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Lantern Residential

info@lanternresidential.com +1(617) 207-1974

$ 1,050,000

Est. payment -/mo

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Pending

49 Lawrence Street Salem, MA 01970

9 Beds

3 Baths

3,159 SqFt

UPDATED:

10/23/2024 07:30 AM

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,159 sqft

Price per Sqft $332

MLS Listing ID 73298609

Bedrooms 9

Full Baths 3

Year Built 1900

Annual Tax Amount $7,734

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Description

**Attention Investors and Homeowners!** Whether you're seeking an outstanding long-term investment, a 1031 exchange before year-end, or looking to offset your mortgage with rental income, this property offers the perfect opportunity. Rent out all three units and generate over $100k in gross annual income, flip for condos, or live in the beautifully updated first-floor unit. Located just a few blocks from the proposed new commuter rail station. Exceptionally updated three-family home features 3 bedrooms and 1 bathroom in each unit. The units have porches to enjoy summer evenings. Full basement for storage and it walks out to nice size yard. Off street parking for 4-5 cars. Two units are already fully rented to excellent tenants, while the first-floor unit is available for you to rent or occupy as you see fit. Rare to find an all 3 bedroom unit multifamily. Don’t miss this incredible chance!

Location

State MA

County Essex

Zoning R2

Direction Jefferson to Lawrence Street

Rooms

Basement Full, Walk-Out Access, Interior Entry, Unfinished

Interior

Interior Features Living Room, Kitchen, Laundry Room

Heating Forced Air, Natural Gas

Cooling None

Flooring Wood, Tile, Hardwood

Appliance Range, Dishwasher, Microwave, Refrigerator, Freezer

Exterior

Community Features Public Transportation, Shopping, Medical Facility, House of Worship, Public School, T-Station

Utilities Available for Gas Range

Waterfront false

Roof Type Shingle

Parking Type Paved Drive, Off Street

Total Parking Spaces 5

Garage No

Building

Story 6

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Lantern Residential

Brokerage | License ID: 423866

+1(617) 207-1974

Lantern Residential

49 Lawrence Street Salem, MA 01970

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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49 Lawrence Street