MA > Lawrence
Lawrence, MA 01843,183 & 198 Parker
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Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lisa Sevajian
Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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$ 2,000,000

$ 2,000,000

Est. payment /mo
Sold on 09/08/2025

183 & 198 Parker Lawrence, MA 01843

32 Beds

9 Baths

9,075 SqFt

UPDATED:

Key Details

Sold Price $2,000,000

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Sold

Purchase Type For Sale

Square Footage 9,075 sqft

Price per Sqft $220

MLS Listing ID 73403863

Bedrooms 32

Full Baths 9

Year Built 1900

Annual Tax Amount $13,506

Tax Year 2025

Lot Size 9,147 Sqft

Property Sub-Type 5+ Family - Rooming House

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%.

Location

State MA

County Essex

Zoning NA

Building

Lot Description Other

Story 4

Foundation Other

Sewer Public Sewer

Water Public

Listed by Horvath & Tremblay
Bought with Jennelle Graziano • Berkshire Hathaway HomeServices Verani Realty Methuen
Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

GET MORE INFORMATION

Name
Phone*
Message
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183 & 198 Parker

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