86 S Broadway
Lawrence, MA 01843
38
Bed
4
Bath
11,800Sqft
0.16Acre(Lot)
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 proper
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Total Bedroom: 38 -
Roofing Information
Rubber -
Interior Features
Roof: Rubber -
Heating & Cooling
WaterSource: Public
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Building Information
Year Built: 1900 Construction Materials: Brick Basement: Full -
Exterior Features
Foundation Details: Stone, Brick/Mortar
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Lot Information
Lot Description: Zero Lot Line Lot Size Area: 0.16 Lot Size Units: Acres Lot Square Feet: 6,995 Lot Acres: 0.16 Stories: 2 Main Square Feet: 0.16Property Information
Property Type: Residential Income Sub Type: 5+ Family - Rooming HouseSQ ft (Living Area): 11,800
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Listing Price Information
Original Listing Price: $2395000
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Tax Information
Annual Tax: $17500
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Parking Information
On Street
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Location Information
Direction: South Broadway
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 |
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ByOwner last updated this listing 06/22/2026 @ 15:10
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Homes around $2,395,000
 SRO (single room occupancy) units across 11,800 SF....)
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