82 South Broadway Lawrence, MA 01843

The South Broadway Rooms, located at 82 S Broadway in Lawrence, MA, is a mixed-use multifamily property available for purchase. The property includes 3 commercial units and 38 SRO (single room occupancy) units. Situated on 0.16 acres, the building has 17,706 square feet of living area within a 24,502 square foot gross area. The property has been well-maintained, with a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed within the past 3 years. The property is located on the south side of Lawrence, providing access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line, located 0.6 miles away. Local retail establishments, eateries, grocery stores, and parks are within walking distance. Lawrence, Massachusetts, is known for its industrial heritage and multicultural environment. The city's former mill buildings have been converted into residential lofts, commercial spaces, and educational centers. The area is a dense, walkable urban environment. This property presents a value-add opportunity in a high-demand and supply-constrained market with below-market rents.