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Haverhill Street Apartments 2 Multifamily Properties Offered at $3,844,609 CAD in Lawrence, MA
Investment Highlights
- Below-Market Rents
- Tenants Pay Their Own Electric
- All 14 Units Occupied
Executive Summary
Northeast Private Client Group, Inc. is pleased to present 348-350 & 352-354 Haverhill Street, a 14-unit multifamily portfolio spread across two buildings built in 1920 in Lawrence, Massachusetts, the largest city in the Merrimack Valley, set on the north side of the Merrimack River about thirty miles north of Boston.
The portfolio is offered at $2,785,000, a 6.50% cap on current income. The two buildings together hold fourteen apartments — five studios, seven one-bedrooms, and two two-bedroom units — a mix that tracks the deep, working-class rental demand of a city where the large majority of households rent. Tenants pay their own electricity, while ownership covers water and sewer, keeping the operating profile straightforward. Current rents sit below the local market, so marking each unit to market as leases turn creates a clear runway to higher income without repositioning the asset.
The portfolio's downtown-Lawrence setting places residents within walking distance of Essex Street retail, Lawrence General Hospital, and Northern Essex Community College, with commuter rail and Interstate 495 close at hand. 348-350 & 352-354 Haverhill Street offers a stabilized value-add multifamily investment in a dense, renter-majority Merrimack Valley city — durable, income-producing housing with current rents below market and a straightforward path to lifting them over time.
Please reach out to the deal contacts for more information.
The portfolio is offered at $2,785,000, a 6.50% cap on current income. The two buildings together hold fourteen apartments — five studios, seven one-bedrooms, and two two-bedroom units — a mix that tracks the deep, working-class rental demand of a city where the large majority of households rent. Tenants pay their own electricity, while ownership covers water and sewer, keeping the operating profile straightforward. Current rents sit below the local market, so marking each unit to market as leases turn creates a clear runway to higher income without repositioning the asset.
The portfolio's downtown-Lawrence setting places residents within walking distance of Essex Street retail, Lawrence General Hospital, and Northern Essex Community College, with commuter rail and Interstate 495 close at hand. 348-350 & 352-354 Haverhill Street offers a stabilized value-add multifamily investment in a dense, renter-majority Merrimack Valley city — durable, income-producing housing with current rents below market and a straightforward path to lifting them over time.
Please reach out to the deal contacts for more information.
Property Facts
| Price | $3,844,609 CAD | Number of Properties | 2 |
| Price / SF | $331.03 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.49% | Total Building Size | 11,614 SF |
| Sale Type | Investment | Total Land Area | 0.30 AC |
| Status | Active |
| Price | $3,844,609 CAD |
| Price / SF | $331.03 CAD / SF |
| Cap Rate | 6.49% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,614 SF |
| Total Land Area | 0.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 352-354 Haverhill St, Lawrence, MA 01840 | Multifamily | 6,789 SF | 1920 | - |
| 348-350 Haverhill St, Lawrence, MA 01840 | Multifamily | 4,825 SF | 1920 | - |
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Contacts
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Drew Kirkland -
James Casey -
Francis Saenz -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Haverhill Street Apartments
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