Property profile

244-248 Broadway Lawrence, MA 01840

OFF-MARKET
Residential income homes
Property ID
US38-0719299
15,690 SF 0.14 ac lot Built 1924
Entity Owned 22-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,690 SF
Lot 0.14 ac (6,000 SF)
APN LAWR M:0167 B:0000 L:0042
UPID US38-0719299

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

244-248 Broadway Lawrence, MA 01840
Lawrence metro Census 251300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.56M
Blend (final) Blend
$1.91M

Owner & transaction history

since 2004
7 recorded transactions
2012
Price N/A
2004
$1.2M
1998
Price N/A
1998
$469,000
1995
Price N/A
1994
Price N/A
1993
$186,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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