Sold
183 & 198 Parker St, Lawrence, MA
Lawrence · MA 01843
- $2,000,000
- Price
- 32
- Beds
- 9
- Baths
- 9075
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
32 Units
Lot size:
9,147 Sq.Ft Lot
Price per square foot:
$220 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
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%.
Neighborhood & Transit
183 & 198 Parker St, Lawrence · MA 01843
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 302 days
- Listing Price:
- $2,000,000
- Price per Sq.Ft:
- $220
- Tax Assessment:
- $1,534,800 in 2025
- Taxes:
- $1,126 / Monthly
Home Facts
Interior Features
- Bedrooms
- 32
- Full Bathrooms
- 9
- Half Bathrooms
- 0
- Living Area
- 9,075 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 9075
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 9,147 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Spencer Norton
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73403863