Salem, MA 01970,49 Lawrence Street
Salem, MA 01970,49 Lawrence Street
Salem, MA 01970,49 Lawrence Street
$1,115,000
Est. payment /mo
$1,050,000
6.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

9 Beds
3 Baths
3,159 SqFt
SOLD DATE : 11/05/2024

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Bought with Pax Estate Group • eXp Realty

GET MORE INFORMATION

John Woodman

+1(978) 457-9179

Real Estate Agent

Real Estate Agent

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.