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99 Days on Jacob RealtyPrice Reduced $65,000
17
$1,235,000
Total Beds: 12 Total Baths: 4
Total Units: 4 SQFT: 4678
LOT size: 0.16 Acres
172-174 Park St
Lawrence, MA 01841
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Property Description

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

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 12
  • Total Full Baths: 4
  • Common Rooms: Kitchen, Living RM/Dining RM Combo
  • Common Interior Features: Ceiling Fans
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Projected
  • Gross Operating Income: 100800
  • Gross Expenses: 13104
  • Water/Sewer: 2290
  • INSC: 4000
  • Net Operating Income: 87696

Utilities

  • Heat Zones: 4
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 4 Family
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73555467
  • Last Updated: 11/01/26

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Map

Seller's Representative: Kim Mulligan, Realty Direct Somerville
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-11-01 04:55:00