82 S Broadway, Lawrence, MA, 01843 | ROI: 3.28%

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82 S Broadway, Lawrence, MA, 01843 | ROI: 3.28% | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Lawrence at 82 S Broadway, Lawrence, MA, 01843 projects strong ROI of 3.28%. Rental yield 2.02%. With 5% annual appreciation, the property builds $884,101 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.7%, translating into $142,086 in total cumulative return on $1,036,800 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Multi Family

Built in 1900

6,995 sqft lot

$N/A/sqft

No HOA

More details about the property

This 41-unit mixed-use building consists of (3) commercial units and (38) SRO (single room occupancy) units. 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 MBTAs Haverhill Line (0.6 miles). The property is walkable to local retail establishments, eateries, 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.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01843, Lawrence, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,239 (100%)
Owner Occupied HU	3,799 (37.1%)
Renter Occupied HU	6,113 (59.7%)
Vacant Housing Units	327 ( 3.2%)
Median Home Value	$454,892
Average Home Value	$532,618