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183 & 198 Parker

Lawrence, MA 01843

32 beds
9 baths
9,075 sqft
9,147 sqft lot
$220 per sqft
1900 build
– on site

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 courtesy of MLSPIN / Spencer Norton / Horvath & Tremblay

Last checked: Checking… • Last updated Jul 14, 2025 •

MLS# 73403863 —

The Building

Year Built:

1900
Year Built Details:

Approximate
Year Built Source:

Public Records
# of Units Total:

32
Foundation Details:

Other
Levels:

4
Stories:

4
Stories Total:

4
Building Area Total:

9075
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

38
Fireplace:

false

Room Dimensions

Living Area:

9075
Living Area Source:

Public Record

Location

Directions:

Please use GPS
Longitude:

-71.157985
Latitude:

42.695611

The Property

Property Type:

Residential Income
Property Subtype:

5+ Family - Rooming House
Zoning:

NA
Lot Size Units:

Acres
Lot Features:

Other
Lot Size Area:

0.21
Lot Size SqFt:

9147
Lot Size Acres:

0.21
Waterfront:

false
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Book Number:

17655
Tax Annual Amount:

13506
Tax Assessed Value:

1534800

Beds

Bedrooms Total:

32

Baths

Total Baths:

9
Total Baths:

9
Full Baths:

9

The Listing

Home Warranty:

false

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Spa:

false
Senior Community:

false

Parking

Parking Total:

4
Garage:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
7/14/25 Jul 14, 2025	Listed / Active	MLSPIN	$2,000,000

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This multifamily located in South Common, Lawrence, MA 01843 is currently for sale for $2,000,000. 183 & 198 Parker is a 9,075 square foot multifamily with 32 beds and 9 baths that has been on Estately for 0 days. 183 & 198 Parker is in the South Common neighborhood of Lawrence and has a WalkScore® of 81, making it very walkable. This multifamily is in the attendance area of Lower School Academy, South Lawrence East School, Spark Academy, School For Exceptional Studies, John Breen School, Upper School Academy, International High School, and Abbot Lawrence Academy.

Listing Courtesy of: MLSPIN and Horvath & Tremblay.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.