

South Broadway Mixed Use
Mixed Use | 41 Units | 5900 SF Commercial RSF (3) Units | (38) Unit Rooming House 2nd & 3rd Floors
Marketing description
New England Realty Advisors LLC is pleased to present the exclusive opportunity to purchase the South Broadway Rooms, a mixed-use multifamily property located at 82 S Broadway in Lawrence, MA. This 41-unit mixed-use building consists of (3) commercial units totaling 5,900 SF and (38) SRO (single room occupancy) units across 11,800. 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, eateries, grocery stores, and parks.
Investment highlights
Value-add opportunity
Below market rents
High demand & supply-constrained market
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