$2,150,000
246-254 Salem St
Lawrence, MA, 01843
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.
Property Details
Price:
$2,150,000
MLS #:
73520829
Status:
Pending
Beds:
22
Baths:
10
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
May 18, 2026
Finished Sq Ft:
10,057
Total Sq Ft:
10,057
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1920
Units:
9
Schools
Interior
Above Grade Finished Area
10057
Bathrooms
10 Full Bathrooms
Flooring
Wood, Tile, Vinyl, Other
Levels
3
Exterior
Community Features
Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Construction Materials
Frame
Exterior Features
Balcony
Lot Features
Easements, Other
Patio And Porch Features
Porch
Roof
Shingle, Rubber
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2026
Taxes
$14,784
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Lawrence as of Jun 20, 2026
38
Multi Family Listed
121
Avg DOM
256
Avg $ / SqFt
$1,022,308
Avg List Price
Community
- Address246-254 Salem St Lawrence MA
- CityLawrence
- CountyEssex
- Zip Code01843
Subdivisions in Lawrence
Similar Listings Nearby
Property Summary
- 246-254 Salem St Lawrence MA is a Multi Family for sale in Lawrence, MA, 01843. It is listed for $2,150,000 To schedule a showing of MLS#73520829 at 246-254 Salem St in Lawrence, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Realty ONE Group Nest. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
246-254 Salem St
Lawrence, MA