Newer-Construction Multifamily with
108 Harrison Street, Haverhill, MA 01830
17-unit multifamily with modern loft-style units, on-site laundry, 32 off-street parking spaces, and separately metered utilities.
Type:Multi-family
Property size:
21,200 SFPrice / SF:
$231/SF- Added:
- Dec 4, 2025
- Days on Market:
- 205
- Last Refresh:
- Jun 21 at 1:49 am
Property Features for 108 Harrison Street
General Information
- Standard status
- Active
- Size
- 21,200 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2020
Listing office Northeast Development & Investment,Inc.
Listing date Dec 4, 2025
Source Sredboston
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Northeast Development & Investment,Inc.
HighLights
- 17‑unit multifamily property built in 2020
- Unit mix includes studios through 4‑bedroom apartments, with 4 duplexes totaling 17 units
- Modern interiors with stainless steel appliances and industrial loft design
- On‑site laundry plus 32 off‑street parking spaces
- Separately metered gas and electric for each unit, including individual on‑demand hot water heaters
- Reported gross annual income of approximately $427,000 ($35,620/month)
Overview
Harrison Lofts is a newer-construction (2020) 17-unit multifamily property that includes four duplexes, offering a diversified unit mix from studio through 4-bedroom layouts. Units feature modern finishes, stainless steel appliances, and an industrial loft design. Operational conveniences include on-site laundry and 32 off-street parking spaces. Utilities are separately metered with gas and electric for each unit, and each unit has an individual on-demand hot water heater.
The property is located minutes from I-495, commuter rail, and downtown Haverhill amenities, supporting resident access to regional and local transportation options.
For investors or owner-operators, the combination of modern construction, consistent unit design, and separately metered utilities is well suited to buyers seeking a manageable, fully residential income stream. With 17 units arranged across multiple configurations, the property provides flexibility for tenant demand across smaller and larger households, while the on-site amenities and dedicated parking support day-to-day livability. The asset is currently producing approximately $427,000 in gross annual income.
The property is located minutes from I-495, commuter rail, and downtown Haverhill amenities, supporting resident access to regional and local transportation options.
For investors or owner-operators, the combination of modern construction, consistent unit design, and separately metered utilities is well suited to buyers seeking a manageable, fully residential income stream. With 17 units arranged across multiple configurations, the property provides flexibility for tenant demand across smaller and larger households, while the on-site amenities and dedicated parking support day-to-day livability. The asset is currently producing approximately $427,000 in gross annual income.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $610.6k | $28.80 |
| − Vacancy | −$24.4k | −$1.15 |
| EGI | $586.1k | $27.65 |
| − OpEx | −$263.8k | −$12.44 |
| NOI | $322.4k | $15.21 |
21,200 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.61M
$4.03M – $5.37M
NOI $322,376 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.55M
$10.98M – $14.64M
NOI $878,523 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Haverhill
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0859777
- Latitude
- 42.7803146
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 17-unit multifamily with modern loft-style units, on-site laundry, 32 off-street parking spaces, and separately metered utilities.
Where is this apartment building located?
The property is located at 108 Harrison Street Haverhill, MA.
What is the asking price?
The asking price for this property is $4,899,000.
What are key features of this property?
This property features: 17‑unit multifamily property built in 2020; Unit mix includes studios through 4‑bedroom apartments, with 4 duplexes totaling 17 units; Modern interiors with stainless steel appliances and industrial loft design
