1 / 23
SIGNAL SCORE
About this property
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.
Property details
| Units | 38 |
| Living area | 11,800 sqft |
| Lot size | 6,995 sqft |
| Year built | 1900 |
| Price / sqft | $203 |
| County | Essex |
| MLS # | 73516971 |
Listing status
| Days on market | 4 days |
| Listed on | May 12, 2026 |
Taxes & financials
| Annual property tax | $17,500 |
| Tax year | 2025 |
| Assessed value | $2,342,400 |
| Zoning | B2 |
| Gross income (actual) | $434,100/yr |
| Net operating income (actual) | $240,276/yr |
| Total actual rent | $2,000/mo |
Building & lot
| Stories | 2 |
| Total rooms | 45 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Basement | Full |
| Foundation | Stone, Brick/Mortar |
| Roof | Rubber |
| Construction | Brick |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
Listing courtesy of New England Realty Advisors LLC — Bradford Carlson. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 86 S Broadway, Lawrence MA 01843 have?
It is a 38-unit multi-family property with 11,800 sqft of living area, built in 1900.
How long has 86 S Broadway, Lawrence MA 01843 been on the market?
86 S Broadway, Lawrence MA 01843 has been listed for 4 days (since May 12, 2026).
What are the property taxes on 86 S Broadway, Lawrence MA 01843?
Annual property taxes are $17,500 (2025), on an assessed value of $2,342,400.
What is the price per square foot?
At $2,395,000 for 11,800 sqft, that's about $203 per square foot.
Where is this property located?
86 S Broadway, Lawrence MA 01843 is in Lawrence, Essex County, MA 01843.
