172-174 Park St, Lawrence MA 01841
Lawrence, MA 01841
$1,300,000
Est. $7,391/month
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Showing Instructions Updated
Jul 29, 2026
New showing requirements
Showing Instructions Updated
Jul 28, 2026
New showing requirements
Showing Instructions Updated
Jul 28, 2026
New showing requirements
Listed for Sale
Jul 27, 2026
$1,300,000
Original listing
Agent: Kim Mulligan
Office: Realty Direct Somerville
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/29/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/28/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/28/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/27/2026 | 🏠 Listed for Sale | $1,300,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,404 | $857,000 |
Financial Details
Annual Property Tax
$7,404
Tax Year 2026
Assessed Value
$857,000
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1910
Living Area
5,023 sq ft
Lot Size
0.16 acres
Bedrooms
12
Full Baths
4
Total Rooms
22
Investment Metrics
Units
4
Unit 1 Rent
$2,200/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
$1,950/mo · N
Unit 4 Rent
$2,100/mo · N
Total Monthly Rent
$6,250/mo
Gross Income
$105,600
Net Operating Income
$105,600
Operating Expenses
$6,000
Water/Sewer Expense
$2,800
Insurance Expense
$3,200
Cap Rate
8.12%
Interior
Heating
Steam, Natural Gas
Cooling
None
Flooring
None
Appliances
Range, Microwave, Refrigerator
Fireplace
None
Basement
None
Laundry
None
Features
Laundry Room
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
Sprinkler System, Fruit Trees, Garden
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Porch
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Off Street, Paved
Total Spaces
11
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,404
Assessed Value
$857,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Buyers And Buyers Agents To Verify All Information.
Exclusions
Coin Op Washer And Dryer In Basement To Remain.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Sq Ft Disclosures
All measurements are approximate. Buyers and Buyers agents to verify all information.
Documents
None
County
Essex
Total market time (incl. prior listings)
10 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
12
Full Bathrooms
4
Living Area
5,023 sq ft
Total Rooms
22
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,023 sq ft above grade
450 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Microwave, Refrigerator
Interior Features:
Laundry Room
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Concrete Perimeter, Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Steam, Natural Gas
Heating Zones:
4
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Sprinkler System, Fruit Trees, Garden
Patio & Porch:
Porch
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Shed(s)
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
11
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$617
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
172-174 Park St, Lawrence MA 01841
Lawrence, MA 01841
Listing Information
Listing Agent
Kim Mulligan
Listing Office
Realty Direct Somerville
Office Phone
508-493-1090
Agent MLS ID
BB985699
Office MLS ID
AN0535
Listing Data Updated
Aug 6, 2026 12:22 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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