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11 Days on market

15 Hannan Ridge Rd Haverhill — Photo 1 of 42

$799,000

Investment Analysis — 15 Hannan Ridge Rd

Haverhill, MA 01832 — Zip 01832

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01832 carries an estimated $2,690/mo in gross rent — about a 2.18% cap rate and $17,451/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,388

Style

Single Family

Built

1987

At the top of Parsonage Hill Estates, this 3-bedroom, 2.5-bath Colonial sits on almost an acre, with a backyard that gives way to protected conservation land and walking trails. Inside, the great room draws you in with its cathedral ceiling, exposed beam, skylights and stone fireplace. For a quieter place to settle in, there’s a separate family room with a fireplace of its own. The eat-in kitchen works for everyday meals, while the formal dining room has room for the whole crowd. A dedicated office offers a place to close the door and focus. The primary bedroom includes a walk-in closet and private bath. A partially finished basement offers space for a game room, gym or workshop. First-floor laundry, a generator hookup and an attached 2-car garage add everyday convenience. Out back, the screened porch overlooks the yard and extends the outdoor season from spring through fall.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,388 sq ft principal dwelling). Lot size: 40,123 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.