Updated Triplex in North
For Sale
$950,000
Pending
114 Haverhill St, North Reading, MA 01864
Rare, updated three-family property near schools and amenities.
Property Size2,925 SF
Days on Market356
Property Features for 114 Haverhill St
General Information
Standard status
Pending
Size
2,925 SF
Total Parking Spaces
6
Property subtype
Contingent
Zoning
RA
Taxes and HOA fees
Annual Taxes
$8,257
Building Details
Building Size
2,925 SF
Year Built
1940
Stories
3
Listing Agency:
Classified Realty Group
(978) 664-0075
Listed By:
Shawn McEntee
(617) 271-7937
Source:
Churchillprop
Added: Oct 15, 2025
Changed: Oct 1
Last Checked: Oct 4 at 8:11AM
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 Classified Realty Group
Investment Insights
Based on property information with market context.
This updated three-family property is located in North Reading, near Ryers, Flint Library, and Ipswich River Park, and one block from four schools (Hilltop Nursery School, Batch Elementary, Middle, and High Schools). The property includes laundry for each unit and six off-street parking spaces. It features newer heating and hot water systems, and new windows on the second floor. A new septic system will be installed by the seller. The sale includes a second lot behind the home, measuring 17,100 square feet; this lot is not subdividable.
Key Highlights
- Rare 3‑family property in a highly desirable North Reading location, steps from key amenities.
- Includes a second, large 17,100 sq ft lot behind the home.
- Completely updated units with individual laundry for each.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,894
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,880
$1.2M
Cap Rate 7%
$884,200
$884.2K
Cap Rate 9%
$687,711
$687.7K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$93.0K $31.80/SF
− Vacancy
−$4.6K −$1.57/SF
EGI
$88.4K $30.23/SF
− OpEx
−$26.5K −$9.07/SF
NOI
$61.9K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,880
Cap Rate 7%
$884,200
Cap Rate 9%
$687,711
Alternative Uses
Best Use
Multifamily LT 5
$884.2K
$773.7K – $1.03M
NOI $61,894 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$831.4K
$727.5K – $970.0K
NOI $58,198 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,211 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 01864, MA
15,554
Population
5,920
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,178
Density / Sq Mi
$150,820
Median Household Income
$70,981
Median Earnings
$2,253
Median Rent
$680,000
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
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Frequently Asked Questions
What type of property is this?
Triplex - Rare, updated three-family property near schools and amenities.
Where is this triplex located?
The property is located at 114 Haverhill St North Reading, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Rare 3‑family property in a highly desirable North Reading location, steps from key amenities.; Includes a second, large 17,100 sq ft lot behind the home.; Completely updated units with individual laundry for each.**
