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82 S Broadway, Lawrence MA 01843

$3,200,000

Estimated $7,375.45/month Calculator

Multi Family

Total Units: 41

Price Per Unit: $78,048.78

Total Rent: 24000/year

Estimated CAP Rate: -1.79%

38 Bedrooms

7 Full Baths

17,706 SqFt

Total Parking: 0

6,995 SqFt

This 41-unit mixed-use building consists of (3) commercial units and (38) SRO (single room occupancy) units. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%. Seller will consider other property in trade to help accommodate a 1031 exchange.

This home has been viewed 20 times

Last Checked: November 17th, 2025 at 6:58am (Source: MLS PIN #73454121)

Gross Income: $24,000

Gross Expenses: $81,346

Net Income Calc: $57,346

CAP Rate: -1.79%

Annual Expenses for 82 S Broadway, Lawrence MA 01843

Total Gross Expenses (Calculated)$81,346/year

APOD AvailableYes

Heating

Electricity

Water$6,295

Gas$6,295

Insurance$27,277

Sewer$6,295

Trash Removal

Repair & Maintenance$12,000

Management

Miscellaneous

Real Estate Tax$26,240

Annual Income & Unit Breakdown for 82 S Broadway, Lawrence MA 01843

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$1,000

LeaseN

Bedrooms0

Bathrooms

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$1,000

LeaseY

Bedrooms0

Bathrooms

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 82 S Broadway, Lawrence MA 01843

Listing ID73454121

Property TypeMulti Family

Price$3,200,000 ($180.73/SqFt)

Style5+ Family - Rooming House

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total17,706 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningB2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 82 S Broadway, Lawrence MA 01843

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$163,582

Total Gross Income By Broker$493,500

Total Net Income By Broker$297,733

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 82 S Broadway, Lawrence MA 01843

Real Estate Taxes$26,240

Tax Year2025

Assessed Value$2,342,400

Financial Data SourceOwner

Total Gross Expenses By Broker$163,582

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$493,500

BostonRealEstate.com Gross Income

Total Net Income By Broker$297,733

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.79%

Location Information for 82 S Broadway, Lawrence MA 01843

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Public Transportation, T-station

Contact Information for 82 S Broadway, Lawrence MA 01843

Agent

Name: Bradford Carlson

Office

Name: New England Realty Advisors LLC

Phone: 781-334-8044

Payment Calculator

, Interest

Property Taxes 2186.67

Principal & Interest 19717.38

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

New England Realty Advisors LLC

Bradford Carlson

Agent Phone

Office Phone

(781) 334-8044

Text Agent Call Agent Call Office

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EXIT

Active

82 S Broadway, Lawrence MA 01843

$3,200,000

Annual Expenses for 82 S Broadway, Lawrence MA 01843

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Financial Information for 82 S Broadway, Lawrence MA 01843

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Exclusive Listing Agent

New England Realty Advisors LLC

Bradford Carlson