Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

172-174 Park St

Lawrence, MA ID #73555467

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172-174 Park St

- Lawrence, MA ID #73555467

Property Description

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.

Additional Details

  • Status: NEW
  • Type: Multi-Family, Quadruplex
  • Zip Code: 01841
  • Taxes: 7,404
  • Levels: 4
  • Acres: 0.16

Parking

  • Garage: 1
  • Garage Capacity: 1
  • Parking: Paved,Off Street
  • Parking Spaces: 11

Rooms/Dimensions

  • Total Units: 4
  • Total Floors: 4
  • Total Rooms: 22

Location

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172-174 Park St, Lawrence, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Kim Mulligan of Realty Direct Somerville. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.