Mixed-Use Building with SRO
82 S Broadway, Lawrence, MA 01843
For Sale
$2,995,000
41-unit mixed-use building with commercial and SRO units.
Property Size17,706 SF
Lot Size0.16 Acres
Price / SF$122.23
Days on Market249
Property Features for 82 S Broadway
General Information
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Taxes and HOA fees
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Building Details
Building Size
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Listed By:
Bradford Carlson
(781) 334-8044
Source:
Elliman
Added: Mar 10
Changed: Aug 22
Last Checked: Aug 14 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradford Carlson
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Investment Insights
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This mixed-use building features 41 units, including 3 commercial units and 38 single-room occupancy (SRO) units. Situated on 0.16 acres, the property encompasses 17,706 square feet of living area within a gross area of 24,502 square feet. The building has been well-maintained and features 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. Located on the south side of Lawrence, the property offers convenient access to Boston via Interstates 93 and 495, MA Route 28, and the Lawrence Train Station (0.6 miles) on the MBTA’s Haverhill Line. The location is walkable to local retail establishments, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%. The seller will consider other property in trade to help accommodate a 1031 exchange.
Key Highlights
- High 9.30% Cap Rate upon acquisition.
- New roof, new heating system, and state‑of‑the‑art security system.
- Well‑maintained building with upgrades completed in the past 3 years.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
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Business Placement
Demographics for 01843, MA
28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value
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Average Price Trend$/SF for Mixed-use properties in Essex County, MA
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 41-unit mixed-use building with commercial and SRO units.
Where is this mixed-use property located?
The property is located at 82 S Broadway Lawrence, MA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: High 9.30% Cap Rate upon acquisition.; New roof, new heating system, and state‑of‑the‑art security system.; Well‑maintained building with upgrades completed in the past 3 years.
