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Salem 01970 South Salem
79 Lawrence St
Photo of 79 Lawrence St
Sold on Sep 8, 2026

9

Map

Photo of 79 Lawrence St
Photo of 79 Lawrence St
$500,000
● House - Off Market

79 Lawrence St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
921 Ft²
$2,892
Est. Monthly

About This Property

Welcome to 79 Lawrence Street, a beautifully renovated 3-bedroom, 1.5-bath home offering modern updates while maintaining its classic charm. Recent improvements include a stunning new tiled full bathroom, updated half bath, and beautiful hardwood flooring throughout. The roof was replaced in 2019, and the heating system was updated in 2012, providing added peace of mind for years to come.Enjoy the outdoor deck, perfect for relaxing or entertaining, along with a manageable yard and off-street parking. Conveniently located near downtown Salem, shopping, restaurants, public transportation, and major commuter routes, this move-in-ready home is an excellent opportunity for first-time buyers or anyone looking for a turnkey property in a desirable neighborhood.
Unit Size
921 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$543
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 23 days ago (MLSPIN #73547777)

Price History

Date / Event Date Event Price
Sep 8, 2026 Sold
Premium
Sold
Jul 24, 2026 In contract -
In contract
Jul 10, 2026 Listed by Broad Sound Real Estate, LLC $499,995
Listed by Broad Sound Real Estate, LLC
Apr 14, 2026 Sold
Premium
Sold
Mar 11, 2026 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 526
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,648
  • Total Building Area: 921
  • Gross Building Area: 1,827
  • Building Area: 921
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 921
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000061
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204701

Zoning

  • Zoning: B

Geography

  • Parcel: SALE M:23 L:0125
  • Lot: 125
  • Municipality: SALEM
  • Latitude: 42.5048
  • Longitude: -70.9005

    Address

  • Full Address: 79 Lawrence St
  • Address - House Number: 79
  • Address - Street Name: Lawrence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 2916
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $468,900

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 485,338
  • High Value: 546,213
  • Low Value: 424,464

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $403,500
  • Assessed Land Value: $183,500
  • Assessed Improvements Value: $220,000

    Sales

  • Current Sale Recording Date: Jan 01, 1978
  • Current Sale Price:
    Premium
  • Current 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 Salem

Stats & Trends

Median Asking:

$620,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 23 days ago
Data Source: MLS PIN, MLS# 73547777

Frequently Asked Questions

When was property at 79 Lawrence Street built and last sold?
The property at 79 Lawrence Street was built in 1900 and last sold on Jan 1, 1970 for $31,000.
How much is this home worth?
The estimated value of the home located at 79 Lawrence Street is $497,759.
What are some comparable homes to 79 Lawrence Street?
There are currently no comparable homes to 79 Lawrence Street.
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