21-23 Cedar Street
Multifamily | 7.83% Cap | 8,659 SqFt
Marketing description
ACCESS & CONNECTIVITY
21-23 Cedar St has bus service via MeVa Transit routes, specifically MeVa Route 1, which links Lawrence and Haverhill.
Train service is accessible via the Haverhill station, which is served by the MBTA Commuter Rail Haverhill Line and Amtrak’s Downeaster, giving residents options for both local and regional travel.
The property also benefits from convenient highway access via I-495, which directly serves Haverhill and provides an efficient route to surrounding North Shore, Merrimack Valley, and greater Boston-area destinations.
AREA AMENITIES & DEMAND DRIVERS
The Property is positioned within the broader Merrimack Valley, a historically strong employment corridor anchored by healthcare, education, manufacturing, and technology sectors. Major local employers include regional healthcare providers such as Holy Family Hospital and Pentucket Medical Associates, as well as Northern Essex Community College, all of which contribute to a stable base of employment and consistent renter demand from healthcare workers, students, and staff.
The surrounding Merrimack Valley region hosts major corporate and institutional employers including Raytheon, Philips Healthcare, and UKG in nearby Andover and Lowell, creating a deep employment pool that supports workforce housing demand across Haverhill.
The city’s location along the Merrimack River, access to regional transit via MeVa, and proximity to coastal destinations, New Hampshire tax-free shopping, and Greater Boston all contribute to its appeal among renters seeking relative affordability without sacrificing access to major economic centers.
PRIME MERRIMACK VALLEY LOCATION
The Property offers convenient access to nearby destinations such as Andover, Newburyport, and Lowell, each known for their walkable downtowns, dining scenes, and cultural amenities, while also benefiting from immediate proximity to the New Hampshire border.
The city’s accessibility to broader Merrimack Valley recreational assets, including conservation land, golf courses, and nearby coastal destinations, further enhances its appeal for renters seeking an active lifestyle.
Additionally, the broader Merrimack Valley is recognized for its blend of historic mill-town character, outdoor recreation, and cultural institutions, including museums, performance venues, and seasonal attractions, all of which contribute to the area’s appeal as a dynamic and accessible place to live.
SEPARATELY METERED UTILITIES
Tenants are responsible for gas-powered forced hot water (FHW) heating, gas powered hot water, and separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.
OFF-STREET PARKING
The Property features ample parking with over five (5) off-street parking spaces.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 28,200 people live within 1 mile of the Property with an average household income of $90,598. Over 67,000 people reside within 3 miles of the Property with an average household income of $114,301.
QUALITY OF LIFE AMENITIES
The Property is located just minutes from downtown Haverhill, which has evolved into a vibrant dining destination featuring a mix of local favorites and casual eateries, including spots like Common Ground Café alongside a growing collection of restaurants, bars, and coffee shops.
National and quick-service dining options such as Dunkin’, McDonald’s, and other everyday staples are readily available throughout the surrounding commercial corridors, providing convenient grab-and-go options for residents.
Residents have access to multiple grocery options including Market Basket locations throughout the city, as well as smaller neighborhood-oriented options like American Grocery and Jacqueline’s Convenience Store for daily needs. Larger retail hubs such as Westgate Market Place and nearby regional shopping centers further expand access to national retailers, service providers, and dining options.
Haverhill’s location along the Merrimack River provides access to scenic riverwalks, parks, and open space, while nearby recreational areas such as Winnekenni Park offer walking trails, green space, and year-round outdoor activities.
Investment highlights
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 21-23 Cedar Street in Haverhill, MA (the “Property”). The multi-story building contains one (1) 4-Bedroom/1-Bathroom unit, one (1) 3-Bedroom/2-Bathroom unit, one (1) 2+-Bedroom/2-Bathroom unit, one (1) 2+-Bedroom/1.5-Bathroom unit, and two (2) 2-Bedroom/1-Bathroom units with 6,206 square feet of gross living area in 8,659 square feet of gross area. The Property is situated upon a 0.18-acre parcel and features over five (5) off-street parking spaces.
21–23 Cedar Street is well-positioned in Haverhill’s urban core, offering strong access to the city’s downtown district, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Route 97 (Broadway) and Route 125, as well as close proximity to Interstate 495, providing efficient regional access throughout the Merrimack Valley and into Greater Boston and Southern New Hampshire.
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