**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!
Sold for $1,115,000
$1,115,000
49 Lawrence St, Salem, MA 01970
9beds
3,159sqft
3 Family
Built in 1900
-- sqft lot
$1,157,200 Zestimate®
$353/sqft
$2,625 Estimated rent
Home value
$1,157,200
$1.06M - $1.27M
$2,625/mo
Zestimate® history
Owner options
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$2,625/mo
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$2,625/mo
Rent Zestimate®
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$6,869/mo
Est. payment
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$6,869/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Helen Bolino 617-797-2222,
Berkshire Hathaway HomeServices Commonwealth Real Estate 781-246-2100
Bought with:
Pax Estate Group
eXp Realty
Source: MLS PIN,MLS#: 73298609
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator, Freezer
Features
- Living Room, Kitchen, Laundry Room
- Flooring: Wood, Tile, Hardwood
- Basement: Full,Walk-Out Access,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,159
- Total interior livable area: 3,159 sqft
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 5
Features
- Patio & porch: Porch
Lot
- Size: 6,865 sqft
Details
- Parcel number: 2130904
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Medical Facility, House of Worship, Public School, T-Station
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 8375
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2024 | Sold | $1,115,000+6.2%$353/sqft |
Source: MLS PIN #73298609 Report a problem | ||
| 10/10/2024 | Contingent | $1,050,000$332/sqft |
Source: MLS PIN #73298609 Report a problem | ||
| 10/4/2024 | Listed for sale | $1,050,000+133.9%$332/sqft |
Source: MLS PIN #73298609 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/8/2018 | Listing removed | $1,650$1/sqft |
Source: Owner Report a problem | ||
| 7/31/2018 | Listed for rent | $1,650+6.5%$1/sqft |
Source: Owner Report a problem | ||
| 8/4/2017 | Listing removed | $1,550 |
Source: Owner Report a problem | ||
| 7/30/2017 | Price change | $1,550-8.8% |
Source: Owner Report a problem | ||
| 7/10/2017 | Listed for rent | $1,700$1/sqft |
Source: Owner Report a problem | ||
| 5/5/2005 | Sold | $449,000$142/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,346 +7.9% | $736,000 +10.6% |
| 2024 | $7,734 +2% | $665,600 +9.9% |
| 2023 | $7,579 | $605,800 |
| 2022 | $7,579 +4.4% | $605,800 +15.1% |
| 2021 | $7,263 +5% | $526,300 +10% |
| 2020 | $6,916 +3.6% | $478,600 +8.2% |
| 2019 | $6,677 +7.4% | $442,200 +9.4% |
| 2018 | $6,215 +7% | $404,100 +10.3% |
| 2017 | $5,808 +2.8% | $366,200 +1.6% |
| 2016 | $5,651 +2.6% | $360,600 +7.4% |
| 2015 | $5,510 +13.7% | $335,800 +15.9% |
| 2014 | $4,848 +6.5% | $289,800 -0.5% |
| 2012 | $4,551 -0.4% | $291,200 -4.1% |
| 2011 | $4,568 +0.7% | $303,500 -6.3% |
| 2010 | $4,536 -1.8% | $323,800 -9.5% |
| 2009 | $4,620 +2.6% | $357,600 -7.3% |
| 2008 | $4,501 +2.3% | $385,700 -5.6% |
| 2007 | $4,401 +5.5% | $408,600 +9.8% |
| 2006 | $4,173 +4% | $372,300 +5.6% |
| 2005 | $4,014 +4.7% | $352,700 +7.7% |
| 2004 | $3,835 +17.4% | $327,500 +29% |
| 2003 | $3,266 +11.9% | $253,800 +17.7% |
| 2002 | $2,918 +48.4% | $215,700 +66.4% |
| 1999 | $1,966 +18.6% | $129,600 -1.1% |
| 1994 | $1,657 | $131,000 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 3/10Horace Mann Laboratory SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Salem High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,157,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,157,200
- Massachusetts
- Essex County
- Salem
- 01970
- 49 Lawrence St
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