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33629224
33629222

113 Laurel Avenue, Haverhill, MA 01835 For Sale

DK
MA MA 9504385
Horvath & Tremblay
SN
MA 9562958
Horvath & Tremblay
Listed by Horvath & Tremblay
$800,000
88 days on market
Updated 36 days ago

113-115 Laurel Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,894
Cap Rate 6.2%
NOI $49,561
Occupancy 100%
Price per SqFt $228
Year Built 1900
Buildings 1
Acreage 0.250

Multifamily | 6.20% Cap | 5,894 SqFt

Marketing description

ACCESS & CONNECTIVITY

113-115 Laurel Ave in Haverhill benefits from strong access and connectivity, with Bradford station located around the corner, providing convenient MBTA commuter rail service on the Haverhill Line into Boston.

The Property also benefits from convenient highway access via Route 110/113 and Route 125, both of which connect into I-495 in Haverhill. That gives the site direct access to the regional road network for travel toward Lawrence, Lowell, and other Merrimack Valley destinations, as well as northbound travel into southern New Hampshire.

AREA AMENITIES & DEMAND DRIVERS

Institutions such as Northern Essex Community College serve as both employment centers and workforce pipelines, while organizations like the MassHire Merrimack Valley Career Center reinforce job accessibility and economic mobility within the region.

The broader Merrimack Valley economy is anchored by healthcare, education, technology, and defense sectors, with major regional employers including companies such as Philips, Raytheon, BAE Systems, and UKG located within a short drive in surrounding communities like Andover, Lowell, and Lawrence.

Beyond employment fundamentals, Haverhill benefits from its position within a highly accessible New England corridor, offering proximity to coastal destinations, Southern New Hampshire’s tax-free retail, and the cultural and economic amenities of Boston.

PRIME MERRIMACK VALLEY LOCATION

Positioned in Haverhill, the property benefits from proximity to key neighboring communities including Lawrence, Lowell, Andover, and Methuen—all of which contribute to the region’s economic base, cultural offerings, and employment opportunities.

The Merrimack Valley itself is a major population and economic corridor within Greater Boston, anchored by historic mill cities and modern suburban growth along the Merrimack River.

Nearby cultural and recreational destinations throughout the Merrimack Valley include the Buttonwoods Museum, trail systems, and conservation areas across Andover and North Andover, and regional attractions such as Salisbury Beach and Plum Island.

UTILITIES

Tenants are responsible for a mix of gas and electric powered heat, gas powered hot water, and separately metered electricity, which they pay directly. The Landlord is responsible for city water & sewer, which they pay directly.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 26,900 people live within 1 mile of the Property with an average household income of $97,022. Over 70,600 people reside within 3 miles of the Property with an average household income of $116,437.

QUALITY OF LIFE AMENITIES

The Property benefits from close proximity to downtown Haverhill’s dining scene, which includes a blend of national chains, quick-service options, and local favorites. Residents have access to national chains like Dunkin' and McDonald's, as well as regional sit-down options such as The Tap Brewing Company and Wang's Table.

Grocery access includes neighborhood markets such as Cibao Market and Fresh Valley Foods Corporation, along with larger regional grocers and retail centers located a short drive away along Route 125 and into nearby Plaistow, NH, where residents benefit from additional big-box retailers and tax-free shopping.

Residents are within close proximity to Winnekenni Park, a prominent local destination featuring walking trails, open space, and Winnekenni Castle overlooking Lake Saltonstall. Additional recreational opportunities exist along the Merrimack River waterfront and throughout the city’s network of parks and conservation areas, supporting activities such as hiking, biking, and passive recreation.

Investment highlights

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 113-115 Laurel Ave in Haverhill, MA (the “Property”). The multi-story building contains four (4) 2-Bedroom/1-Bathroom units with 3,512 square feet of gross living area in 5,894 square feet of gross area. The Property is situated upon a 0.25-acre parcel and features on-street parking spaces.

113-115 Laurel Avenue is well-positioned within a residential neighborhood of Haverhill, offering strong access to the city’s downtown core, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Route 125 and Interstate 495, as well as proximity to Route 97, providing efficient regional access throughout the Merrimack Valley and into the greater Boston and Southern New Hampshire markets.

Listing Contacts

DK
MA MA 9504385
Horvath & Tremblay
SN
MA 9562958
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$49,561.00
$4,130.08/mo

Valuation Metrics

0
DSCR
6.2%
Cap Rate
6.2%
ROI

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Additional Information

Name
Dennis Kelleher
License
MA 9504385
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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