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Chris Sanner

chriswaypointgroup@gmail.com +1(216) 394-9821

$ 2,995,000

Est. payment | -/mo

38 Beds

7 Baths

17,706 SqFt

Save

$ 2,995,000

Est. payment | -/mo

Save

38 Beds

7 Baths

17,706 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 17,706 sqft

Price per Sqft $169

MLS Listing ID 73454121

Bedrooms 38

Full Baths 7

Year Built 1900

Annual Tax Amount $26,240

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 5+ Family - Rooming House

Property Description

This 41-unit mixed-use building consists of (3) commercial units totaling 5900 SF and (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. 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%. Seller will consider other property in trade to help accommodate a 1031 exchange.

Location

State MA

County Essex

Zoning B2

Direction Located at 82 S Broadway Lawrence, MA

Rooms

Basement Full

Exterior

Community Features Public Transportation, Shopping, Public School, T-Station

Roof Type Rubber

Garage No

Building

Lot Description Level

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by New England Realty Advisors LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(216) 394-9821

chriswaypointgroup@gmail.com

91 Main St, Charlestown, MA, 02129, USA

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82 S Broadway Lawrence, MA 01843