USAMALawrence86 S Broadway
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86 S Broadway, Lawrence, MA

House

For Sale

Listed price in listed location currency (USD).
$2,395,000

3840

MLS® 73516971

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 11800 sqft
Garage 
Taxes $17,500
Days Active 0
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $202
MLS® Number 73516971

Property Address: 86 S Broadway, Lawrence, MA, 01843

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73516971
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 12, 2026List Date
$2,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
86 S Broadway, Lawrence, MA

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