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Haverhill Victorian Multi-Family Property

117-119 Portland Street Haverhill, MA 01830

Claim this Listing
For Sale
$1,200,000

Well-maintained 4-family Victorian in Haverhill with strong income potential.

Type:Multi-family / 4 Family
Property size:
4,376 SF
Price / SF:
$274.22/SF
Added:
May 6, 2026
Days on Market:
70
Last Refresh:
May 27 at 7:47 am

Property Features for 117-119 Portland Street

General Information

Standard status
Active
Size
4,376 SF
Property subtype
Multi-family / 4 Family

Building Details

Year Built
1900

Listing office NextGen Realty, Inc.

Listing date May 6, 2026

Source Compass

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 NextGen Realty, Inc.


Investment Insights

Based on property information with market context.

This well-maintained Victorian property, located in Haverhill, is a 4-family multi-family home offering income potential and a value-add opportunity. The property features spacious units with desirable layouts and period character. Currently, the property generates $8,000 per month in rental income. Each unit offers generous living space with separate utilities and efficient floor plans. The property has been well cared for and presents an opportunity for both investors and owner-occupants looking to build equity in a growing rental market. Conveniently located near downtown amenities, commuter routes, schools, and public transportation, this property combines historic charm with cash-flow fundamentals. The property size is 4,376 square feet.

Key Highlights

  • Strong income potential: Currently generating $8,000/month in rental income with additional upside.
  • Well‑maintained 4‑family Victorian: Classic multi‑family home with period character.
  • Spacious units with desirable layouts: Generous living space with separate utilities and efficient floor plans.

Local Financial Insights For Multifamily LT 5

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 $110.3k $25.20
− Vacancy −$5.0k −$1.13
EGI $105.3k $24.07
− OpEx −$31.6k −$7.22
NOI $73.7k $16.85
4,376 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.05M
$921.5K – $1.23M (±1% cap)
NOI $73,719 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$950.6K
$831.8K – $1.11M (±1% cap)
NOI $66,543 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M (±1% cap)
NOI $181,340 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

(Bike/Boat/Book/etc) Store Food Market Hotel & Motel Locksmith Grocery & Convenience Store Florist Storage Facility (Bike/Boat/Book/etc) Store Travel Agency Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Well-maintained 4-family Victorian in Haverhill with strong income potential.
Where is this quadplex located?
The property is located at 117-119 Portland Street Haverhill, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Strong income potential: Currently generating $8,000/month in rental income with additional upside.; Well‑maintained 4‑family Victorian: Classic multi‑family home with period character.; Spacious units with desirable layouts: Generous living space with separate utilities and efficient floor plans.
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