172-174 Park St, Lawrence MA 01841
Lawrence, MA 01841
$1,300,000
$1,235,000
Est. $7,062/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
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!
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Recently Sold Nearby
Price & Status History
Market Insights
2
Price Changes
5%
Price Range
Property Timeline
Price Reduced
Nov 1, 2026
$1,235,000
$14,000
(-1.12%)
From $1,249,000 to $1,235,000 (-1.1%)
Showing Instructions Updated
Oct 31, 2026
New showing requirements
Price Reduced
Sep 20, 2026
$1,249,000
$51,000
(-3.92%)
From $1,300,000 to $1,249,000 (-3.9%)
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 |
|---|---|---|---|---|---|
| 11/01/2026 | ↓ Price Reduced | $1,235,000 | $14,000 | - | From $1,249,000 to $1,235,000 (-1.1%) |
| 10/31/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 09/20/2026 | ↓ Price Reduced | $1,249,000 | $51,000 | - | From $1,300,000 to $1,249,000 (-3.9%) |
| 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
4,678 sq ft
Lot Size
0.16 acres
Stories
4
Bedrooms
12
Full Baths
4
Total Rooms
22
Investment Metrics
Units
4
Unit 1 Rent
$2,200/mo · N
Unit 2 Rent
$2,150/mo · N
Unit 3 Rent
$1,950/mo · N
Unit 4 Rent
$2,100/mo · N
Total Monthly Rent
$8,400/mo
Gross Income
$100,800
Net Operating Income
$87,696
Operating Expenses
$13,104
Water/Sewer Expense
$2,290
Insurance Expense
$4,000
Cap Rate
7.10%
Interior
Heating
Steam, Natural Gas
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
Laundry Room, Ceiling Fan(s), Kitchen, Living Rm/dining Rm Combo
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
Lead Paint
Certified Treated
Seller Disclosures
Buyers And Buyers Agents To Verify All Information.
Exclusions
Sale Excludes All Tenants Personal Belongings. 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)
101 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
12
Full Bathrooms
4
Living Area
4,678 sq ft
Total Rooms
22
Stories
4
Levels
4
Floor Layout
Interior Features
Flooring:
Appliances:
Interior Features:
Laundry Room, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Concrete Perimeter, Stone
Stories:
4
Utilities & Systems
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 District
Lawrence School District local
D
Where Graduates Go
Class of 2021
36%
attend college
14%
4-Year
23%
2-Year
3%
Out of State
2%
Working
School Safety
2024-25
2.2%
Average
2.2%
Suspensions
1.1%
In-School
3.3% below state avg
Elementary Schools
10 schools
F
School for Exceptional Studies
0.4 mi
|
#344 of 346
|
Score: 16.3
Improved 39 spots from last year
-41.9 below state avg
114 students
Less Diverse
Rising School
Grades PK-12
C
Lawrence Family Development Charter School
0.6 mi
|
#255 of 352
|
Score: 35.9
Dropped 54 spots from last year
-22.3 below state avg
920 students
Less Diverse
Strong Attendance
Grades PK-08
B+
Community Day Charter Public School
1.0 mi
|
#126 of 352
|
Score: 47.1
Dropped 13 spots from last year
-11.2 below state avg
1,198 students
Less Diverse
Strong Attendance
Grades PK-08
CLASS, Inc.
1.2 mi
Grades K-12
Lawrence Catholic Academy
1.3 mi
Grades PK-08
C+
Emily G Wetherbee School
1.5 mi
|
#236 of 352
|
Score: 37.4
Improved 65 spots from last year
-20.8 below state avg
468 students
Less Diverse
Rising School
Strong Attendance
Grades K-08
C-
John K Tarbox School
0.2 mi
|
#712 of 825
|
Score: 34.8
Dropped 53 spots from last year
-23.4 below state avg
218 students
Less Diverse
Grades 01-04
F
Francis M. Leahy School
0.3 mi
|
#812 of 825
|
Score: 25.6
Improved 21 spots from last year
-32.6 below state avg
461 students
Less Diverse
Rising School
Grades PK-04
D
Arlington Elementary School
0.4 mi
|
#750 of 825
|
Score: 32.5
Improved 57 spots from last year
-25.7 below state avg
513 students
Less Diverse
Rising School
Grades K-04
Lawrence Early Childhood Center
0.4 mi
217 students
Less Diverse
Grades PK-K
Middle Schools
9 schools
C-
Arlington Middle School
0.4 mi
|
#313 of 352
|
Score: 30.5
Improved 36 spots from last year
-27.7 below state avg
509 students
Less Diverse
Rising School
Grades 05-08
F
Oliver Middle School
0.5 mi
|
#346 of 352
|
Score: 24.3
Dropped 28 spots from last year
-33.9 below state avg
466 students
Less Diverse
Grades 05-08
Blessed Stephen Bellesini O.S.A. Academy
0.5 mi
Grades 05-08
Esperanza Academy
0.7 mi
Grades 05-06
D
Alexander B Bruce School
1.1 mi
|
#330 of 352
|
Score: 28.1
Dropped 6 spots from last year
-30.1 below state avg
431 students
Less Diverse
Grades 03-08
C-
Guilmette Middle School
1.2 mi
|
#299 of 352
|
Score: 31.8
Dropped 17 spots from last year
-26.5 below state avg
451 students
Less Diverse
Grades 05-08
C-
Parthum Middle School
1.3 mi
|
#290 of 352
|
Score: 32.4
Dropped 12 spots from last year
-25.8 below state avg
572 students
Less Diverse
Grades 05-08
B+
Spark Academy
1.8 mi
|
#6 of 16
|
Score: 36.3
Improved 270 spots from last year
-21.9 below state avg
570 students
Less Diverse
Rising School
Grades 05-08
C-
Frost Middle School
2.2 mi
|
#304 of 352
|
Score: 31.3
Improved 21 spots from last year
-26.9 below state avg
474 students
Less Diverse
Rising School
Grades 05-08
High Schools
5 schools
B-
RISE Academy
0.9 mi
|
#223 of 346
|
Score: 66.7
Same rank as last year
105 students
Less Diverse
College Ready Curriculum
Grades 06-12
Central Catholic High School
0.3 mi
21 sports
• 2,718 athletes
Strong Athletics
Grades 09-12
B
Phoenix Academy Public Charter High School, Lawrence
0.9 mi
|
#182 of 346
|
Score: 69.9
Same rank as last year
133 students
Moderate
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
High School Learning Center
1.2 mi
|
#172 of 346
|
Score: 71.1
Same rank as last year
158 students
Less Diverse
Career Tech Programs
College Ready Curriculum
Grades 09-12
C
Lawrence High School
2.0 mi
|
#270 of 346
|
Score: 45.3
Improved 37 spots from last year
-12.9 below state avg
3,280 students
Less Diverse
13 sports
• 1,440 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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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
Nov 5, 2026 3:05 AM EST
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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