4 Family at 172-174 Park St, Lawrence MA 01841, Lawrence
4 Family at 172-174 Park St, Lawrence MA 01841, Lawrence, photo 2 of 17
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4 Family at 172-174 Park St, Lawrence MA 01841, Lawrence, photo 5 of 17
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17 photos

$1,249,000

172-174 Park St, Lawrence MA 01841
Lawrence, MA 01841
Listed by Kim Mulligan
Bedrooms
12
Bathrooms
4
Living area
5,023 sqft
Year built
1910

About this home

Owner-occupants and investors take notice! This well-maintained legal 4-family offers four spacious 5room/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 currently tenanted units being Tenants At Will. 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 details

MLS #
73555467
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
65
On market date
July 27, 2026
Stories
4
Total bathrooms
4
Garage spaces
1
Parking spaces
11
Lot size
0.16 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Lawlor Early Childhood Center
0.14 mi away · Grades 0
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
133
Student:teacher ratio
11.1:1
District
Lawrence
Middle
Arlington Middle School
0.36 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
563
Student:teacher ratio
12.5:1
District
Lawrence
High
High School Learning Center
0.42 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
208
Student:teacher ratio
13.9:1
District
Lawrence

Walkability

Blended score for Lawrence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies13

Market position

How this listing compares to current activity in Lawrence, from live MLS data.

On the market 65 days -- 41 fewer days than Lawrence's current average of 106 days.
For reference, the median list price across 226 active listings in Lawrence right now is $75,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,672/mo
$249,800 down
$999,200 loan
Principal & interest$6,481
Property tax (est.)$1,041
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 7 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.