Duplex With Large
For Sale
$724,900
Pending
829 W Lowell Ave, Haverhill, MA 01832
Two separate units and a private creek complement the property’s wooded setting.
Property Size4,196 SF
Lot Size1.00 Acre
Days on Market56
Property Features for 829 W Lowell Ave
General Information
Standard status
Pending
Size
4,196 SF
Lot size
1.00 Acre
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,244
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
David Soto
(857) 756-2839
Source:
Exprealty
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 24 at 10:06PM
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 eXp Realty LLC - Corporate Office
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Investment Insights
Based on property information with market context.
Located at 829 W Lowell Ave, this duplex comprises two separate residential units within a home-style property. A large basement provides additional space that may support living or other uses, subject to applicable requirements. The property occupies approximately 1 acre and includes wooded areas, natural greenery, berry patches, and a private creek. Across the street, a vineyard contributes to the surrounding visual context. The combination of two-unit configuration, basement space, and outdoor features gives the property a distinct residential character.
Key Highlights
- Two separate residential units
- Large basement with potential for additional living or usable space
- Approximately 1 acre of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,806
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,120
$1.3M
Cap Rate 7%
$911,514
$911.5K
Cap Rate 9%
$708,956
$709.0K
Market Conditions
NOI Build-Up for 4,196 SF
Gross rent
$120.8K $28.80/SF
− Vacancy
−$4.8K −$1.15/SF
EGI
$116.0K $27.65/SF
− OpEx
−$52.2K −$12.44/SF
NOI
$63.8K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,120
Cap Rate 7%
$911,514
Cap Rate 9%
$708,956
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.6K – $1.18M
NOI $70,687 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$911.5K
$797.6K – $1.06M
NOI $63,806 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,881 @ 7.0% cap · market cap 23.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units and a private creek complement the property’s wooded setting.
Where is this duplex located?
The property is located at 829 W Lowell Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Two separate residential units; Large basement with potential for additional living or usable space; Approximately 1 acre of land
