Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
22 Beds
10 Baths
10,057 sqft

$2,200,000

246-254 Salem St, Lawrence MA, 01843

Price per sqft$218.75
Built in1920
Property size10,057 sqft
Property typeMulti-family

Overview

Sold

Listed May 18, 2026

Updated 5 days ago

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.

Additional information

MLS® ID
73520829

Interior Features

Bedrooms
22
Bathrooms
10
Basement
Yes

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$14,784
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Jose Frias with Realty ONE Group Nest

The property listing data and images displayed herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, and public records, and compiled by MLS Property Information Network, Inc. This information is intended solely for the personal, non-commercial use of consumers who have a genuine interest in purchasing or leasing listed properties. It may not be used for any purpose other than to identify prospective properties of interest.

MLS Property Information Network, Inc. and its subscribers make no representations or warranties regarding the accuracy of the listing data or images presented.

©2026 MLS Property Information Network, Inc. All rights reserved.

Data last updated 5:03 AM UTC, 9/17/2026

Powered by Luxury Presence