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246-254 Salem St, Lawrence MA 01843

$2,150,000

Estimated $4,718/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $238,888.89

Total Rent: 0/year

Estimated CAP Rate:

22 Bedrooms

Baths

10057

Total Parking: 0

6,534 (0.15)

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.

This home has been viewed 13 times

Last Checked: May 27th, 2026 at 6:18am (Source: MLS PIN #73520829)

Gross Income: $0

Gross Expenses: $14,784

Net Income Calc: $14,784

Annual Expenses for 246-254 Salem St, Lawrence MA 01843

Total Gross Expenses (Calculated)$14,784/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14784

Annual Income & Unit Breakdown for 246-254 Salem St, Lawrence MA 01843

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Rent Includes

General Information for 246-254 Salem St, Lawrence MA 01843

Listing ID73520829

Property TypeMulti Family / 5+ Family

Price2150000 ($213.78/SqFt)

Style5-9 Family

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total10057

Approximate Lot Size (Acres)0.15

Total Parking0

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsUnknown/Mixed

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 246-254 Salem St, Lawrence MA 01843

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTree House

Financial Data Source

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 246-254 Salem St, Lawrence MA 01843

Real Estate Taxes14784

Tax Year2026

Assessed Value$1,711,100

Financial Data Source

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 246-254 Salem St, Lawrence MA 01843

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 246-254 Salem St, Lawrence MA 01843

Agent

Name: Jose Frias

Office

Name: Realty ONE Group Nest

Phone: 978-655-1385

Team Members

Payment Calculator

, Interest

Property Taxes 1232

Principal & Interest 13247.62

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Realty ONE Group Nest

Jose Frias

Agent Phone

Office Phone

(978) 655-1385

Text Agent Call Agent Call Office

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    [unparsed] => 246-254 Salem St, Lawrence MA 01843
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EXIT

39 More Photos

Pending

246-254 Salem St, Lawrence MA 01843

$2,150,000

Annual Expenses for 246-254 Salem St, Lawrence MA 01843

Annual Income & Unit Breakdown for 246-254 Salem St, Lawrence MA 01843

General Information for 246-254 Salem St, Lawrence MA 01843

Disclosures for 246-254 Salem St, Lawrence MA 01843

Financial Information for 246-254 Salem St, Lawrence MA 01843

Location Information for 246-254 Salem St, Lawrence MA 01843

Contact Information for 246-254 Salem St, Lawrence MA 01843

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Realty ONE Group Nest

Jose Frias