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49 Lawrence Street

Salem, MA 01970
$1,115,000
9 Beds
3 Baths
3,159 Living Area
  • Property Description
    **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!
  • Highlights
    • Heating: Forced Air, Natural Gas
    • Property Class: Residential Income
    • Total Rooms: 15
    • Status: Closed
    • Parking Spots: 5
    • Property Type: 3 Family
    • Year Built: 1900
  • Additional Details
    • Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer
    • Construction: Frame
    • Foundation: Stone, Brick/Mortar
    • Road Frontage Type: Public
    • Total Number of Units: 3
    • Year Built Source: Public Records
    • Basement: Full, Walk-Out Access, Interior Entry, Unfinished
    • Flooring: Wood, Tile, Hardwood
    • Interior Features: Living Room, Kitchen, Laundry Room
    • Roof: Shingle
    • Year Built Details: Actual
    • Zoning: R2
  • Amenities
    • Community Features: Public Transportation, Shopping, Medical Facility, House of Worship, Public School, T-Station
    • Parking Features: Paved Drive, Off Street
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $665,600
    • Tax Year: 2024
    • Total Rent: $8,375
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
    • Taxes: $7,734

Location

49 Lawrence Street, Salem, MA 01970

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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 eXp Realty. 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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