Mixed-Use Apartment
82 S Broadway Lawrence, MA 01843
82 S Broadway, Lawrence, MA, 01843
$3,150,000
For Sale
$3,150,000
41-unit mixed-use building with three commercial units and SRO living space, plus recent roof, heating, and security upgrades.
Property Size17,706 SF
Lot Size0.16 Acres
Price / SF$177.91
Days on Market282
Property Features for 82 S Broadway
General Information
- Standard status
- Active
- Size
- 17,706 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
New England Realty Advisors LLC
Listed by
Bradford Carlson
(617) 661-6600
Source
Cambridgerealty
Added: Oct 14, 2025 Updated: Jul 21 at 6:38PM Checked: Jul 21 at 6:38PM
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 New England Realty Advisors LLC
Investment Insights
Based on property information with market context.
This 41-unit mixed-use building includes three commercial units and 38 SRO (single room occupancy) units. The property is described as well-maintained and has undergone major upgrades within the past three years, including a new roof, a new heating system, and a state-of-the-art security system.
The asset is positioned on the south side of Lawrence with direct access to Boston via Interstates 93 and 495, MA Route 28, and the Lawrence Train Station. The station is approximately 0.6 miles away on the MBTA’s Haverhill Line, and the property is walkable to local retail establishments, eateries, grocery stores, and parks.
As offered for sale, the cap rate upon acquisition is stated as 9.30%. The seller will consider other property in trade to help accommodate a 1031 exchange.
The asset is positioned on the south side of Lawrence with direct access to Boston via Interstates 93 and 495, MA Route 28, and the Lawrence Train Station. The station is approximately 0.6 miles away on the MBTA’s Haverhill Line, and the property is walkable to local retail establishments, eateries, grocery stores, and parks.
As offered for sale, the cap rate upon acquisition is stated as 9.30%. The seller will consider other property in trade to help accommodate a 1031 exchange.
Key Highlights
- 41‑unit mixed‑use building (3 commercial units and 38 SRO single room occupancy units)
- 0.16 acres with 24,502 gross SF and 17,706 SF of living area
- Year built: 1900
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $509.9k | $28.80 |
| − Vacancy | −$20.4k | −$1.15 |
| EGI | $489.5k | $27.65 |
| − OpEx | −$220.3k | −$12.44 |
| NOI | $269.2k | $15.21 |
17,706 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$4.16M
$3.64M – $4.85M
NOI $290,917 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$3.85M
$3.37M – $4.49M
NOI $269,245 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$10.48M
$9.17M – $12.23M
NOI $733,732 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Committee To Elect David ...
Advocacy Group
Rinconcito ecuatorian market
Grocery & Convenience Store
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FAQs
What type of property is this?
Apartment building - 41-unit mixed-use building with three commercial units and SRO living space, plus recent roof, heating, and security upgrades.
Where is this apartment building located?
The property is located at 82 S Broadway Lawrence, MA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 41‑unit mixed‑use building (3 commercial units and 38 SRO single room occupancy units); 0.16 acres with 24,502 gross SF and 17,706 SF of living area; Year built: 1900
