Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

86 S Broadway

Lawrence, MA ID #73516971

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86 S Broadway

- Lawrence, MA ID #73516971

Property Description

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.

Additional Details

  • Status: NEW
  • Type: Multi-Family, Multi Family
  • Zip Code: 01843
  • Taxes: 17,500
  • Levels: 2
  • Acres: 0.16

Parking

  • Parking: On Street

Rooms/Dimensions

  • Total Units: 38
  • Total Floors: 2
  • Total Rooms: 45
  • Has Basement: Yes

Location

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86 S Broadway, Lawrence, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Bradford Carlson of New England Realty Advisors LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.