246-258 Salem St Lawrence, MA ^$ 2,150,000

246-258 Salem St

^$ 2,150,000

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246-258 Salem St

Lawrence, MA, 01843

^$ 2,150,000

Bedrooms22 Baths10.0 Sq 10,057

Monthly Estimate*

^$ 13,238

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Multi-Family Home for sale in Lawrence, MA

for $2,150,000 with 22 bedrooms and 10 full baths. This 10,057 square foot home was built in 1920 on a lot size of 0.15.

Exceptional investment opportunity in the heart of South Lawrence! This rare 9-unit property consists of a 6-unit building, a 2-family, and a single-family home, offering a total of 22 bedrooms and 10 bathrooms. The property features strong in-place cash flow with low operating expenses and upside potential. Most units have been tastefully renovated, providing modern interiors that attract and retain quality tenants. Major capital improvements include updated heating systems throughout, all replaced in 2019. The unit mix includes spacious 3-bedroom apartments, multiple 2-bedroom units, and a well-maintained single-family residence with 2 bedrooms and 2 baths. Located in a highly desirable South Lawrence location near major routes, shopping, schools, and public transportation. A turnkey asset with scale, stability, and long-term growth potential — one of the most attractive multifamily investments currently available in Lawrence.

Multi-Family Active

Price

^$ 2,150,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 14,784

Style

5-9 Family

Lot Size

0.15

Year Built

1920

Town/City

Lawrence

County/Region

Essex

MLS | Web ID

73520829

List By

Jose Frias

Listing Agent

Realty One Group Nest

Broker

Affordability Calculator

$14,470

Per Month

Monthly Principal & Interest: $13,238
Monthly Property Taxes: $1,232
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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Trends

Multi-family listings in Lawrence, MA

Average List Price ^$1,134,464

Percent of Sale Price 47%

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
5/18/2026	$2,150,000		Listed Price

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246-258 Salem St, Lawrence, MA, 01843 is a Multi-Family Home for sale at $2,150,000 with 10,057 sqft and a lot size of 0.15. 246-258 Salem St has 22 bedrooms, 10.0 baths, and was built in 1920. 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 5/18/2026.

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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246-258 Salem St

Multi-Family Home for sale in Lawrence, MA

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