14-Unit Apartment
New
For Sale
Contact for pricing
348-350 Haverhill Street, Lawrence, MA 01840
Two-building multifamily property with studio, one-bedroom, and two-bedroom apartments in downtown Lawrence.
Property SizeContact for details
Days on Market7
Property Features for 348-350 Haverhill Street
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Asking Price
$2,785,000
Cap Rate
6.5%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x studio, 7 x 1BR, 2 x 2BR
Multifamily Units
14
Building Details
Year Built
1920
Buildings
2
Listing Agency:
NorthEast Private Client Group Newton
Listed By:
Patrick Wheeler · License #9552789
(857) 990-6800
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 14 at 6:03AM
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 NorthEast Private Client Group Newton
Investment Insights
Based on property information with market context.
This 14-unit multifamily portfolio comprises two apartment buildings at 348-350 and 352-354 Haverhill Street in Lawrence, Massachusetts. Constructed in 1920, the properties contain five studio apartments, seven one-bedroom units, and two two-bedroom units. Residents pay their own electricity, while ownership covers water and sewer expenses.
The buildings are positioned in downtown Lawrence, within walking distance of Essex Street retail, Lawrence General Hospital, and Northern Essex Community College. Commuter rail and Interstate 495 are nearby, providing regional transportation access. Current income reflects a 6.50% cap rate, and existing rents are below local market levels as leases turn over.
The buildings are positioned in downtown Lawrence, within walking distance of Essex Street retail, Lawrence General Hospital, and Northern Essex Community College. Commuter rail and Interstate 495 are nearby, providing regional transportation access. Current income reflects a 6.50% cap rate, and existing rents are below local market levels as leases turn over.
Key Highlights
- 14‑unit portfolio across two apartment buildings
- Unit mix includes 5 studios, 7 one‑bedrooms, and 2 two‑bedrooms
- Buildings constructed in 1920
Property Analytics
Current Use
Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 01840, MA
7,121
Population
3,415
Households
2.1
Avg Household Size
36
Median Age
13%
College-Educated
69%
High-School Grad
0.5 sq mi
ZIP Area
14,242
Density / Sq Mi
$34,630
Median Household Income
$31,930
Median Earnings
$1,174
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily property with studio, one-bedroom, and two-bedroom apartments in downtown Lawrence.
Where is this apartment building located?
The property is located at 348-350 Haverhill Street Lawrence, MA.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: 14‑unit portfolio across two apartment buildings; Unit mix includes 5 studios, 7 one‑bedrooms, and 2 two‑bedrooms; Buildings constructed in 1920
