$1,795,000
$1,699,900
5.6%For more information regarding the value of a property, please contact us for a free consultation.
246-254 Salem St Lawrence, MA 01843
19 Beds
9 Baths
8,686 SqFt
Key Details
Sold Price $1,795,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,686 sqft
Price per Sqft $206
MLS Listing ID 73304583
Sold Date 12/13/24
Bedrooms 19
Full Baths 9
Year Built 1918
Annual Tax Amount $9,540
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 5-9 Family
Property 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, it also offers convenience for tenants. Don't miss this opportunity to secure a well-maintained asset in an appreciating neighborhood!
Location
State MA
County Essex
Area South Lawrence
Zoning R Mult Bld
Direction South Lawrence: Take 495 to South Broadway, left onto Salem Street
Rooms
Basement Full, Interior Entry, Concrete
Interior
Interior Features Living Room, Kitchen
Heating Baseboard, Natural Gas
Flooring Tile, Vinyl
Exterior
Exterior Feature Garden
Community Features Public Transportation, Laundromat, Highway Access
Roof Type Shingle,Rubber
Garage No
Building
Lot Description Other
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Jose Frias • Realty ONE Group Nest