86 S Broadway Lawrence, MA 01843
South Common NeighborhoodEstimated payment $14,243/month
About This Home
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.
Listing Agent
Brad Carlson
New England Realty Advisors LLC Listed on: 05/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,500
Year Built
- Built in 1900
Lot Details
- 6,995 Sq Ft Lot
- Zero Lot Line
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Rubber Roof
Interior Spaces
- 11,800 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 38 Bedrooms
- 4 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Community Details
Overview
- 38 Units
Building Details
- Operating Expense $165,797
- Net Operating Income $240,276
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2026 05/12/26 | For Sale | $2,395,000 | -- | $203 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73516971
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Ask me questions while you tour the home.