Investment Analysis — 301 Washington Street

Haverhill, MA 01830

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01830 carries an estimated $1,520/mo in gross rent — about a 3.32% cap rate and $9,292/yr in estimated NOI at the $279,900 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

1,916

Style

Single Family

Built

1920

Designated OPPORTUNITY ZONE could provide tremendous "Capital Gains Tax" exclusion to the BUYER of this multi-use HIGH PROFILE building located in a CN Com. Neighborhood Zone with frontage on 2 streets (a corner lot) between 2 major intersections close to the Downtown Train Station along w/FREE public transit. Former site of Community Action MAKE IT HAVERHILL. Current traffic count is approx 1000 cars a day, possibly destined to increase with the imminent closure of the Basiliere Bridge for rebuilding. This street level building contains approx 2000 sq ft of open space providing for VARIED uses. Easy Handicap entry along with 2 half baths (1 is handicap) and kitchen. Massive open basement approx 2000 sq ft provides for generous storage or expansion. Recent exterior refresh just the way you'd like it makes this property a standout in the area. PLEASE NOTE: This property may also be conducive to multiunit residential development with proper permits and variances obtained.

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 1,916 sq ft principal dwelling). Lot size: 2,613 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.