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49 Lawrence Street Salem, MA 01970
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Key Details
Sold Price $1,115,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,159 sqft
Price per Sqft $352
MLS Listing ID 73298609
Sold Date 11/05/24
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
Roof Type Shingle
Total Parking Spaces 5
Garage No
Building
Story 6
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Pax Estate Group • eXp Realty