183 & 198 Parker, Lawrence, MA 01843
- 32 beds |
- 9 baths |
- 9,075 sqft
Multi-Family Home 
Built in 1900 
9,148sqft lot
—— car garage 
$220/sqft 
Listed 13 days ago
Property Description
The Parker Street Rooms & Apartments contain thirty-two (32) residential units, comprised of twenty-nine (29) SRO's and three (3) apartments. 183 Parker Street contains twelve (12) SRO's and one (1) apartment and 198-200 Parker Street contains seventeen (17) SRO's and two (2) apartments. The two buildings are located in South Lawrence and are across the street from one another. The landlord is responsible for gas heat and all electricity in 183 Parker. 198-200 Parker Street features separately metered electricity for all the rooms and apartments, which is the heat source for the building. Passing the electric expense back on to the tenants would create a significant increase in the NOI of the properties. Current rents are also below market rate. The properties have a current cap rate of 9.22%.
- Listing Status:
- Pending
- Date Added:
- July 14, 2025 at 05:00AM
- Listing Office:
- Horvath & Tremblay : 781-776-4000
- Listing Agent:
- Spencer Norton : 781-776-4524
- MLS ID:
- 73403863
This listing courtesy of Spencer Norton, Horvath & Tremblay
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Wetherbee Elementary School
75 Newton St, Lawrence, MA, 01843
Grades KG-8
0.45 miles away
Wetherbee Elementary School
75 Newton St, Lawrence, MA, 01843
Grades KG-8
0.45 miles away
Lawrence High School
70-71 N Parish Rd, Lawrence, MA, 01843
Grades 9-12
0.74 miles away