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About this property
Whether you're looking to offset your monthly housing expenses with rental income or build long-term wealth through real estate investing, this four-family offers exceptional flexibility, immediate cash flow, and outstanding long-term potential. Offered at $1,300,000, the property features 12 bedrooms, 4 full baths, and sits on a generous 7,000 sq. ft. lot with abundant off-street parking, one-car garage, storage shed, and garden area. The owner's unit will be delivered vacant at closing, creating an ideal opportunity for an owner-occupant or allowing investors to immediately lease at current market rents. Three Tenant-at-Will units currently generate $6,250 per month and with market rents estimated at approximately $2,200 per unit the projected gross income is $105,600/yr. Building features include individually heated units with separately metered gas and electric, replacement windows, updated 200 Amp electrical service with house meter, a fully certified central fire sprinkler system, coin-operated laundry, dedicated tenant storage, and a common mechanical area. Conveniently located near major highways, public transportation, shopping, restaurants, parks, and neighborhood amenities. Lead compliance history available.
Property details
| Units | 4 |
| Living area | 5,023 sqft |
| Lot size | 7,000 sqft |
| Year built | 1910 |
| Price / sqft | $259 |
| County | Essex |
| MLS # | 73555467 |
Listing status
| Days on market | 4 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) | $105,600/yr |
| Net operating income (actual) | $105,600/yr |
| Total actual rent | $8,800/mo |
| Insurance expense | $3,200/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 |
| Appliances | Range, Microwave, Refrigerator |
Location
More about investing in Lawrence →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 172-174 Park St, Lawrence MA 01841 have?
It is a 4-unit multi-family property with 5,023 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 4 days (since July 27, 2026).
What is the price per unit?
At a list price of $1,300,000 across 4 units, that works out to roughly $325,000 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 $1,300,000 for 5,023 sqft, that's about $259 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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