82 S Broadway, Lawrence, MA, 01843
About This Home
This 41-unit mixed-use building consists of (3) commercial units totaling 5900 SF and (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, grocery stores, and parks. The cap rate upon acquisition is 9.30%. Seller will consider other property in trade to help accommodate a 1031 exchange.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Brick/Mortar
- Roof: Rubber
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: 5+ Family - Rooming House
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 38
- Bathrooms: 7
- Full bathrooms: 7
Features
- Finished area above ground: 17,706
Interior Area
- Total structure area: 17,706
- Total interior livable area: 17,706 sqft
Property
Details
- Parcel number: 4205642
- Zoning: B2
Lot
- Lot size: 6,995 sqft
- Features: Level
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Ice Storm
- Cold Wave
- Earthquake
- Hurricane
- Heat Wave
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,144 | $181,728 |
| Home Insurance * | $1,046 | $12,552 |
| Property Taxes | $2,545 | $30,540 |
| Electricity | $3,491 | $41,898 |
| Total | $22,226 | $266,712 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-13 | Price change | $3,150,000 |
| 2025-11-12 | Listed for sale | $3,200,000 |
| 2025-11-02 | Listing removed | $3,200,000 |
| 2025-08-21 | Listed for sale | $3,200,000 |
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