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INVESTMENT SNAPSHOT
About this property
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 10%. Seller will consider other property in trade to help accommodate a 1031 exchange.
Property details
| Units | 41 |
| Living area | 17,706 sqft |
| Lot size | 6,995 sqft |
| Year built | 1900 |
| Price / sqft | $169 |
| County | Essex |
| MLS # | 73454121 |
Listing status
| Days on market | 200 days |
| Listed on | November 12, 2025 |
Taxes & financials
| Annual property tax | $26,240 |
| Tax year | 2025 |
| Assessed value | $2,342,400 |
| Zoning | B2 |
| Gross income (actual) | $493,500/yr |
| Net operating income (actual) | $297,733/yr |
| Total actual rent | $2,000/mo |
| Electric expense | $0/yr |
| Insurance expense | $27,277/yr |
Building & lot
| Stories | 3 |
| Total rooms | 45 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full |
| Foundation | Brick/Mortar |
| Roof | Rubber |
| Construction | Brick |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of New England Realty Advisors LLC — Bradford Carlson. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 82 S Broadway, Lawrence MA 01843 have?
It is a 41-unit multi-family property with 17,706 sqft of living area, built in 1900.
How long has 82 S Broadway, Lawrence MA 01843 been on the market?
82 S Broadway, Lawrence MA 01843 has been listed for 200 days (since November 12, 2025).
What is the estimated cap rate on this 41-family in Lawrence?
Based on area median rents, the estimated cap rate is about 19.8%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,995,000 across 41 units, that works out to roughly $73,049 per unit.
What are the property taxes on 82 S Broadway, Lawrence MA 01843?
Annual property taxes are $26,240 (2025), on an assessed value of $2,342,400.
What is the price per square foot?
At $2,995,000 for 17,706 sqft, that's about $169 per square foot.
Where is this property located?
82 S Broadway, Lawrence MA 01843 is in Lawrence, Essex County, MA 01843.
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