246-258 Salem Street

Lawrence, MA 01843

$1,699,900
Price
19
Beds
9
Baths
8,686 Sq. Ft.
$196 / Sq. Ft.
8,686
Sq. Ft.
$196
per Sq. Ft.

Description

Exceptional opportunity to own a well maintained, 9-unit investment property in the desirable South Lawrence area. 3 separate buildings on one lot, a 6-family, single family and 2-family. Eight 2-bedrooms and one 3-bedroom unit, all large with many cosmetic updates throughout. With updated heating systems and a well maintained basement, there is little to do here. Most tenants are TAW and many of the rents are well below fair market. Located within walking distance of public transportation and downtown,...Exceptional opportunity to own a well maintained, 9-unit investment property in the desirable South Lawrence area. 3 separate buildings on one lot, a 6-family, single family and 2-family. Eight 2-bedrooms and one 3-bedroom unit, all large with many cosmetic updates throughout. With updated heating systems and a well maintained basement, there is little to do here. Most tenants are TAW and many of the rents are well below fair market. Located within walking distance of public transportation and downtown, it also offers convenience for tenants. Don’t miss this opportunity to secure a well-maintained asset in an appreciating neighborhood!
  1. Listed by Patrick Hermans • J. Borstell Real Estate, Inc.

Property Details for 246-258 Salem Street

Town
Lawrence
MLS Area
South Lawrence
Area
MA-Lawrence-South Lawrence, MA-Lawrence
Style
Garden
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 10/21/2024 12:36 PM

Property Details for 246-258 Salem Street

StatusNew
MLS #73304583
Days on Market2
Taxes$9,540 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1918
CountyEssex County

Building Information for 246-258 Salem Street

Stories9Residences9Year Built1918Building Size-Lot Size0.11 AC / 4,657 SF

Property Information for 246-258 Salem Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Laundromat, Highway Access
  • Living Area: 8686.0
  • SqFt with Basement: No
  • Total Units: 9
  • Waterfront: No
  • Year Built Details: Unknown/Mixed
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access, Concrete Floor
  • Num of Baths: 9.0
  • Num of Full Baths: 9
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 9.00
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Vinyl
  • Interior Features: Living Room, Kitchen
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Garden
  • Exterior Features: Garden Area, Deck
  • Lot Description: Other
  • Patio And Porch Features: Deck
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 1974690
  • Assessments: $1,031,400
  • Block: 0000
  • Book: 16223
  • Lot: 0018
  • Map: 0121
  • Tax Year: 2024
  • Zoning: R Mult Bld
Building / Association Information
Living Characteristics
  • Beds Total: 19
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 9
Income / Expenses
  • GOI: $182,748.00
  • NOI: $182,748.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $15,229.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 246-258 Salem Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 246-258 Salem Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Public - K to 8
Public - 5 to 8
Public - 5 to 8
Rating
School
Distance
School For Exceptional Studies
PublicPK to 12

Emily G Wetherbee
PublicK to 8

Guilmette Middle School
Public5 to 8

Frost Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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246-258 Salem Street is a multi-family home for sale in Lawrence, MA 01843. This property was listed for sale on October 21, 2024 by J. Borstell Real Estate, Inc., it's currently listed at $1,699,900. It has been on the market for a total of 2 days and was last sold on March 11, 2020. This listing's school district is Lawrence School District. Nearby schools include School For Exceptional Studies, Emily G Wetherbee and Guilmette Middle School. 246-258 Salem Street is a 19-bed, 9-bath, 8,686 sqft multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of J. Borstell Real Estate, Inc., Patrick Hermans

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.