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Active

172-174 Park St

Lawrence, MA 01841

$1,300,000
12Bedrooms
4Bathrooms
5,023Square feet
1910Year built

Residential Income · Active · MLS #73555467
Listing Courtesy of Realty Direct Somerville | Kim Mulligan

MLS PIN data

About this home

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.

Property information

Details at a glance

Interior

Rooms
22
Heating
Steam, Natural Gas

Building

Style
4 Family
Year built
1910
Garage
1
Parking
11
Foundation
Concrete Perimeter, Stone
Roof
Rubber

Land & utilities

Lot size
0.16 acres
Water
Public
Sewer
Public Sewer
Zoning
B1

Financial

Annual taxes
$7,404
Assessment year
2026

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$1,342,658

Estimated range $1,279,367$1,405,949

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationaverage

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Lawrence

MetricThis propertyLawrence
List price$1,300,000$847,45053% above local
Price / sq ft$259$28710% below local
Days on market382552% above local
Explore homes in Lawrence

Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.

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Bean Group guidance

Useful next steps

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Common questions

About 172-174 Park St

Can I schedule a private showing?

Yes. Request a tour of 172-174 Park St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.