49 Lawrence St

Salem, MA 01970

$1,115,000
Last Sold Price
9
Beds
3,159 Sq. Ft.
$353 / Sq. Ft.
3,159
Sq. Ft.
$353
per Sq. Ft.

Description

Attention Investors and Homeowners! Whether you're seeking an outstanding long-term investment, a 1031 exchange before year-end, or looking to offset your mortgage with rental income, this property offers the perfect opportunity. Rent out all three units and generate over $100k in gross annual income, flip for condos, or live in the beautifully updated first-floor unit. Located just a few blocks from the proposed new commuter rail station. Exceptionally updated three-family home features 3 bedrooms...Attention Investors and Homeowners! Whether you're seeking an outstanding long-term investment, a 1031 exchange before year-end, or looking to offset your mortgage with rental income, this property offers the perfect opportunity. Rent out all three units and generate over $100k in gross annual income, flip for condos, or live in the beautifully updated first-floor unit. Located just a few blocks from the proposed new commuter rail station. Exceptionally updated three-family home features 3 bedrooms and 1 bathroom in each unit. The units have porches to enjoy summer evenings. Full basement for storage and it walks out to nice size yard. Off street parking for 4-5 cars. Two units are already fully rented to excellent tenants, while the first-floor unit is available for you to rent or occupy as you see fit. Rare to find an all 3 bedroom unit multifamily. Don’t miss this incredible chance!
  1. Listed by Helen Bolino • Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Details for 49 Lawrence Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 11/05/2024 11:53 AM

Property Details for 49 Lawrence Street

StatusSold
MLS #73298609
Days on Market18
Taxes$7,734 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyEssex County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Commonwealth Real Estate, Helen Bolino

Sold By eXp Realty, Pax Estate Group

Add your commute

Building Information for 49 Lawrence Street

Stories6Residences3Year Built1900Building Size-Lot Size0.16 AC / 6,865 SF

Payment Calculator

$6,486 per month

30 year fixed, 6.845% Interest

Principal and Interest

$5,842

Property Taxes

$645

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 49 Lawrence Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, House of Worship, Public School, T-Station
  • Current Financing: Conv. Fixed
  • Living Area: 3159.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer
  • Basement Features: Full, Walk Out, Interior Access, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Hardwood
  • Interior Features: Living Room, Kitchen, Laundry Room
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Total monthly rent is with 1st fl obtaining $3,100/mo. new roof in 2022. Heating systems converted to gas in 2005. First floor hardwood floors just refinished. Exterior house just painted.New hot water tank for second
Tax Information
  • Tax ID: 2130904
  • Assessments: $665,600
  • Book: 24258
  • Lot: 0113
  • Map: 23
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Heat Units: 3
Income / Expenses
  • GOI: $63,300.00
  • NOI: $63,300.00
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: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,375.00

Property History for 49 Lawrence Street

DateEvent & SourcePriceAppreciation
Nov 5, 2024

Sold

MLS PIN #73298609

$1,115,000
Oct 22, 2024

Under Agreement

MLS PIN #73298609

Oct 8, 2024

Contingent

MLS PIN #73298609

Oct 4, 2024

Listed (Active)

MLS PIN #73298609

$1,050,000
May 5, 2005

Sold (Public Record)

Public Record #159324959

$449,000
May 4, 2005

Sold

MLS PIN #70147895

$449,000
Mar 10, 2005

Under Agreement

MLS PIN #70147895

Mar 10, 2005

Contingent

MLS PIN #70147895

Feb 18, 2005

Listed (Active)

MLS PIN #70147895

$449,900
DateEvent & SourcePrice
11/05/2024

Sold

MLS PIN #73298609

$1,115,000
10/22/2024

Under Agreement

MLS PIN #73298609

10/08/2024

Contingent

MLS PIN #73298609

10/04/2024

Listed (Active)

MLS PIN #73298609

$1,050,000
05/05/2005

Sold (Public Record)

Public Record #159324959

$449,000
05/04/2005

Sold

MLS PIN #70147895

$449,000
03/10/2005

Under Agreement

MLS PIN #70147895

03/10/2005

Contingent

MLS PIN #70147895

02/18/2005

Listed (Active)

MLS PIN #70147895

$449,900

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

Public Records for 49 Lawrence Street

Taxable ValueLand$214,800Additions$521,200Total$736,000
Tax Record2025$8,346 ($696 / month)
Home Facts
Baths3Total Finished SqFt3,159 SqFtAbove Grade Finished SqFt3,159 SqFtUnfinished Basement SqFt1,152 SqFtStories3Lot Size6,865 SqFtStyleTriplexYear Built1900ZoningR2CountyESSEXAPNSALE M:23 L:0113

Schools near 49 Lawrence Street

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Horace Mann Laboratory
PublicPK to 5

Bates Elementary School
PublicPK to 5

Carlton Elementary School
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

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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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 Berkshire Hathaway HomeServices Commonwealth Real Estate, Helen Bolino

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.