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172-174 Park St, Lawrence MA 01841

$1,249,000

Estimated $2,642/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $312,250

Total Rent: 75000/year

Estimated CAP Rate:

12 Bedrooms

Baths

5023

Total Parking: 12 (1 Garage)

7,000 (0.16)

Owner-occupants and investors take notice! This well-maintained legal 4-family offers four spacious 5room/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 currently tenanted units being Tenants At Will. 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.

This home has been viewed 63 times

Last Checked: September 25th, 2026 at 6:18am (Source: MLS PIN #73555467)

Gross Income: $75,000

Gross Expenses: $13,404

Net Income Calc: $61,596

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

Total Gross Expenses (Calculated)$13,404/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)$75,000

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

Price1249000 ($248.66/SqFt)

Style4 Family

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total5023

Approximate Lot Size (Acres)0.16

Total Parking12 (1 Garage)

Garage Parking1

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

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

ExclusionsPersonal Items.

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 7695.94

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

14 More Photos

Active

172-174 Park St, Lawrence MA 01841

$1,249,000

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