Seller's Agent in 2024
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
2 in this area
50 Total Sales
246 Salem St Lawrence, MA 01843
South West Neighborhood
19
Beds
9
Baths
8,686
Sq Ft
4,657
Sq Ft Lot
Highlights
- Deck
- Living Room
- Garden
- Property is near public transit
- Tile Flooring
- Baseboard Heating
About This Home
As of December 2024Exceptional 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,540
Year Built
- Built in 1918
Lot Details
- 4,657 Sq Ft Lot
- Garden
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 8,686 Sq Ft Home
- Living Room
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 19 Bedrooms
- 9 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $15,229
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Tax Lot 0018
Community Details
Overview
- 9 Units
- Property has 1 Level
Additional Features
- Coin Laundry
- Net Operating Income $182,748
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $1,795,000 | +5.6% | $207 / Sq Ft | |
| 10/29/2024 10/29/24 | Pending | -- | -- | -- | |
| 10/21/2024 10/21/24 | For Sale | $1,699,900 | +36.0% | $196 / Sq Ft | |
| 03/11/2020 03/11/20 | Sold | $1,250,000 | -3.1% | $144 / Sq Ft | View Prior Sale |
| 01/27/2020 01/27/20 | Pending | -- | -- | -- | |
| 01/09/2020 01/09/20 | For Sale | $1,290,000 | -- | $149 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,517 | $1,195,100 | $166,400 | $1,028,700 |
| 2024 | $9,540 | $1,031,400 | $129,000 | $902,400 |
| 2023 | $9,750 | $959,600 | $107,600 | $852,000 |
| 2022 | $9,732 | $850,700 | $98,100 | $752,600 |
| 2021 | $10,021 | $816,700 | $98,100 | $718,600 |
| 2020 | $9,083 | $730,700 | $91,000 | $639,700 |
| 2019 | $7,523 | $549,900 | $72,300 | $477,600 |
| 2018 | $7,756 | $541,600 | $68,500 | $473,100 |
| 2017 | $7,724 | $503,500 | $64,700 | $438,800 |
| 2016 | $7,207 | $464,700 | $53,300 | $411,400 |
| 2015 | $7,040 | $465,600 | $53,300 | $412,300 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Hermans
-
Jose Frias
Buyer's Agent in 2024
Jose Frias
Realty ONE Group Nest
(978) 902-1561
7 in this area
130 Total Sales
-
Arthur Martiroso
Seller's Agent in 2020
Arthur Martiroso
Keller Williams Realty
(617) 340-9135
197 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73304583
APN: LAWR M:0121 B:0000 L:0018
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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