$1,235,000
172-174 Park St
Lawrence, MA, 01841
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!
Property Details
Price:
$1,235,000
MLS #:
73555467
Status:
Active
Beds:
12
Baths:
4
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Jul 27, 2026
Finished Sq Ft:
4,678
Total Sq Ft:
4,678
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
1910
Units:
4
Schools
Elementary School:
John K. Tarbox School
Middle School:
Arlington Middle School
High School:
Lawrence High School
Interior
Above Grade Finished Area
4678
Bathrooms
4 Full Bathrooms
Below Grade Finished Area
450
Heating
Steam, Natural Gas
Interior Features
Laundry Room, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo, Living Room, Dining Room
Levels
4
Exterior
Covered Spaces
1
Exterior Features
Sprinkler System, Fruit Trees, Garden
Fencing
Fenced/Enclosed, Fenced
Garage Spaces
1
Lot Features
Level
Open Parking Spaces
10
Open Parking YN
1
Other Structures
Shed(s)
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
11
Parking Total
11
Patio And Porch Features
Porch
Roof
Rubber
Stories
4
Financial
Tax Year
2026
Taxes
$7,404
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Lawrence as of Nov 08, 2026
42
Multi Family Listed
116
Avg DOM
269
Avg $ / SqFt
$1,010,470
Avg List Price
Community
- Address172-174 Park St Lawrence MA
- CityLawrence
- CountyEssex
- Zip Code01841
Subdivisions in Lawrence
Similar Listings Nearby
Property Summary
- 172-174 Park St Lawrence MA is a Multi Family for sale in Lawrence, MA, 01841. It is listed for $1,235,000 To schedule a showing of MLS#73555467 at 172-174 Park St in Lawrence, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Realty Direct Somerville. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
172-174 Park St
Lawrence, MA