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    Renovated Multi-Family Investment Opportunity Title is generated by Realmo AI

    2 & 6 Perkins Place, Haverhill, NH 03785

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    Claim this Listing
    For Sale
    $1,050,000

    Multi-Family - Haverhill, NH

    Property size:
    6,408 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $163/SF
    Added:
    Feb 23, 2026
    Days on Market:
    83
    Last Refresh:
    May 17 at 5:06 am

    Property Features for 2 & 6 Perkins Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    350 WO
    Rooms
    Basement
    Parking features
    Paved or Surfaced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    6,408 SF
    Lot size
    0.63 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10726

    Utilities

    Heating system
    Electric (Heating), Propane (Heating)
    Cooling system
    Zoned

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Vinyl
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Keegan Rice

    Listing agent Keegan Rice

    Listing office Badger Peabody & Smith Realty 383 Main St., Franconia, NH

    Listing date Feb 23, 2026

    MLS# 5077329 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated 9‑unit multi‑family property with strong, stable cash flow.
    • High‑quality renovations with granite countertops, stainless steel appliances, and luxury vinyl plank flooring.
    • Individually metered units with tenants responsible for electric/heat, ensuring predictable expense management.
    • Includes a neighboring .11‑acre lot, offering potential for future use or expansion.
    • No known impending capital improvement needs due to comprehensive renovation.
    • Secure, locked basement storage units for each apartment and coin‑operated laundry facility for additional income.

    Overview

    Located in Woodsville, NH, the property known as The Brick Manor features nine renovated units, including seven one-bedroom and two two-bedroom apartments. Each unit features ten-foot ceilings, luxury vinyl plank flooring, solid wood-core craftsman doors, and spacious living areas. Kitchens and baths include granite countertops and vanity tops, stainless steel appliances, and contemporary finishes. All units are individually metered, with tenants responsible for their own electric and heat. Efficient mini-split HVAC systems provide year-round comfort. Tenants have access to secure, locked basement storage units, and a coin-operated laundry facility generates additional income. The sale includes the neighboring 0.11-acre lot, offering flexibility and potential for future use or expansion. The 6,408 square foot property is located on a 0.63-acre lot. The property is zoned 350 WO. There are no known impending capital improvement needs. The quality of construction and finish creates a competitive edge in maintaining occupancy and rental stability.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $647.3K
    NOI $58,258 @ 9.00% cap · cautious / downside scenario
    Moderate
    $832.3K
    NOI $58,258 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.17M
    NOI $58,258 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $111.5k $17.40
    − Vacancy −$5.6k −$0.87
    EGI $105.9k $16.53
    − OpEx −$47.7k −$7.44
    NOI $58.3k $9.09
    6,408 SF · lease $17.40/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $832.3K
    $728.2K – $971.0K (±1% cap)
    NOI $58,258 @ 7.0% cap · market cap 5.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.41M
    $1.23M – $1.64M (±1% cap)
    NOI $98,670 @ 7.0% cap · market cap 9.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Haverhill
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.8999
    Latitude
    44.1173

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated 9-unit property in Haverhill, NH with strong cashflow.
    Where is this apartment building located?
    The property is located at 2 & 6 Perkins Place Haverhill, NH.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Fully renovated 9‑unit multi‑family property with strong, stable cash flow.; High‑quality renovations with **granite countertops, stainless steel appliances, and luxury vinyl plank flooring.**; Individually metered units with tenants responsible for electric/heat, ensuring predictable expense management.
    (603) 823-5700
    We can help!
    Listing Contact
    Keegan Rice
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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