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Haverhill Multifamily Investment Opportunity

34 Grand Ave, Haverhill, MA 01830

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For Sale

$1,500,000

Value-add multifamily property near downtown Haverhill and MBTA station.

Type:Multifamily

Property size:

6,313 SF

Price / SF:

$237/SF

HighLights

Value‑add opportunity: Rents are 15% below market, allowing for increased rental income.
Convenient location: Only 0.4 miles from downtown Haverhill and the MBTA station, providing easy access to transportation and amenities.
Updated common areas: Hallways and common areas have been upgraded to a modern look.
Mix of unit types: Offers a variety of floor plans, including studio, one‑bedroom, two‑bedroom, and three‑bedroom units.
Recent heating system: New heating system installed in February 2025.
Coinless laundry income.

We can help!

Contact an agent

Brad Carlson

For Sale

$1,500,000

Value-add multifamily property near downtown Haverhill and MBTA station.

Type:Multifamily

Property size:

6,313 SF

Price / SF:

$237/SF

Added:: Nov 25, 2025
Days on Market:: 223
Last Refresh:: May 19 at 10:43 pm

Property Features for 34 Grand Ave

General Information

Standard status: Active
Size: 6,313 SF
Property subtype: Multifamily

Building Details

Year Built: 1900

We can help!

Contact an agent

Brad Carlson

Listing office New England Realty Advisors LLC

Listing date Nov 25, 2025

Source Nerealtyadvisors

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 New England Realty Advisors LLC

HighLights

Value‑add opportunity: Rents are 15% below market, allowing for increased rental income.
Convenient location: Only 0.4 miles from downtown Haverhill and the MBTA station, providing easy access to transportation and amenities.
Updated common areas: Hallways and common areas have been upgraded to a modern look.
Mix of unit types: Offers a variety of floor plans, including studio, one‑bedroom, two‑bedroom, and three‑bedroom units.
Recent heating system: New heating system installed in February 2025.
Coinless laundry income.

Overview

The Grand Ave Apartments in Haverhill, MA, offer a multifamily investment opportunity. The property includes 10 units with studio, one-bedroom, two-bedroom, and three-bedroom floor plans. Current rents are 15% below market, presenting a value-add opportunity for investors to increase rents without significant capital improvements. Half of the units have been renovated with updated kitchens and bathrooms. Units 2, 4, 6 & 7 have bathrooms designated for each unit located in the hallway. The property is 0.4 miles from downtown Haverhill and the MBTA station. All hallways and common areas have been upgraded to a modern look. A new heating system was installed in February of 2025. The property provides coinless laundry income. Haverhill is located in Essex County along the Merrimack River, approximately 35 miles north of Boston and near the New Hampshire border. The city offers a mix of urban and suburban characteristics, a revitalizing downtown area, historical landmarks, and recreational opportunities along the river and in parks like Winnekenni Park. The property size is 6,313 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$181.8k	$28.80
− Vacancy	−$7.3k	−$1.15
EGI	$174.5k	$27.65
− OpEx	−$78.5k	−$12.44
NOI	$96.0k	$15.21

6,313 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,998 @ 7.0% cap · market cap 6.40%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.74M

$3.27M – $4.36M (±1% cap)

NOI $261,609 @ 7.0% cap · market cap 17.44%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Haverhill
County: Essex
State: Massachusetts
Longitude: -71.0837
Latitude: 42.7768

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For sale
Apartment buildings
MA
Haverhill
01830
34 Grand Ave

What type of property is this?

Apartment building - Value-add multifamily property near downtown Haverhill and MBTA station.

Where is this apartment building located?

The property is located at 34 Grand Ave Haverhill, MA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Value‑add opportunity: Rents are 15% below market, allowing for increased rental income.; Convenient location: Only 0.4 miles from downtown Haverhill and the MBTA station, providing easy access to transportation and amenities.; Updated common areas: Hallways and common areas have been upgraded to a modern look.