172-174 Park St, Lawrence, MA 01841
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$1,300,000
4 Unit
12 Beds
4 Baths
5023 SQFT
0.16 Acre

Property Description

Owner-occupants and investors take notice! This well-maintained legal 4-family offers four spacious 5-6 room, 3-bedroom apartments, with the owner’s unit to be delivered vacant at closing—a rare opportunity to move right in or lease at market rent. Extensively updated through 2010, the property features a full building sprinkler system, separately metered gas and electric utilities, replacement windows, and low-maintenance vinyl siding. Additional amenities include coin-operated laundry, dedicated tenant storage, a one-car garage with 8+ more off-street parking spots, storage shed, fenced yard with fruit trees & garden area. Strong in-place rental income with all three tenanted units being TAW. Plenty of flexibility for future occupancy or rental adjustments. This is an excellent opportunity for both owner-occupants and investors seeking a well-maintained income property.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 12
  • Total Full Baths: 4
  • Common Appliances: Microwave, Range, Refrigerator
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Projected
  • Gross Operating Income: 105600
  • Gross Expenses: 6000
  • Water/Sewer: 2800
  • INSC: 3200
  • Net Operating Income: 105600

Utilities

  • Heat Zones: 4
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 4 Family
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73555467
  • Last Updated: 08/06/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/31/2026Active$1,300,000$259MLSPIN
07/27/2026New$1,300,000$259MLSPIN

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Seller's Representative: Kim Mulligan, Realty Direct Somerville
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-06 12:22:00