246-254 Salem St, Lawrence, MA 01843

Lawrence
Local realty services provided by:ERA Hart Sargis-Breen Real Estate
246-254 Salem St,Lawrence, MA 01843
$2,150,000
  • 22 Beds
  • 10 Baths
  • 10,057 sq. ft.
  • Multi-family
  • Active
Listed by: jose frias, jose frias
Office: realty one group nest
MLS#:73520829
Source:MLSPIN

Price summary

  • Price:$2,150,000
  • Price per sq. ft.:$213.78

About this home

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.

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Home facts

  • Year built:1920
  • Listing ID #:73520829
  • Updated:May 22, 2026 at 10:40 AM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:10
  • Full bathrooms:10
  • Rooms Total:37
  • Flooring:Tile, Vinyl, Wood
  • Basement Description:Full
  • Living area:10,057 sq. ft.

Structure and exterior

  • Roof:Rubber, Shingle
  • Year built:1920
  • Building area:10,057 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Easements
  • Construction Materials:Frame
  • Exterior Features:Balcony, Porch
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,150,000
  • Price per sq. ft.:$213.78
  • Tax amount:$14,784 (2026)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. 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, and the Images, 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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