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This 41-unit mixed-use building consists of (3) commercial units totaling 5900 SF and (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. 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 9.30%. Seller will consider other property in trade to help accommodate a 1031 exchange.

More Info

Basic Information

  • Gross Income $493,500
  • Lot Features Level
  • Mls StatusActive
  • Parcel Number 4205642
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $2,342,400
  • Tax Year 2025
  • Taxes$26,240

Parking

  • Open Parking YN Yes
  • Parking Spaces

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 7
  • Bedrooms38
  • Full Bath7

Basic Information

  • List Price$3,150,000
  • MLS Number73454121
  • Modification Date05/12/2026
  • Property SubType5+ Family - Rooming House

Location

  • Address82 S Broadway
  • Building Number82
  • CountyEssex
  • StateMA
  • StreetS Broadway
  • TownLawrence
  • Zip01843

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationBrick/Mortar
  • Levels 3
  • Rooms45
  • Stories3
  • Units41
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.16

Exterior

  • RoofRubber

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 17,706
  • Lot Size Square Feet 6,995
  • Lot Size Units Acres
  • Square Feet17,706

Amenities

  • AmenitiesPublic Transportation, Shopping, Public School, T-Station
  • Other AmenitiesBasement

Legal

  • ZoningB2

Other

  • Date Listed11/12/2025
  • Farm Land Area Units Square Feet
  • View Count8

Map Location

Driving Directions

Listed by Bradford Carlson of New England Realty Advisors LLC

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