86 S Broadway, Lawrence, MA 01843

Lawrence
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
86 S Broadway,Lawrence, MA 01843
$2,395,000
  • 38 Beds
  • 4 Baths
  • 11,800 sq. ft.
  • Multi-family
  • Active
Listed by: bradford carlson, bradford carlson
Office: new england realty advisors llc
MLS#:73516971
Source:MLSPIN

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$202.97

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.

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Home facts

  • Year built:1900
  • Listing ID #:73516971
  • Updated:May 14, 2026 at 10:41 AM

Rooms and interior

  • Bedrooms:38
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:45
  • Basement Description:Full
  • Living area:11,800 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:11,800 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Zero Lot Line
  • Construction Materials:Brick
  • Foundation Description:Brick/Mortar, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$202.97
  • Tax amount:$17,500 (2025)

Parking

  • Parking description:On Street
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