$2,395,000
86 S Broadway
Lawrence, MA, 01843
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 property is currently professionally managed and they are prepared to continue managing the property for new owner. Seller will consider other property in trade to help accommodate a 1031 exchange.
Property Details
Price:
$2,395,000
MLS #:
73516971
Status:
Active
Beds:
38
Baths:
4
Type:
Multi Family
Subtype:
5+ Family – Rooming House
Listed Date:
May 12, 2026
Finished Sq Ft:
11,800
Total Sq Ft:
11,800
Lot Size:
6,995 sqft / 0.16 acres (approx)
Year Built:
1900
Units:
38
Schools
Interior
Above Grade Finished Area
11800
Bathrooms
4 Full Bathrooms
Levels
2
Exterior
Construction Materials
Brick
Lot Features
Zero Lot Line
Open Parking YN
1
Parking Features
On Street
Roof
Rubber
Stories
2
Financial
Tax Year
2025
Taxes
$17,500
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
- Address86 S Broadway Lawrence MA
- CityLawrence
- CountyEssex
- Zip Code01843
Subdivisions in Lawrence
Similar Listings Nearby
Property Summary
- 86 S Broadway Lawrence MA is a Multi Family for sale in Lawrence, MA, 01843. It is listed for $2,395,000 To schedule a showing of MLS#73516971 at 86 S Broadway in Lawrence, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Marcus & Millichap Real Estate Investment Services. 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.
86 S Broadway
Lawrence, MA