Three-Unit Residential
New
For Sale
$739,900
99 Laurel Ave, Haverhill, MA 01835
Three three-bedroom apartments feature separate utilities, with the first-floor residence updated and set to be delivered vacant.
Property Size3,651 SF
Price / SF$202.66
Days on Market6
Property Features for 99 Laurel Ave
General Information
Standard status
Active
Size
3,651 SF
Property subtype
Residential Income
Zoning
RES
Net Operating Income
$66,000
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,480
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
3,651 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Lyv Realty
Listed By:
The Decotis Group
(978) 210-3030
Source:
Laerrealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 6:40AM
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 Lyv Realty
Investment Insights
Based on property information with market context.
Built in 1900, this 3,651-square-foot triplex contains three apartments, each with three bedrooms, separate utilities and washer and dryer hookups. The first-floor unit has been updated with modern finishes and is scheduled for delivery vacant. Zoning is RES.
The property is at 99 Laurel Ave in Haverhill, with access to major highways, commuter rail, shopping, dining and everyday services.
The property is at 99 Laurel Ave in Haverhill, with access to major highways, commuter rail, shopping, dining and everyday services.
Key Highlights
- Three apartments, each with three bedrooms
- 3,651 square feet; built in 1900
- Separate utilities and in‑unit washer and dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,505
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,100
$1.2M
Cap Rate 7%
$878,643
$878.6K
Cap Rate 9%
$683,389
$683.4K
Market Conditions
NOI Build-Up for 3,651 SF
Gross rent
$92.0K $25.20/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$87.9K $24.07/SF
− OpEx
−$26.4K −$7.22/SF
NOI
$61.5K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,100
Cap Rate 7%
$878,643
Cap Rate 9%
$683,389
Alternative Uses
Best Use
Multifamily LT 5
$878.6K
$768.8K – $1.03M
NOI $61,505 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$793.1K
$694.0K – $925.3K
NOI $55,519 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,297 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 01835, MA
14,578
Population
5,702
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
1,869
Density / Sq Mi
$108,275
Median Household Income
$52,837
Median Earnings
$1,747
Median Rent
$431,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three three-bedroom apartments feature separate utilities, with the first-floor residence updated and set to be delivered vacant.
Where is this triplex located?
The property is located at 99 Laurel Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Three apartments, each with three bedrooms; 3,651 square feet; built in 1900; Separate utilities and in‑unit washer and dryer hookups in each unit
