Three-Unit Mixed-Use
New
For Sale
$749,000
101 Hilldale Avenue, Haverhill, MA 01832
Vacant at delivery, the property has two upper-floor apartments and a ground-floor office with potential for residential conversion.
Property Size3,324 SF
Price / SF$225.33
Days on Market6
Property Features for 101 Hilldale Avenue
General Information
Standard status
Active
Size
3,324 SF
Total Parking Spaces
5
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Office Units
1
Additional Details
Floor
1
Property Use
Office
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Century 21 North East
Listed By:
Scott Forte
(603) 690-0000
Source:
Jbarrettrealty
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
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Investment Insights
Based on property information with market context.
This 3,324-square-foot mixed-use building was constructed in 1900 and is delivered vacant. The second and third floors each contain a five-room apartment with three bedrooms and one bathroom. The ground floor, initially built as residential space, now serves as an office; conversion to another apartment would require buyer due diligence. A full basement, vinyl siding and a front porch are also part of the property.
The building occupies a corner lot in Haverhill, Massachusetts, with five off-street parking spaces. Nearby context includes commuter rail service, highway access, parks and medical facilities.
The building occupies a corner lot in Haverhill, Massachusetts, with five off-street parking spaces. Nearby context includes commuter rail service, highway access, parks and medical facilities.
Key Highlights
- Three mixed‑use units; delivered vacant
- Two upper‑level apartments, each with 5 rooms, 3 bedrooms and 1 bath
- Ground‑floor office space was originally residential and may be evaluated for conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,311
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,220
$1.3M
Cap Rate 7%
$961,586
$961.6K
Cap Rate 9%
$747,900
$747.9K
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$119.7K $36.00/SF
− Vacancy
−$12.0K −$3.60/SF
EGI
$107.7K $32.40/SF
− OpEx
−$40.4K −$12.15/SF
NOI
$67.3K $20.25/SF
Area
Essex County, MA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,220
Cap Rate 7%
$961,586
Cap Rate 9%
$747,900
Alternative Uses
Best Use
Mixed Use
$961.6K
$841.4K – $1.12M
NOI $67,311 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$722.1K
$631.8K – $842.4K
NOI $50,546 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,746 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 01832, MA
25,656
Population
10,735
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
11.4 sq mi
ZIP Area
2,251
Density / Sq Mi
$81,141
Median Household Income
$47,151
Median Earnings
$1,612
Median Rent
$410,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant at delivery, the property has two upper-floor apartments and a ground-floor office with potential for residential conversion.
Where is this mixed-use property located?
The property is located at 101 Hilldale Avenue Haverhill, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three mixed‑use units; delivered vacant; Two upper‑level apartments, each with 5 rooms, 3 bedrooms and 1 bath; Ground‑floor office space was originally residential and may be evaluated for conversion
