
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
* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Lawrence, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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 Agent: Kim Mulligan
Listing Office: Realty Direct Somerville
MLS® Number: 73555467
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