172-174 Park St, Lawrence, MA 01841
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172-174 Park St, Lawrence, MA 01841
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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McSalomon Osias

McSalomon Osias

+1(781) 201-0710
$ 1,249,000
Est. payment /mo
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Price Dropped by $51K

172-174 Park St Lawrence, MA 01841

12 Beds

4 Baths

5,023 SqFt

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 $248

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

Fully occupied legal 4-family offering immediate rental income and additional growth potential! This well-maintained Lawrence multifamily currently generates $8,450 monthly ($101,400 annually) in gross rental income, plus additional income from coin-operated laundry. With estimated market rents of over $2,200 per unit, annual gross rental potential easily reaches over $105,600, excluding laundry income.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 future increases. Conveniently located near shopping, transportation, and major commuter routes.An excellent opportunity to acquire an established income-producing property with strong existing revenue and additional upside!

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

MLSPIN
Listed by Realty Direct Somerville

Nearby Locations

McSalomon Osias

McSalomon Osias

Agent

+1(781) 201-0710

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172-174 Park St