246-254 Salem St, Lawrence MA 01843
Lawrence, MA 01843
$2,150,000
Est. $12,304/month
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
May 19, 2026
Active → Active Under Contract
Pending Sale
May 19, 2026
Offer accepted, sale pending
Listed for Sale
May 18, 2026
$2,150,000
Original listing
Agent: Jose Frias
Office: Realty ONE Group Nest
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/19/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 05/19/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/18/2026 | 🏠 Listed for Sale | $2,150,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $14,784 | $1,711,100 |
Financial Details
Annual Property Tax
$14,784
Tax Year 2026
Assessed Value
$1,711,100
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1920
Living Area
10,057 sq ft
Lot Size
0.15 acres
Bedrooms
22
Full Baths
10
Total Rooms
37
Investment Metrics
Units
9
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile, Vinyl, Other
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle, Rubber
Features
Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
None
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$14,784
Assessed Value
$1,711,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Construction Year Is 1918, 1920 & 1920. See Property Card For Details. Total Living Space Is 10, 057 Between The 6 Unit, 2 Family And Single Family. 2 Units Have Lead Paint Certificates Of Compliance. Lot Size Total Is Based On All Three Units.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
10,057 is the total living space of all 3 buildings together per property card.
Documents
None
County
Essex
Total market time (incl. prior listings)
8 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1920
Bedrooms
22
Full Bathrooms
10
Living Area
10,057 sq ft
Total Rooms
37
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
10,057 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Vinyl, Other
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle, Rubber
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Easements, Other
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Lawrence School District local
D
Where Graduates Go
Class of 2021
36%
attend college
14%
4-Year
23%
2-Year
3%
Out of State
2%
Working
School Safety
2024-25
2.2%
Average
2.2%
Suspensions
1.1%
In-School
3.3% below state avg
Elementary Schools
3 schools
C+
Emily G Wetherbee School
0.2 mi
|
#235 of 352
|
Score: 37.5
Improved 1 spots from last year
-20.7 below state avg
480 students
Less Diverse
Rising School
Grades K-08
Lawrence Catholic Academy
0.3 mi
Grades PK-08
CLASS, Inc.
0.3 mi
Grades K-12
Middle Schools
3 schools
C-
Guilmette Middle School
0.7 mi
|
#294 of 352
|
Score: 31.8
Improved 4 spots from last year
-26.4 below state avg
457 students
Less Diverse
Grades 05-08
Blessed Stephen Bellesini O.S.A. Academy
0.9 mi
Grades 05-08
C-
Frost Middle School
0.9 mi
|
#297 of 352
|
Score: 31.7
Improved 21 spots from last year
-26.5 below state avg
508 students
Less Diverse
Rising School
Grades 05-08
High Schools
3 schools
B
High School Learning Center
0.3 mi
|
#172 of 346
|
Score: 71.1
Dropped 128 spots from last year
198 students
Less Diverse
Career Tech Programs
College Ready Curriculum
Grades 09-12
C
Lawrence High School
0.9 mi
|
#270 of 346
|
Score: 44.4
Improved 39 spots from last year
-13.8 below state avg
3,453 students
Less Diverse
13 sports
• 1,440 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
Phoenix Academy Public Charter High School, Lawrence
1.0 mi
|
#182 of 346
|
Score: 69.9
Dropped 160 spots from last year
140 students
Moderate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
$1,232
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
246-254 Salem St, Lawrence MA 01843
Lawrence, MA 01843
Listing Information
Listing Agent
Jose Frias
Listing Office
Realty ONE Group Nest
Office Phone
978-655-1385
Agent MLS ID
CN207589
Office MLS ID
AN7014
Listing Data Updated
Aug 4, 2026 11:57 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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