April 15, 2025 – Spencer Norton and Stephen Girolamo of Horvath & Tremblay have successfully completed the sale of a 7-unit Mixed-use property in Haverhill, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,425,000. This represents a price of $203,571 per unit.
The mixed-use property is located at 98-100 River Street in Haverhill, Massachusetts. The Property is improved by a three-story building with seven (7) units consisting of one (1) commercial unit leased to Upscale Cutz Barbershop, and six (6) residential units comprised of two (2), 3-Bedroom/1-Bathroom units and four (4), 2-Bedroom/1-Bathroom units with 6,804 square feet of living area in 11,892 square feet of gross area on a 0.111-acre parcel of land. The Property also features an on-site laundry facility. The Property is in a mixed-use neighborhood on the western edge of downtown Haverhill. 98-100 River Street is within walking distance of the area’s national and local retailers (Walgreens, CVS, Market Basket, Family Dollar, 7-Eleven, Sam’s Food Stores), restaurants (KFC, Domino’s, Dunkin’), employment opportunities, and entertainment amenities. The Property is within walking distance of several municipal bus stops and is seconds (0.2-miles) from the Haverhill Train Station. The Property also benefits from its proximity to Merrimack/Washington Street (MA Route 113), Main Street (MA-125), and Winter Street (MA-97), the area’s primary commercial and commuter corridors. Additionally, the Property enjoys convenient access to Interstate 495 (1.8-miles). Haverhill is centrally located in Essex County and is roughly 35 miles north of Boston.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.