Mixed-Use Building with
361-363 Washington St, Haverhill, MA 01832
For Sale
New
$649,900
A four-bedroom residence occupies the upper floors above a ground-level commercial space, with separate utilities.
Property Size3,325 SF
Price / SF$195.46
Days on Market4
Property Features for 361-363 Washington St
General Information
Standard status
Size
Property subtype
Site & Location
Corner Location
Mixed-Use Components
Building Details
Year Built
Listing Agency:
Samantha Mcintire, Keller Williams Gateway Realty
Listed By:
Linda Hayes · License #454000899
(781) 605-8805
Source:
Hayeshouseandhome
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 7 at 4:49AM
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 Samantha Mcintire, Keller Williams Gateway Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property pairs a first-floor commercial storefront with an upstairs four-bedroom apartment arranged across two floors. Hardwood floors feature in the residence, which also has a private side yard. The property has been renovated and includes vinyl siding, a paved driveway, and separate utilities.
Set on a corner lot, the property offers customer and private parking. Downtown Haverhill is a few minutes away.
Set on a corner lot, the property offers customer and private parking. Downtown Haverhill is a few minutes away.
Key Highlights
- First‑floor commercial storefront
- Four‑bedroom, two‑floor apartment with hardwood floors
- Separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,631
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,620
$1.1M
Cap Rate 7%
$780,443
$780.4K
Cap Rate 9%
$607,011
$607.0K
Market Conditions
NOI Build-Up for 3,325 SF
Gross rent
$79.8K $24.00/SF
− Vacancy
−$1.8K −$0.53/SF
EGI
$78.0K $23.47/SF
− OpEx
−$23.4K −$7.04/SF
NOI
$54.6K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,620
Cap Rate 7%
$780,443
Cap Rate 9%
$607,011
Alternative Uses
Best Use
Mixed Use
$961.9K
$841.6K – $1.12M
NOI $67,331 @ 7.0% cap · market cap 10.36%
Second Best
Retail
$780.4K
$682.9K – $910.5K
NOI $54,631 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,787 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,305 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
2,088 visits/mo
0.3 miles
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
$410,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Essex County, MA
Properties on Market for Mixed-use properties in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A four-bedroom residence occupies the upper floors above a ground-level commercial space, with separate utilities.
Where is this mixed-use property located?
The property is located at 361-363 Washington St Haverhill, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: First‑floor commercial storefront; Four‑bedroom, two‑floor apartment with hardwood floors; Separate utilities
