
37 Riverdale Ave Haverhill — Photo 1 of 33
$879,000
Investment Analysis — 37 Riverdale Ave
Haverhill, MA 01835 — Bradford
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 2.09% cap rate and $18,372/yr in estimated NOI at the $879,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,520
Style
Single Family
Built
1940
Rare opportunity for private WATERFRONT living on the river! With 90 ft of riverfront set along a quiet stretch with limited docks and boat traffic, this property offers direct water access with a floating dock included—enjoy boating, kayaking, fishing or simply relaxing by the water from your own backyard. The 3-bedroom home offers spacious rooms, solid bones and plenty of potential to make it your own, along with upgrades including granite kitchen counters, efficient hydronic radiant floor heating in portions of the home and a tankless water heater. The first floor features four generously sized rooms with full bath, including a living room with wood-burning stove. Upstairs are 3 bedrooms and a second full bath; the front-to-back primary bedroom includes a walk-in closet. Outside, enjoy an inground pool with gazebo, garden area and blueberry and raspberry bushes, Concord and Chardonnay grapevines, and an Asian pear tree. A large covered deck with hot tub and natural gas grill expands the outdoor living space. An impressive detached garage offers workshop space, walk-up storage and a pool room. The semi-finished lower level in the home adds a wet bar and exercise area. A unique property with tremendous potential where waterfront access, recreation and privacy take center stage!
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 2,520 sq ft principal dwelling). Lot size: 26,288 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Refrigerator • Washer • Dryer • Water Softener • Instant Hot Water
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First23 x 13
Wood / Coal / Pellet Stove, Ceiling Fan(s), Flooring - Hardwood
Dining Room
Lvl First12 x 12
Ceiling Fan(s), Flooring - Hardwood
Kitchen
Lvl First13 x 12
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Peninsula
Family Room
Lvl First23 x 10
Ceiling Fan(s), Closet, Flooring - Hardwood, Deck - Exterior, Recessed Lighting
Primary Bedroom
Lvl Second23 x 12
Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second13 x 11
Bedroom 3
Lvl Second13 x 11
Ceiling Fan(s), Closet, Flooring - Vinyl
Bathroom 1
Lvl Second10 x 5
Bathroom - Full, Skylight, Flooring - Stone/Ceramic Tile, Double Vanity, Pocket Door
Bathroom 2
Lvl First7 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Dennis Marks
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73574832