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86 S Broadway, Lawrence, MA 01843

Lawrence
Local realty services provided by:CENTURY 21 Professionals
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:July 06, 2026 at 11:09 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
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. MLSPIN Member Broker: Kimberly Allard

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