172-174 Park St
$1,200,000
12
Beds
4
Baths
4,678
Sqft
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$1,200,000
12
Beds
4
Baths
4,678
Living Area
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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!
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Highlights
- Heating: Steam, Natural Gas
- Parking Spots: 11
- Property Type: 4 Family
- Total Rooms: 22
- Status: Active
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1910
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Additional Details
- Exclusions: Sale Excludes All Tenants Personal Belongings. Coin Op Washer And Dryer In Basement To Remain.
- Foundation: Concrete Perimeter, Stone
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: B1
- Exterior Features: Sprinkler System, Fruit Trees, Garden
- Interior Features: Laundry Room, Ceiling Fan(s), Storage, Walk-In Closet(s), Kitchen, Living RM/Dining RM Combo, Living Room, Dining Room
- Roof: Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Covered Parking Spaces: 1
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $857,000
- Tax Year: 2026
- Total Rent: $8,400
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $7,404
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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 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.