172-174 Park St, Lawrence, MA 01841
172-174 Park St, Lawrence, MA 01841
172-174 Park St, Lawrence, MA 01841
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Jonathan Bombaci

Jonathan Bombaci

+1(978) 710-5616
$1,300,000
Est. payment /mo
12 Beds
4 Baths
5,023 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,023 sqft

Price per Sqft $258

MLS Listing ID 73555467

Bedrooms 12

Full Baths 4

Year Built 1910

Annual Tax Amount $7,404

Tax Year 2026

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 4 Family

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 professionally maintained legal 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 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.

Location

State MA

County Essex

Zoning B1

Direction Google Maps

Interior

Interior Features Laundry Room

Heating Steam, Natural Gas

Appliance Range, Microwave, Refrigerator

Exterior

Exterior Feature Sprinkler System, Fruit Trees, Garden

Garage Spaces 1.0

Fence Fenced/Enclosed, Fenced

Roof Type Rubber

Total Parking Spaces 12

Garage Yes

Building

Lot Description Level

Story 4

Foundation Concrete Perimeter, Stone

Sewer Public Sewer

Water Public

Schools

Elementary Schools John K. Tarbox School

Middle Schools Arlington Middle School

High Schools Lawrence High School

Others

Senior Community false

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Listed by Realty Direct Somerville
NEARBY SCHOOL & BUSINESS

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172-174 Park St

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+1(978) 710-5616