Two-Family
For Sale
Under Contract
$599,900
60 Franklin St, Haverhill, MA 01830
Residential Income, Haverhill, MA
Property Size2,903 SF
Lot Size0.09 Acres
Price / SF$206.65
Days on Market15
Property Features for 60 Franklin St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking
4
Directions
GPS to Franklin Street
Standard status
Active Under Contract
APN
M:0305 B:00071 L:13,1922285
Size
2,903 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6985
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty Evolution
(978) 992-4050
Listed By:
Keller Williams Realty Evolution
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 25 at 10:06AM
MLS# 73561842
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,903 square feet with seven bedrooms and three bathrooms across its residential layout. Built in 1900, the property requires cosmetic updates, offering an existing structure suited to continued residential income use. The parcel encompasses 0.0868 acres and is identified with RES zoning.
The property is located at 60 Franklin St in Haverhill, Massachusetts, within Essex County and ZIP Code 01830. Parking is included, adding a practical feature for the two-unit arrangement. The room count includes seven bedrooms and three bathrooms, providing a substantial residential configuration for a duplex property.
The property is located at 60 Franklin St in Haverhill, Massachusetts, within Essex County and ZIP Code 01830. Parking is included, adding a practical feature for the two-unit arrangement. The room count includes seven bedrooms and three bathrooms, providing a substantial residential configuration for a duplex property.
Key Highlights
- Two‑family duplex configuration
- 2,903 square feet with 7 bedrooms and 3 bathrooms
- 0.0868‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$978,100
$978.1K
Cap Rate 7%
$698,643
$698.6K
Cap Rate 9%
$543,389
$543.4K
Market Conditions
NOI Build-Up for 2,903 SF
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.
Gross rent
$73.2K $25.20/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$69.9K $24.07/SF
− OpEx
−$21.0K −$7.22/SF
NOI
$48.9K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$978,100
Cap Rate 7%
$698,643
Cap Rate 9%
$543,389
Alternative Uses
Best Use
Multifamily LT 5
$698.6K
$611.3K – $815.1K
NOI $48,905 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$630.6K
$551.8K – $735.7K
NOI $44,144 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,300 @ 7.0% cap · market cap 20.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 01830, MA
27,553
Population
11,159
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
89%
High-School Grad
13.9 sq mi
ZIP Area
1,982
Density / Sq Mi
$79,784
Median Household Income
$49,289
Median Earnings
$1,602
Median Rent
$436,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with seven bedrooms, three bathrooms, parking, and a two-unit configuration.
Where is this duplex located?
The property is located at 60 Franklin St Haverhill, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑family duplex configuration; 2,903 square feet with 7 bedrooms and 3 bathrooms; 0.0868‑acre lot
