BEDS12
BATHS4 full
SQUARE FEET5,023
MLS#73555467
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Fenced: Yes
Garage: 1
Heating: Steam, Natural Gas
Lot Size: 0.16 Acres
Roof Type: Rubber
Stories: 4.0
Taxes: $7,404
Year Built: 1910
Amenities
Laundry Room
Sprinkler System
Fruit Trees
Garden
Feature Descriptions
Appliances: Range, Microwave, Refrigerator
Building Area Total: 5023
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 1
Dwelling Type: 4 Family
Exclusions: Coin Op Washer And Dryer In Basement To Remain.
Fencing: Fenced/Enclosed, Fenced
GarageY/N: Yes
HeatingY/N: 1
Lot Features: Level
Open Parking Y/N: Yes
Other Structures: Shed(s)
Parcel Number: M:0150 B:0000 L:0003,4207333
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 11
Patio And Porch: Porch
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 22
Sewer: Public Sewer
Units: 4
Water: Public
Local Schools
High School: Lawrence High School
Middle School: Arlington Middle School
Elementary School: John K. Tarbox School
Listed By / Shown By
Listed By
Agency Name: Realty Direct Somerville
Agent Name: Kim Mulligan
Agency Phone: 508-493-1090
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,889.40 per month $2,893.24 Principal & Interest $617.00 Property Tax $379.17 Homeowner's Insurance
172-174 Park St | MLS# 73555467
This multi-family property located at 172-174 Park St, Lawrence, MA 01841 is currently listed for sale with an asking price of $1,300,000. Search Lawrence real estate on www.masiellogrouprealestate.com today.