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86 S Broadway, Lawrence MA 01843

$2,395,000

Estimated $5,342/month Calculator

Multi Family

Total Units: 38

Price Per Unit: $63,026.32

Total Rent: 24000/year

Estimated CAP Rate:

38 Bedrooms

Baths

11800

Total Parking: 0

6,995 (0.16)

This 38-unit rooming house consists of (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres, the properties second and third floor are being offered for sale separate to the retail commerical units on the first floor. 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, grocery stores, and parks. The cap rate upon acquisition is 10.03%. The property is currently professionally managed and they are prepared to continue managing the property for new owner. Seller will consider other property in trade to help accommodate a 1031 exchange.

This home has been viewed 12 times

Last Checked: May 17th, 2026 at 6:23am (Source: MLS PIN #73516971)

Gross Income: $24,000

Gross Expenses: $17,500

Net Income Calc: $6,500

Water Views

Annual Expenses for 86 S Broadway, Lawrence MA 01843

Total Gross Expenses (Calculated)$17,500/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax17500

Annual Income & Unit Breakdown for 86 S Broadway, Lawrence MA 01843

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor2

Levels in Unit0

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor2

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 86 S Broadway, Lawrence MA 01843

Listing ID73516971

Property TypeMulti Family

Price2395000 ($202.97/SqFt)

Style5+ Family - Rooming House

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total11800

Approximate Lot Size (Acres)0.16

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 86 S Broadway, Lawrence MA 01843

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsBasement Fridge

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 86 S Broadway, Lawrence MA 01843

Real Estate Taxes17500

Tax Year2025

Assessed Value$2,342,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 86 S Broadway, Lawrence MA 01843

Neighborhood(s)

Area Amenities

Contact Information for 86 S Broadway, Lawrence MA 01843

Agent

Name: Bradford Carlson

Office

Name: New England Realty Advisors LLC

Phone: 781-334-8044

Team Members

Payment Calculator

, Interest

Property Taxes 1458.33

Principal & Interest 14757.23

HOA Dues

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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    [unparsed] => 86 S Broadway, Lawrence MA 01843
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EXIT

20 More Photos

Active

86 S Broadway, Lawrence MA 01843

$2,395,000

Annual Expenses for 86 S Broadway, Lawrence MA 01843

Annual Income & Unit Breakdown for 86 S Broadway, Lawrence MA 01843

General Information for 86 S Broadway, Lawrence MA 01843

Disclosures for 86 S Broadway, Lawrence MA 01843

Financial Information for 86 S Broadway, Lawrence MA 01843

Location Information for 86 S Broadway, Lawrence MA 01843

Contact Information for 86 S Broadway, Lawrence MA 01843

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

New England Realty Advisors LLC

Bradford Carlson