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246-254 Salem St

South Lawrence, Lawrence, MA 01843
$1,795,000
19 Beds
9 Baths
8,686 Living Area
  • Property Description
    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!
  • Highlights
    • Area: South Lawrence
    • Levels: 5
    • Property Type: 5-9 Family
    • Total Rooms: 37
    • Status: Closed
    • Heating: Baseboard, Natural Gas
    • Property Class: Residential Income
    • Stories: 5
    • Year Built: 1918
  • Additional Details
    • Basement: Full, Interior Entry, Concrete
    • Exterior Features: Garden
    • Foundation: Stone
    • Lot Features: Other
    • Roof: Shingle, Rubber
    • Total Number of Units: 9
    • Year Built Source: Public Records
    • Construction: Frame
    • Flooring: Tile, Vinyl
    • Interior Features: Living Room, Kitchen
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Unknown/Mixed
    • Zoning: R Mult Bld
  • Amenities
    • Community Features: Public Transportation, Laundromat, Highway Access
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $1,031,400
    • Tax Year: 2024
    • Total Rent: $15,229
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
    • Taxes: $9,540

Location

246-254 Salem St, Lawrence, MA 01843

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Realty ONE Group Nest. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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