Active
44 Days on market
172-174 Park St Lawrence — Photo 1 of 17

172-174 Park St Lawrence — Photo 1 of 17

$1,300,000

172-174 Park St, Lawrence, MA 01841

Lawrence, MA 01841

Beds

12

Baths

4

SqFt

5,023

Style

4 Family

Built

1910

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$259/sqft
Local Avg (Lawrence)$327/sqft
21% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Lawrence, MA.

Property Details

Financials

Original Price$1,300,000
Annual Taxes$7,404

Parking

Garage1
Off-Street11

Interior Specifications

Total Rooms22
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingSteam, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationConcrete Perimeter, Stone
ZoningB1

Property & Lot

Acres0.16
SqFt Lot7,000
Lot FeaturesLevel

Amenities & Appliances

Range • Microwave • Refrigerator

Geography

Population

52,769

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$57K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

68.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Kim Mulligan

Listing Office: Realty Direct Somerville

MLS® Number: 73555467

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