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113-115 Laurel Ave 113 Laurel Ave 4 Unit Apartment Building $800,000 ($200,000/Unit) 6.20% Cap Rate Haverhill, MA 01835
Investment Highlights
- Access & Connectivity
- Prime Merrimack Valley Location
- Quality of Life Amenities
- Area Amenities & Demand Drivers
- Strong Rental Demographics & Demand
Executive Summary
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.
Property Facts
| Price | $800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.20% | Building Size | 5,894 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Price | $800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,894 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | HAVE-000711-000006-000018 | Improvements Assessment | $479,800 |
| Land Assessment | $157,200 | Total Assessment | $637,000 |
Property Taxes
Parcel Number
HAVE-000711-000006-000018
Land Assessment
$157,200
Improvements Assessment
$479,800
Total Assessment
$637,000
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113-115 Laurel Ave | 113 Laurel Ave
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