Whether you’re looking to offset your monthly housing expenses with rental income or build long-term wealth through real estate investing, this 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 200 Amp 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.
- Heating System:
- Steam, Natural Gas
- Parking:
- Off Street, Paved, Paved Drive
- Appliances:
- Range, Microwave, Refrigerator
- Exterior Unit Features:
- Sprinkler System, Fruit Trees, Garden
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Some rooms are virtually staged to show possible furniture layout
- Garage Parking:
- Yes
- Interior Features:
- Laundry Room
- Lead Paint:
- Certified Treated
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Grade School:
- John K. Tarbox School
- High School:
- Lawrence High School
- Middle School:
- Arlington Middle School
- Market Time:
- 2
- Parking Spaces:
- 11
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $259
- Zoning:
- B1
- No Units:
- 4
- Orig Price:
- $1,300,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Lawrence
- State:
- MA
- County:
- Essex
- Postal Code:
- 01841
- Longitude:
- W72° 49' 56.9''
- Latitude:
- N42° 42' 57.5''
Residential Income
172-174 Park St, Lawrence, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,300,000
- Bedrooms :
- 12
- Rooms :
- 22
- Total Bathrooms :
- 4
- Full Bathrooms :
- 4
- Square Footage :
- 5,023 Sqft
- Year Built :
- 1910
- Lot Area :
- 0.16 Acre
- Listing ID :
- 73555467
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
