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For sale
    • Price cut: $14K (11/1)
    $1,235,000

    172-174 Park St, Lawrence, MA 01841

    12beds
    4,678sqft
    : 
    $7,726/mo
    Get pre-qualified
    4 Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $264/sqft
    $-- HOA

    What's special

    Certified fire sprinkler systemIndividual gas heating systemsReplacement windowsVinyl sidingCoin-operated laundryOne-car garageStorage shed
    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!
    101 days
    263
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Kim Mulligan 508-493-1090,

    Realty Direct Somerville 508-493-1090,

    Kim Mulligan 508-493-1090

    Source: MLS PIN,MLS#: 73555467

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Steam, Natural Gas
      Features
      • Laundry Room, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 4,678
      • Total interior livable area: 4,678 sqft
      • Finished area above ground: 4,678
      • Finished area below ground: 450

      Property

      Parking
      • Total spaces: 11
      • Parking features: Paved Drive, Off Street, Paved
      • Garage spaces: 1
      • Uncovered spaces: 10
      Features
      • Patio & porch: Porch
      • Exterior features: Sprinkler System, Fruit Trees, Garden
      • Fencing: Fenced/Enclosed,Fenced
      Lot
      • Size: 7,000 Square Feet
      • Features: Level
      Details
      • Additional structures: Shed(s)
      • Parcel number: M:0150 B:0000 L:0003,4207333
      • Zoning: B1

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 4 Family
      Materials
      • Foundation: Concrete Perimeter, Stone
      • Roof: Rubber
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Lawrence

      Financial & listing details

      • Price per square foot: $264/sqft
      • Tax assessed value: $857,000
      • Annual tax amount: $7,404
      • Date on market: 7/27/2026
      • Exclusions: Sale Excludes All Tenants Personal Belongings. Coin Op Washer And Dryer In Basement To Remain.
      • Total actual rent: 8400

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        11/1/2026Price change$1,235,000-1.1%$264/sqft
        Source: MLS PIN #73555467 Report a problem
        9/20/2026Price change$1,249,000-3.9%$267/sqft
        Source: MLS PIN #73555467 Report a problem
        7/27/2026Listed for sale$1,300,000$278/sqft
        Source: MLS PIN #73555467 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 01841

        Getting around

        83 / 100
        Very Walkable
        42 / 100
        Some Transit
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: John K. Tarbox School
        • Middle: Arlington Middle School
        • High: Lawrence High School

        Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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