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.
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 Nov 22, 2025
Source Sredboston
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Investment Insights
Based on property information with market context.
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.
Key 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
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 |
