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172-174 Park St, Lawrence, MA 01841

Lawrence
Local realty services provided by:CENTURY 21 McLennan & Company
172-174 Park St,Lawrence, MA 01841
$1,300,000
  • 12 Beds
  • 4 Baths
  • 5,023 sq. ft.
  • Multi-family
  • Active
Listed by: kim mulligan, kim mulligan
Office: realty direct somerville
MLS#:73555467
Source:MLSPIN

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$258.81

About this home

Whether you're looking to offset your monthly housing expenses with rental income or build long-term wealth through real estate investing, this professionally maintained legal four-family offers exceptional flexibility, immediate cash flow, and outstanding long-term potential. Offered at $1,300,000, the property features 12 bedrooms, 4 full baths, and sits on a generous 7,000 sq. ft. lot with abundant off-street parking, one-car garage, storage shed, and garden area. The owner's unit will be delivered vacant at closing, creating an ideal opportunity for an owner-occupant or allowing investors to immediately lease at current market rents. Three Tenant-at-Will units currently generate $6,250 per month and with market rents estimated at approximately $2,200 per unit the projected gross income is $105,600/yr. Building features include individually heated units with separately metered gas and electric, replacement windows, updated electrical service with house meter, a fully certified...

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Home facts

  • Year built:1910
  • Listing ID #:73555467
  • Updated:July 28, 2026 at 01:25 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:22
  • Kitchen Description:Microwave, Range, Refrigerator
  • Living area:5,023 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Steam

Structure and exterior

  • Roof:Rubber
  • Year built:1910
  • Building area:5,023 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Level
  • Exterior Features:Fruit Trees, Garden, Porch, Sprinkler System
  • Foundation Description:Concrete Perimeter, Stone

Schools

  • High school:Lawrence High School
  • Middle school:Arlington Middle School
  • Elementary school:John K. Tarbox School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$258.81
  • Tax amount:$7,404 (2026)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator

Parking

  • Total parking spaces:11
  • Parking description:Off Street, Paved, Paved Drive
  • Garage:Yes
  • Garage spaces:1
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. MLSPIN Member Broker: Janet McLennan

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