September 5, 2025 – Spencer Norton of Horvath & Tremblay has arranged the sale of the Parker Street Suites, thirty-two multi-family units in Lawrence, Massachusetts. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $2,000,000.
The Parker Street Suites are located at 183 and 198-200 Parker Street in Lawrence, Massachusetts. The Parker Street Suites include two separate Properties and contains a total of thirty-two (32) residential units comprised of three (3), 2-Room Studio units, and twenty-nine (29), SRO (single room occupancy) units with 9,075 square feet of living area in 15,238 gross square feet on a 0.21-acre parcel of land. The well-maintained Properties offer several on-site parking spaces. 183 Parker Street is a three-story multi-family building with thirteen (13) residential units made up of one (1), 2-Room Studio unit, and twelve (12) SRO (single room occupancy) units with 3,882 square feet of living area on a 0.1-acre corner parcel of land. The well-maintained Property offers one (1) on-site parking space. 198-200 Parker Street is a three-story multi-family building with nineteen (19) residential units made up of two (2), 2-Room Studio units, and seventeen (17) SRO (single room occupancy) units with 5,193 square feet of living area on a 0.11-acre corner parcel of land. The well-maintained Property offers several on-site parking spaces. The Parker Street Suites are well positioned on the south-side of Lawrence and provide direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.7-miles). The Properties are walkable to local retail establishments, eateries, grocery stores, and parks and playgrounds. Lawrence benefits from a solid transportation infrastructure and proximity to Boston (25 miles from Downtown), the largest city in New England.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.