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499 Haverhill St 9 Unit Apartment Building $1,675,224 CAD ($186,136 CAD/Unit) 6.44% Cap Rate Lawrence, MA 01841
Investment Highlights
- Plenty of parking
- Garage
- Coin op washer/dryer
- Good sized yard
- Basement
- Gas heat
Executive Summary
Welcome to an exceptional investment opportunity in the City of Lawrence. This 9-unit property features a desirable unit mix of three one-bedroom units and six studio units, offering strong income potential. The property provides ample parking with at least one space per unit, as well as a garage. A large basement offers additional storage space for tenants. Two units are currently vacant, presenting an immediate opportunity for the new owner to select their own tenants or adjust rents to market value. The property also offers two generous side yards, giving tenants outdoor space to enjoy. Additional features include a newly built side deck, coin-operated washer and dryer available for tenant use, a welcoming front porch, and a good-sized lot. Conveniently located near restaurants, shops, supermarkets, parks, and with easy access to major highways including Route 93, this property is well positioned for both tenants and investors.
2 units are currently vacant and are not included in the NOI and Cap Rate calculation. One 1 bedroom and one studio are currently vacant and have been left vacant for the buyer to rent to their tenant of choice
2 units are currently vacant and are not included in the NOI and Cap Rate calculation. One 1 bedroom and one studio are currently vacant and have been left vacant for the buyer to rent to their tenant of choice
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$141,129
|
$33.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,129
|
$33.83
|
| Taxes |
$11,463
|
$2.75
|
| Operating Expenses |
$21,797
|
$5.22
|
| Total Expenses |
$33,260
|
$7.97
|
| Net Operating Income |
$107,869
|
$25.86
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $141,129 |
| Annual Per SF | $33.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $141,129 |
| Annual Per SF | $33.83 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,463 |
| Annual Per SF | $2.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,797 |
| Annual Per SF | $5.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,260 |
| Annual Per SF | $7.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,869 |
| Annual Per SF | $25.86 |
Property Facts
| Price | $1,675,224 CAD | Building Class | C |
| Price Per Unit | $186,136 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 4,172 SF |
| Cap Rate | 6.44% | Average Occupancy | 77% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R, Lawrence | ||
| Price | $1,675,224 CAD |
| Price Per Unit | $186,136 CAD |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 4,172 SF |
| Average Occupancy | 77% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R, Lawrence |
Amenities
Unit Amenities
- Washer/Dryer
- Yard
- Basement
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | LAWR-000188-000000-000008 | Total Assessment | $1,302,572 CAD |
| Land Assessment | $334,498 CAD | Annual Taxes | $11,463 CAD ($2.75 CAD/SF) |
| Improvements Assessment | $968,074 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
LAWR-000188-000000-000008
Land Assessment
$334,498 CAD
Improvements Assessment
$968,074 CAD
Total Assessment
$1,302,572 CAD
Annual Taxes
$11,463 CAD ($2.75 CAD/SF)
Tax Year
2025
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499 Haverhill St
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