172-174 Park St, Lawrence MA 01841
Lawrence, MA 01841
$1,300,000
Est. $7,391/month
About this home
Rare Opportunity to Own a Fully Assessed Four-Family Investment Property in LawrenceOffered at $1,300,000, this professionally maintained four-family delivers immediate income with exceptional upside. Three units are occupied while the owner’s unit will be delivered vacant at closing, creating flexibility for an owner-occupant or immediate lease-up at market rent. The property offers approximately 5,473 square feet of living area, 12 bedrooms, 4 full baths, separately metered utilities, a fully certified central fire sprinkler system, and abundant off-street parking on an oversized city lot.
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Property History
Market Insights
Property Timeline
Showing Instructions Updated
Jul 28, 2026
New showing requirements
Listed for Sale
Jul 27, 2026
$1,300,000
Original listing
Agent: Kim Mulligan
Office: Realty Direct Somerville
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/28/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/27/2026 | 🏠 Listed for Sale | $1,300,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,404 | $857,000 |
Financial Details
Annual Property Tax
$7,404
Tax Year 2026
Assessed Value
$857,000
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1910
Living Area
5,023 sq ft
Lot Size
0.16 acres
Bedrooms
12
Full Baths
4
Total Rooms
22
Investment Metrics
Units
4
Unit 1 Rent
$2,200/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
$2,200/mo · N
Unit 4 Rent
$2,200/mo · N
Total Monthly Rent
$6,600/mo
Gross Income
$78,000
Net Operating Income
$78,000
Operating Expenses
$6,000
Water/Sewer Expense
$2,800
Insurance Expense
$3,200
Cap Rate
6.00%
Interior
Heating
Steam, Natural Gas
Cooling
None
Flooring
None
Appliances
Range, Refrigerator, Microwave
Fireplace
None
Basement
None
Laundry
Dryer Hookup
Features
Bathroom With Tub & Shower, Open Floorplan, Lead Certification Available, Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
Sprinkler System, Fruit Trees, Garden
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Porch
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Off Street, Paved
Total Spaces
11
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,404
Assessed Value
$857,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyers And Buyers Agents To Verify All Information. Some Photos Are Virtually Staged.
Exclusions
Coin Op Washer And Dryer In Basement To Remain.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
12
Full Bathrooms
4
Living Area
5,023 sq ft
Total Rooms
22
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,023 sq ft above grade
450 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Refrigerator, Microwave
Interior Features:
Bathroom With Tub & Shower, Open Floorplan, Lead Certification Available, Living Room, Kitchen
Windows:
Basement:
Laundry:
Dryer Hookup
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Steam, Natural Gas
Heating Zones:
4
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Sprinkler System, Fruit Trees, Garden
Patio & Porch:
Porch
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Shed(s)
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
11
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School District
Lawrence School District local
D
Where Graduates Go
Class of 2021
36%
attend college
14%
4-Year
23%
2-Year
3%
Out of State
2%
Working
School Safety
2024-25
2.2%
Average
2.2%
Suspensions
1.1%
In-School
3.3% below state avg
Elementary Schools
3 schools
C-
John K Tarbox School
0.2 mi
|
#699 of 824
|
Score: 35.8
Dropped 40 spots from last year
-22.4 below state avg
281 students
Less Diverse
Grades 01-04
F
Francis M. Leahy School
0.3 mi
|
#806 of 824
|
Score: 26.5
Improved 27 spots from last year
-31.7 below state avg
525 students
Less Diverse
Rising School
Grades PK-04
C-
Arlington Elementary School
0.4 mi
|
#738 of 824
|
Score: 33.2
Improved 69 spots from last year
-25 below state avg
558 students
Less Diverse
Rising School
Grades K-04
Middle Schools
3 schools
D
Arlington Middle School
0.4 mi
|
#325 of 352
|
Score: 28.8
Improved 24 spots from last year
-29.4 below state avg
543 students
Less Diverse
Rising School
Grades 05-08
F
Oliver Middle School
0.5 mi
|
#346 of 352
|
Score: 24.3
Dropped 28 spots from last year
-33.9 below state avg
348 students
Less Diverse
Grades 05-08
Blessed Stephen Bellesini O.S.A. Academy
0.5 mi
Grades 05-08
High Schools
3 schools
Central Catholic High School
0.3 mi
21 sports
• 2,718 athletes
Strong Athletics
Grades 09-12
B-
RISE Academy
0.9 mi
|
#223 of 346
|
Score: 66.7
Same rank as last year
74 students
Less Diverse
College Ready Curriculum
Grades 06-12
B
Phoenix Academy Public Charter High School, Lawrence
0.9 mi
|
#182 of 346
|
Score: 69.9
Same rank as last year
140 students
Moderate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$617
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
172-174 Park St, Lawrence MA 01841
Lawrence, MA 01841
Listing Information
Listing Agent
Kim Mulligan
Listing Office
Realty Direct Somerville
Office Phone
508-493-1090
Agent MLS ID
BB985699
Office MLS ID
AN0535
Listing Data Updated
Jul 27, 2026 10:55 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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