$1,235,000
12 bd · 4 ba · 4,678 sqft · 7,000 sqft lot
172-174 Park St, Lawrence, MA 01841
Multi-family · Built 1910 · $264/sqft ·
$6,894/mo est. payment
- Garage
- 1 car
- Stories
- 4
Flood factor 1/10
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!
Facts and features
Bedrooms
- Bedrooms: 12
Other Rooms
- Total Rooms: 22
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Laundry room
- Ceiling fan(s)
- Kitchen
- Living rm/dining rm combo
- Living room
- Dining room
Heating and Cooling
- Heating Features: Steam, Natural Gas
- Heating: Yes
Exterior and Lot Features
- Sprinkler system
- Fruit trees
- Garden
- Fencing: Fenced/Enclosed, Fenced
- Other Structures: Shed(s)
- Patio And Porch Features: Porch
- Porch: Yes
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Open Parking: Yes
- Parking Features: Paved Drive, Off Street, Paved
- Parking Total: 11
Land Info
- Lot Description: Level
- Lot Size Acres: 0.1606979
- Lot Size Square Feet: 7000
Schools
- 5
John K Tarbox School
elementary · 1-5 · 0.1 mi
Central Catholic High School
high · 9-12 · 0.3 mi
- 5
Arlington Middle School
elementary · 5-8 · 0.3 mi
- 1
School For Exceptional Studies
elementary · 1-12 · 0.4 mi
James F Hennessey School
elementary · K-2 · 1.4 mi
Lawlor Early Childhood Center
elementary · K · 0.1 mi
Price history
- Nov 1, 2026 · Price Changed$1,235,000
- Sep 20, 2026 · Price Changed$1,249,000
- Jul 28, 2026 · Listed$1,300,000
Where it is
Listed by Kim Mulligan · Realty Direct Somerville · MLSPIN
