Active Under Contract

9 Days on market

66 Observatory Avenue Haverhill — Photo 1 of 42

$550,000

Investment Analysis — 66 Observatory Avenue

Haverhill, MA 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 3.57% cap rate and $19,649/yr in estimated NOI at the $550,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,008

Style

Single Family

Built

1985

Bright and airy is how you'd describe this meticulously maintained raised ranch with an AMAZING lot and in a great location! Front entry leads to the living room with hardwood floors, dining room with slider leading to the back deck and the kitchen has beautiful cabinets and stainless steel appliances. The great room with vaulted ceiling has lots of windows, slider leading to the back deck and an entrance to the front porch and driveway. There are 3 bedrooms with hardwood floors and a full bath. FABULOUS lower level with a guest bedroom, gathering room with wood stove, sewing room, 3/4 bath with laundry, bulkhead and a spacious utility room. The lot is flat and partially fenced in, there is a shed and garden area along with spectacular perennials gardens throughout the property. Gazebo area is the perfect spot to relax and take in the beauty this property has to offer! Don't miss your chance to be the next owner of this very special home!

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 2,008 sq ft principal dwelling). Lot size: 12,196 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.