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422 Groveland St. Haverhill — Photo 1 of 38

$569,900

Investment Analysis — 422 Groveland St.

Haverhill, MA 01835

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01835 carries an estimated $2,690/mo in gross rent — about a 3.52% cap rate and $20,058/yr in estimated NOI at the $569,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,266

Style

Single Family

Built

1915

SPACE, CHARACTER & LOCATION! Welcome to a charming Riverside Colonial set on an impressive 0.5+ ACRE LOT with a HUGE YARD, two-car garage, and plenty of room to enjoy! Freshly refreshed and ready for its new loving owner, this inviting home offers the charm of a traditional Colonial with recent improvements that make it feel clean, bright, and move-in ready. The interior has been freshly painted, with wallpaper removed throughout, giving the home a fresh new look while preserving its classic character. Step through the enclosed front porch into a welcoming first floor featuring a traditional layout with a comfortable living room, dining room, and kitchen. The bright dining room showcases a bay window and built-in cabinetry, adding warmth and character. The kitchen offers convenient access to the rear deck and expansive backyard, making it easy to enjoy indoor and outdoor living. Upstairs, you'll find three comfortable bedrooms and a full bathroom, providing plenty of space for family, guests, or a home office. The outdoor space is a standout feature! Set on more than half an acre, the property offers an oversized yard with endless possibilities for entertaining, gardening, recreation, pets, or simply enjoying the privacy and space that is increasingly hard to find. A spacious deck, two-car garage, and storage shed add even more functionality. The home also features a newer gas Navien boiler, along with updated flooring and the recent interior refresh. The location? Extremely convenient. You're minutes from shopping plazas, major supermarkets, hardware stores, schools, and the medical facilities / Hospital, while Downtown Haverhill continues to offer a vibrant mix of restaurants, shops, entertainment, and local businesses. Easy highway access and nearby Riverside Park make commuting and recreation convenient.

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: 633 sq ft (the lesser of 900 sq ft or half the 1,266 sq ft principal dwelling). Lot size: 28,218 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.