49 Lawrence Street, Salem MA 01970
About this home
**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!
Sale Statistics
This property sold for 6.2% above the original asking price, indicating strong buyer demand.
With only 17 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
49 Lawrence Street, Salem MA 01970
Salem, MA 01970
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Nov 5, 2024Listed for Sale
Oct 4, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/05/2024 | ✓ Sold | $1,115,000 | - | - | Property sold |
| 10/04/2024 | 🏠 Listed for Sale | $1,050,000 | - | - | Original listing |