246-254 Salem St
Lawrence, MA 01843
22
Bed
10
Bath
10,057Sqft
0.15Acre(Lot)
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 ass
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 10 Full Baths: 10Room Information
Total Bedroom: 22 Window Feature: Insulated Windows -
Flooring Information
Wood, Tile, Vinyl, Other -
Roofing Information
Shingle, Rubber -
Interior Features
Roof: Shingle, Rubber -
Heating & Cooling
WaterSource: Public
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Building Information
Year Built: 1920 Construction Materials: Frame Basement: Full -
Exterior Features
BalconyFoundation Details: StonePorch: Porch
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Lot Information
Lot Description: Easements, Other Lot Size Area: 0.15 Lot Size Units: Acres Lot Square Feet: 6,534 Lot Acres: 0.15 Stories: 3 Main Square Feet: 0.15Property Information
Property Type: Residential Income Sub Type: 5-9 FamilySQ ft (Living Area): 10,057
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Listing Price Information
Original Listing Price: $2150000
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Tax Information
Parcel Number: M:0121 B:0000 L:0018 Annual Tax: $14784
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Utility Information
for Gas Range -
Location Information
Direction: Google map 246 Salem St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 48 Chickering Street, Lawrence, MA, 01843 | $515,000 | 3 | 1 | 1,370 | 1,370 SqFt |
| 5 Lafayette Ave, Lawrence, MA, 01843 | $599,900 | 3 | 2 | 1,120 | 1,120 SqFt |
| 401 S Broadway, Lawrence, MA, 01843 | $564,900 | 4 | 2 | 1,056 | 1,056 SqFt |
| 159 S Union Street, Lawrence, MA, 01843 | $1,975,000 | 21 | 7 | 11,280 | 11,280 SqFt |
| 36 Louisberg St, Lawrence, MA, 01843 | $574,900 | 3 | 1 | 1,323 | 1,323 SqFt |
| 8 Brookfield St, Lawrence, MA, 01843 | $599,999 | 3 | 3 | 1,300 | 1,300 SqFt |
| 86 S Broadway, Lawrence, MA, 01843 | $2,395,000 | 38 | 4 | 11,800 | 11,800 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 20:30
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