For Sale
172-174 Park St, Lawrence, MA
Lawrence · MA 01841
- $1,235,000
- Price
- 12
- Beds
- 4
- Baths
- 4678
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1910
Units:
4 Units
Lot size:
7,000 Sq.Ft Lot
Price per square foot:
$264 / Sq.Ft
Parking:
1 Garage Space · 10 Off Street Spaces
About this home
Fully occupied legal 4-family offering immediate rental income. This well-maintained Lawrence multifamily currently generates $8,400 monthly in gross rental income, plus additional income from coin-operated laundry. Each of the four spacious apartments features 3 bedrooms, offering a total of 12 bedrooms and 4 full baths. Building improvements include a certified fire sprinkler system, replacement windows, vinyl siding, individual gas heating systems, and separately metered gas and electric. Common basement amenities include coin-operated laundry, mechanical space, and tenant storage. Outside, enjoy a fenced yard with garden area and fruit trees, storage shed, one-car garage, and generous off-street parking for 8+ vehicles. All four units are occupied by tenants-at-will, providing established rental income with potential for rental increases. Conveniently located near shopping, transportation, and major commuter routes.An excellent opportunity to acquire an established and clean income-producing property with strong existing revenue and additional upside!
Neighborhood & Transit
172-174 Park St, Lawrence · MA 01841
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 100 days
- Listing Price:
- $1,235,000
- Price per Sq.Ft:
- $264
- Tax Assessment:
- $857,000 in 2026
- Taxes:
- $617 / Monthly
Home Facts
Interior Features
- Bedrooms
- 12
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 4,678 Sq.Ft
- Broker Disclosure about Living Area
- All measurements are approximate. Buyer's and Buyer's agents to verify all information.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4678
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 7,000 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 1 Parking Space
- Off Street Parking
- 10 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Kim Mulligan
- Listing office
- Realty Direct Somerville
- MLS PIN #
- 73555467
- Disclosure
- Buyer's and Buyer's agents to verify all information. Some photos are virtually staged.
- Disclosure
- All measurements are approximate. Buyer's and Buyer's agents to verify all information.