183 & 198 Parker, Lawrence, MA 01843
- Beds
- 32
- Baths
- 9
- Sqft
- 9,075
View property features, location on map, relevant school information and overview from seller's agent.
- 3
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Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 32
- Number of bathrooms
- 9
- Square feet
- 9,075
- Lot size (acres)
- 0.21
- Year built
- 1900
Utilities
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Electricity
- $20,635
- Insurance
- $22,000
Taxes
- Tax Annual Amount (2025)
- $13,506
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73403863 Last checked: …
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