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(781) 223-5813
(781) 223-5813 Email (781) 223-5813
Mary Ellen McDonough
REALTOR®
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246-258 Salem St
Lawrence, MA 01843

$2,150,000

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Listing Details

  • $2,150,000
  • MLS# 73520829
  • Type Multi Unit - Multiple
  • Status Active
  • 22
    Bedrooms
  • 10 full
    Bathrooms
  • 10,057
    Square Feet
  • 0.150 acres
    Lot Size
  • 1920
    Year Built
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Listed By

Agency Name: Realty ONE Group Nest
Agent Name: Jose Frias
Agency Phone: 978-655-1385

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Shown By

Agent Name: Mary Ellen McDonough
Agent Phone: (781) 223-5813
Agency Title: Donahue Real Estate Co.

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Home Value Estimate

Description

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...read more

Features

  • Wood
  • Tile
  • Vinyl
  • Other
  • 3.0 Stories
  • $14,784 Taxes
  • Public
  • Built in 1920
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Listed By

Agency Name: Realty ONE Group Nest
Agent Name: Jose Frias
Agency Phone: 978-655-1385

agent picture

Shown By

Agent Name: Mary Ellen McDonough
Agent Phone: (781) 223-5813
Agency Title: Donahue Real Estate Co.

IDX logo

Mary Ellen McDonough
Mary Ellen McDonough Office: (781) 223-5813 Cell: (781) 223-5813 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/19/2026. The listing information on this page last changed on 05/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/19/2026 6:40:50 AM EST) or MLSPIN MLS (last updated Mon 05/18/2026 11:38:26 PM EST) or Cape Cod / Islands MLS (last updated Tue 05/19/2026 1:17:06 AM EST). Real estate listings held by brokerage firms other than Donahue Real Estate Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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