Haverhill Street Apartments

Investment Overview

Northeast Private Client Group, Inc. is pleased to present 348-350 & 352-354 Haverhill Street, a 14-unit multifamily portfolio spread across two buildings built in 1920 in Lawrence, Massachusetts — the largest city in the Merrimack Valley, set on the north side of the Merrimack River about thirty miles north of Boston. The portfolio is offered at $2,785,000, a 6.50% cap on current income. The two buildings together hold fourteen apartments — five studios, seven one-bedrooms, and two two-bedroom units — a mix that tracks the deep, working-class rental demand of a city where the large majority of households rent. Tenants pay their own electricity, while ownership covers water and sewer, keeping the operating profile straightforward. Current rents sit below the local market, so marking each unit to market as leases turn creates a clear runway to higher income without repositioning the asset. The portfolio's downtown-Lawrence setting places residents within walking distance of Essex Street retail, Lawrence General Hospital, and Northern Essex Community College, with commuter rail and Interstate 495 close at hand. 348-350 & 352-354 Haverhill Street offers a stabilized value-add multifamily investment in a dense, renter-majority Merrimack Valley city — durable, income-producing housing with current rents below market and a straightforward path to lifting them over time. Please reach out to the deal contacts for more information.

Investment Highlights

• Below-Market Rents
• All 14 Units Occupied
• Tenants Pay Their Own Electric
• 1920 Two-Building Portfolio
• Central to the Merrimack Valley