172-174 Park St Lawrence, MA 01841
Arlington NeighborhoodEstimated payment $7,516/month
Highlights
- Fruit Trees
- Shed
- 1 Car Garage
- Porch
- Garden
- 3-minute walk to Cronin Playground
About This Home
Owner-occupants and investors take notice! This well-maintained legal 4-family offers four spacious 5-6 room, 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 tenanted units being TAW. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,404
Year Built
- Built in 1910
Lot Details
- 7,000 Sq Ft Lot
- Fenced
- Level Lot
- Sprinkler System
- Fruit Trees
- Garden
Parking
- 1 Car Garage
- Driveway
- 10 Open Parking Spaces
- Off-Street Parking
Home Design
- Stone Foundation
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Property has 1 Level
- Basement
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Shed
- Porch
Schools
- John K. Tarbox Elementary School
- Arlington Middle School
- Lawrence High School
Utilities
- 4 Heating Zones
- Heating System Uses Natural Gas
- Heating System Uses Steam
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:0150 B:0000 L:0003,4207333
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $3,200
- Water Sewer Expense $2,800
- Operating Expense $6,000
- Net Operating Income $105,600
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | For Sale | $1,300,000 | -- | $259 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73555467
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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