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INVESTMENT SNAPSHOT
About this property
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
| Units | 4 |
| Living area | 4,678 sqft |
| Lot size | 7,000 sqft |
| Year built | 1910 |
| Price / sqft | $264 |
| County | Essex |
| MLS # | 73555467 |
Listing status
| Days on market | 97 days |
| Listed on | July 27, 2026 |
Taxes & financials
| Annual property tax | $7,404 |
| Tax year | 2026 |
| Assessed value | $857,000 |
| Zoning | B1 |
| Gross income (actual) | $100,800/yr |
| Net operating income (actual) | $87,696/yr |
| Total actual rent | $8,400/mo |
| Insurance expense | $4,000/yr |
Building & lot
| Stories | 4 |
| Total rooms | 22 |
| Lot size | 0.16 acres |
| Garage spaces | 1 |
| Parking spaces | 11 |
| Parking | Paved Drive, Off Street, Paved |
| Foundation | Concrete Perimeter, Stone |
| Roof | Rubber |
Utilities & systems
| Heating | Steam, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lawrence →
Listing courtesy of Realty Direct Somerville — Kim Mulligan. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 172-174 Park St, Lawrence MA 01841 have?
It is a 4-unit multi-family property with 4,678 sqft of living area, built in 1910.
How long has 172-174 Park St, Lawrence MA 01841 been on the market?
172-174 Park St, Lawrence MA 01841 has been listed for 97 days (since July 27, 2026).
What is the price per unit?
At a list price of $1,235,000 across 4 units, that works out to roughly $308,750 per unit.
What are the property taxes on 172-174 Park St, Lawrence MA 01841?
Annual property taxes are $7,404 (2026), on an assessed value of $857,000.
What is the price per square foot?
At $1,235,000 for 4,678 sqft, that's about $264 per square foot.
Is there parking?
1 garage space and 11 total parking spaces (paved drive, off street, paved).
Where is this property located?
172-174 Park St, Lawrence MA 01841 is in Lawrence, Essex County, MA 01841.
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