82 S Broadway Lawrence, MA 01843
South Common NeighborhoodEstimated payment $19,003/month
Highlights
- Property is near public transit and schools
- Shops
- Level Lot
About This Home
This 41-unit mixed-use building consists of (3) commercial units and (38) SRO (single room occupancy) units. 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, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%. Seller will consider other property in trade to help accommodate a 1031 exchange.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,240
Year Built
- Built in 1900
Lot Details
- 6,995 Sq Ft Lot
- Level Lot
Parking
- Open Parking
Home Design
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
Interior Spaces
- 17,706 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 38 Bedrooms
- 7 Full Bathrooms
Location
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number 4205642
Community Details
Building Details
- Insurance Expense $27,277
- Water Sewer Expense $6,295
- Operating Expense $163,582
- Net Operating Income $297,733
Additional Features
- 41 Units
- Shops
Map
Home Values in the Area
Average Home Value in this Area
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 | -- | $2,342,400 | $186,400 | $2,156,000 |
| 2024 | -- | $2,327,500 | $147,100 | $2,180,400 |
| 2023 | $0 | $2,021,900 | $122,700 | $1,899,200 |
| 2022 | $0 | $1,132,300 | $111,900 | $1,020,400 |
| 2021 | $0 | $959,800 | $111,900 | $847,900 |
| 2020 | $0 | $943,800 | $103,800 | $840,000 |
| 2019 | $0 | $775,200 | $110,200 | $665,000 |
| 2018 | $0 | $704,000 | $99,800 | $604,200 |
| 2017 | $0 | $668,900 | $91,100 | $577,800 |
| 2016 | -- | $628,600 | $86,400 | $542,200 |
| 2015 | -- | $628,600 | $86,400 | $542,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/13/2026 03/13/26 | Price Changed | $3,150,000 | -1.6% | $178 / Sq Ft |
| 11/12/2025 11/12/25 | For Sale | $3,200,000 | -- | $181 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $2,100,000 | None Available | |
| Quit Claim Deed | $2,200,000 | None Available | |
| Quit Claim Deed | $880,000 | -- | |
| Land Court Massachusetts | -- | -- | |
| Land Court Massachusetts | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,900,000 | Commercial | |
| Previous Owner | $515,000 | Commercial | |
| Closed | $0 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73454121
APN: LAWR-000121-000000-000043
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