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172-174 Park St, Lawrence MA 01841

$1,235,000

Estimated $2,620/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $308,750

Total Rent: 100800/year

Estimated CAP Rate:

12 Bedrooms

Baths

4678

Total Parking: 12 (1 Garage)

7,000 (0.16)

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!

This home has been viewed 73 times

Last Checked: November 11th, 2026 at 9:38am (Source: MLS PIN #73555467)

Gross Income: $100,800

Gross Expenses: $13,694

Net Income Calc: $87,106

Annual Expenses for 172-174 Park St, Lawrence MA 01841

Total Gross Expenses (Calculated)$13,694/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7404

Annual Income & Unit Breakdown for 172-174 Park St, Lawrence MA 01841

Total Gross Income (Calculated)$100,800

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 172-174 Park St, Lawrence MA 01841

Listing ID73555467

Property TypeMulti Family / 4 Family

Price1235000 ($264/SqFt)

Style4 Family

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total4678

Approximate Lot Size (Acres)0.16

Total Parking12 (1 Garage)

Garage Parking1

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningB1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 172-174 Park St, Lawrence MA 01841

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsDeep Freezer

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 172-174 Park St, Lawrence MA 01841

Real Estate Taxes7404

Tax Year2026

Assessed Value$857,000

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 172-174 Park St, Lawrence MA 01841

Elementary SchoolJohn K. Tarbox School

Middle SchoolArlington Middle School

High SchoolLawrence High School

Neighborhood(s)

Area Amenities

Contact Information for 172-174 Park St, Lawrence MA 01841

Agent

Name: Kim Mulligan

Office

Name: Realty Direct Somerville

Phone: 508-493-1090

Team Members

Payment Calculator

, Interest

Property Taxes 617

Principal & Interest 7609.68

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Realty Direct Somerville

Kim Mulligan

Agent Phone

Office Phone

(508) 493-1090

Text Agent Call Agent Call Office

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EXIT

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Active

172-174 Park St, Lawrence MA 01841

$1,235,000

Annual Expenses for 172-174 Park St, Lawrence MA 01841

Annual Income & Unit Breakdown for 172-174 Park St, Lawrence MA 01841

General Information for 172-174 Park St, Lawrence MA 01841

Disclosures for 172-174 Park St, Lawrence MA 01841

Financial Information for 172-174 Park St, Lawrence MA 01841

Location Information for 172-174 Park St, Lawrence MA 01841

Contact Information for 172-174 Park St, Lawrence MA 01841

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Realty Direct Somerville

Kim Mulligan