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Back 246 Salem Street
Off Market

246 Salem Street

Lawrence MA 01843

22
10
10057 sq. ft.
6534 sq. ft.
Other
Last sold for $2,200,000
Jose FriasJose Frias, last sold this property on 15 September 2026 after 119 days on market.

Overview

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.

Features

22 bedrooms
10 bathrooms
10057 sq. ft. floor area
6534 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 22 bedroom other properties sold in Lawrence over the last 12 months.

Property history for 246 Salem Street

2026
Sold
$2,200,000
15 Sep 2026 by Jose Frias, of Realty ONE Group Nest
2024
Sold
$1,795,000
12 Dec 2024 by David Guselli, of Prudential First Choice Realty
2020
Sold
$1,250,000
11 Mar 2020 by DNA Realty Group, of Keller Williams Realty

Happy sellers in Lawrence

100%
100% of sellers in Lawrence reported that their sale price either exceeded or met their price expectations.

Lawrence stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Lawrence over the last 12 months.

Local market activity for 22 bedroom other properties in Lawrence

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lawrence

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Jose Martinez

Sellers who recommend Jose Martinez have praised them for being local expert, clear communication, supportive, responsive, reliable, patient, and honest

  •   5   (97 reviews)
  •  5 Reviews in Lawrence
  •  6 Sales in Lawrence
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Jose Frias

Sellers who recommend Jose Frias have praised them for being supportive, local expert, clear communication, responsive, dedicated, detail-oriented, and great negotiation

  •   5   (80 reviews)
  •  2 Reviews in Lawrence
  •  4 Sales in Lawrence
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Jamie Adames

Jamie Adames is a recommended agent for Lawrence.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (21 reviews)
  •  1 Review in Lawrence
  •  1 Sale in Lawrence
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DIANE AMATO

DIANE AMATO is a recommended agent for Lawrence.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (5 reviews)
  •  1 Review in Lawrence
  •  1 Sale in Lawrence
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