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$2,150,000
New Listing

246-258 Salem St
Lawrence, MA 01843

For Sale|Multi Family|Active
22
Beds
10
Total Baths
10
Full Baths
10,057
SqFt
$214
/SqFt
1920
Built
County:
Essex

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246-258 Salem St246-258 Salem St246-258 Salem St246-258 Salem St
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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.

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Listing Snapshot
Price 
$2,150,000
Days On Site 
0 Days
Bedrooms 
22
Inside Area (SqFt) 
10,057 sqft
Total Baths 
10
Full Baths 
10
Partial Baths 
N/A
Lot Size 
0.15 Acres
Year Built 
1920
MLS® Number 
73520829
Status 
Active
Property Tax 
$14,784
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 hours agoListing updated with changes from the MLS®
3 hours agoListing first seen on site
General Features
Acres 
0.15
Disclosures 
Construction year is 19181920 & 1920. see property card for details. Total living space is 10057 between the 6 unit2 family and single family. 2 Units have Lead paint certificates of compliance. Lot size total is based on all three units.
Foundation 
Stone
Number Of Stories 
3
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
10057
SqFt Total 
10057
Water Source 
Public
Zoning 
R3
Interior Features
Appliances 
Gas Water Heater
Basement 
Full
Electric 
100 Amp Service
Flooring 
WoodTileVinylOther
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
Frame
Exterior 
Balcony
Lot Features 
Other
Patio And Porch 
Porch
Roof 
ShingleRubber
Windows/Doors 
Insulated Windows
Community Features
Community Features 
Park
Listing courtesy of Jose Frias of Realty ONE Group Nest



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, landlords, 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, leasing or renting 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, leasing or renting. 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.

Last checked 2026-05-18 11:32 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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