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Property profile & analytics
OFF-MARKET
Estimated value
$13,700,000
Investment properties
24 Essex St, Haverhill, MA 01832-5673
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US38-0595508
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
50,440 SF
Lot
0.27 ac (11,774 SF)
Zoning code
TY
APN
HAVE M:0301 B:00053 L:17
UPID
US38-0595508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Ellis Factory Apartment Building
-
Eye Candy Photography Studio (Bike/Boat/Book/etc) Store Photography Service
-
Body and Mind Escape by Zander Alternative Medicine Practice Spa & Massage Center
-
Reuss Medical Group Medical Group
-
Barkhurst Services Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.70M
CAP Approach
CAP
$15.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.70M
Owner & transaction history
Ellis Factory Lofts LP · 1 yrs held
Ellis Factory Lofts LP
since 2024
Last sale
$13.7M
6 recorded transactions
Zoning & alternative use
TY · Haverhill, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.4M
+215.4%
Apartment house (5+ units)
$16.1M
+192.2%
Auto repair, garage
$12.1M
+118.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Haverhill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haverhill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$13,700,000
ML approach
$13,700,000
CAP Approach
CAP Return
Estimation
6%
$17,025,000
6.5%
$15,715,000
7%
$14,590,000
Alternative Use
Use
Estimation
RESTAURANT
$17,410,000
Change: +215% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,130,000
Change: +192% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,080,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$11,285,000
Change: +104% · Conversion: Easy
Blend value · Realmo final
$13.70M
Range $12.33M – $15.07M · ±10% · vs last sale $13.70M (Oct 10 2024)
Last sale anchor
$13.70M
Oct 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$272 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$28,113
Tax year 2019
Assessed value
$7,494,439
Assessed 2024
Previous assessed
$7,494,439
+0.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$3,668,000
Assessed improvement
$3,826,439
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
7
Units
56
Rooms
154
Bathrooms
58
Total area
50,440 SF
Lot
0.27 ac (11,774 SF)
Zoning code
TY
APN
HAVE M:0301 B:00053 L:17
UPID
US38-0595508
Jurisdiction
HAVERHILL
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
TY · Haverhill, MA
Zoning TY · permitted uses
TY · Haverhill, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haverhill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$17.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$12.1M
OFFICE BUILDING
Est. value
$11.3M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
7
Buildings
1
Units
56
Rooms
154
Bathrooms
58
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ellis Factory Lofts LP
Entity
Mailing address
100 GALEN ST STE #301, WATERTOWN, MA 02472-4540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Ellis Factory Lofts LP
—
Deed
related
$7,225,000 · Eastern Bank
Oct 10, 2024
$13,700,000
Ellis Factory Lofts LP
16 Wingate Street LLC
Warranty Deed
—
Dec 14, 2017
—
16 Wingate Street LLC
—
Deed
related
$7,968,000 · Eastern Bank
Nov 18, 2015
$775,000
16 Wingate Street LLC
Ellis Trust
Quit Claim Deed
$675,000 · Diane G Falwell
Nov 18, 1997
$194,000
Richard D Falwell
Wingate Inds RT
Grant Deed
—
—
—
16 Wingate Street LLC
—
Deed Of Trust
related
$2,888,000 · Ma Historic Tax Cred
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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