86 S Broadway Lawrence, MA ^$ 2,395,000

86 S Broadway

^$ 2,395,000

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86 S Broadway

Lawrence, MA, 01843

^$ 2,395,000

Bedrooms38 Baths4.0 Sq 11,800

Monthly Estimate*

^$ 14,746

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Multi-Family Home for sale in Lawrence, MA

for $2,395,000 with 38 bedrooms and 4 full baths. This 11,800 square foot home was built in 1900 on a lot size of 0.16.

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.

Multi-Family Active

Price

^$ 2,395,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 17,500

Style

5+ Family - Rooming House

Lot Size

0.16

Year Built

1900

Town/City

Lawrence

County/Region

Essex

MLS | Web ID

73516971

List By

Bradford Carlson

Listing Agent

New England Realty Advisors Llc

Broker

Affordability Calculator

$16,205

Per Month

Monthly Principal & Interest: $14,746
Monthly Property Taxes: $1,458
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Multi-family listings in Lawrence, MA

Average List Price ^$1,158,100

Percent of Sale Price 52%

About Lawrence, MA

81,636 Population

13% Since 2002

^$37,342 Median Income

34 Median Age

35% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
5/12/2026	$2,395,000		Listed Price

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86 S Broadway, Lawrence, MA, 01843 is a Multi-Family Home for sale at $2,395,000 with 11,800 sqft and a lot size of 0.16. 86 S Broadway has 38 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 01843 which is in Lawrence, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/16/2026.

The real estate information and related content displayed on this site 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.

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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86 S Broadway

Multi-Family Home for sale in Lawrence, MA

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