonwealth Real Estate

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Listing Courtesy of: MLSPIN and Berkshire Hathaway HomeServices Commonwealth Real Estate.

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.

49 Lawrence Street

Salem, MA 01970