183 & 198 Parker, Lawrence MA 01843
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%.
Sale Statistics
This property sold exactly at the asking price.
With only 3 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
183 & 198 Parker, Lawrence MA 01843
Lawrence, MA 01843
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Sep 8, 2025Listed for Sale
Jul 14, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/08/2025 | ✓ Sold | $2,000,000 | - | - | Property sold |
| 07/14/2025 | 🏠 Listed for Sale | $2,000,000 | - | - | Original listing |