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Lawrence 01843 South West
301 Salem St
Photo of 301 Salem St
Sold on Aug 4, 2026

2

Map

Photo of 301 Salem St
$250,000
● House - Off Market

301 Salem St

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,436 Ft²
$1,497
Est. Monthly

About This Property

Attention investors, flippers, and buy-and-hold buyers! This 2 bedroom, 2 bathroom single-family home offers 1,436 square feet of living space and presents an excellent opportunity to add value in the growing Lawrence market. With a functional layout and solid square footage, this property has strong potential for a renovation that can maximize resale value or long-term rental returns. Whether you're searching for your next flip, BRRRR project, or investment property, this home offers the chance to build equity through thoughtful improvements in a market with continued buyer and tenant demand. Cash or hard money required. First showing is open house.
Unit Size
1,436 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$174
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 days ago (MLSPIN #73542567)

Price History

Date / Event Date Event Price
Aug 4, 2026 Sold
Premium
Sold
Jul 9, 2026 In contract -
In contract
Jun 26, 2026 Listed by Century 21 Limitless $250,000
Listed by Century 21 Limitless
Nov 30, 2001 Sold
Premium
Sold
Oct 12, 2001 Listed by Century 21 Limitless $139,900
Listed by Century 21 Limitless
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,800
  • Total Building Area: 1,436
  • Gross Building Area: 2,818
  • Building Area: 1,436
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,436
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000064
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251500

Geography

  • Account Number: 141 0000 0024 A
  • Parcel: LAWR M:0141 B:0000 L:0024
  • Lot: 24
  • Municipality: LAWRENCE
  • Latitude: 42.6966
  • Longitude: -71.1659

    Address

  • Full Address: 301 Salem St
  • Address - House Number: 301
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C032
  • 4-Digit Zip Code: 1233
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $281,800

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 440,869
  • High Value: 554,745
  • Low Value: 326,993

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $304,700
  • Assessed Land Value: $94,200
  • Assessed Improvements Value: $210,500

    Sales

  • Current Sale Recording Date: Nov 30, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 10, 1993
  • Previous Sale Amount: $42,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South West

Stats & Trends

Median Asking:

$569,450

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

65

Average Home Size

1887 ft²

Average Home Age

52.8 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 7 days ago
Data Source: MLS PIN, MLS# 73542567

Frequently Asked Questions

When was property at 301 Salem Street built and last sold?
The property at 301 Salem Street was built in 1880 and last sold on Jan 1, 1970 for $139,900.
How much is this home worth?
The estimated value of the home located at 301 Salem Street is $257,210.
What are some comparable homes to 301 Salem Street?
There are currently no comparable homes to 301 Salem Street.
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