172-174 Park St Lawrence — Photo 1 of 17
Recent Drop: $51,000
$1,249,000
172-174 Park St, Lawrence, MA 01841
Lawrence, MA 01841
Beds
12
Baths
4
SqFt
5,023
Style
4 Family
Built
1910
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.
Key facts
It was listed on July 27, 2026. The price has come down from an original $1,300,000 to $1,249,000, most recently on September 20, 2026. The annual property taxes are $7,404 (2026 tax year). It sits on a 0.16-acre (7,000 sq ft) lot.
Market Value Analysis
* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Lawrence, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator
Geography
Property History
$1,249,000
Was $1,300,000
Sep 20, 2026
MLS® 73555467
$1,300,000
Jul 27, 2026
MLS® 73555467
Questions about this home
When was 172-174 Park St, Lawrence listed?
172-174 Park St, Lawrence was listed on July 27, 2026.
Has the price of 172-174 Park St, Lawrence changed?
The price has come down from an original $1,300,000 to $1,249,000, most recently on September 20, 2026.
What are the property taxes for 172-174 Park St, Lawrence?
The annual property taxes for 172-174 Park St, Lawrence are $7,404 (2026 tax year).
How big is the lot at 172-174 Park St, Lawrence?
172-174 Park St, Lawrence sits on a 0.16-acre (7,000 sq ft) lot.
What is the status of 172-174 Park St, Lawrence?
172-174 Park St, Lawrence is actively listed for sale.
Population
52,769
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$57K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
68.9%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Kim Mulligan
Listing Office: Realty Direct Somerville
MLS® Number: 73555467
