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    151 Franklin St Haverhill, MA 01830

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    For Sale
    $999,999

    Turnkey five-unit multifamily property generating approximately $115,000 annual income.

    Lot size:
    0.14 Acres

    Property Features for 151 Franklin St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1900

    Source: J. Borstell Real Estate, Inc. Agent Lorenzo Micali

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Unit Multifamily Investment Opportunity

    This is a five-unit multifamily property suitable for investment. The property is fully tenanted at will and generates approximately $115,000 in annual income. The unit mix comprises four two-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit. Lead certifications are in hand. All utilities are separately metered, including water. An on-site washer and dryer are available for tenant use. The property provides ample off-street parking, with each tenant having a designated space for one vehicle.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0829933
    Latitude
    42.7820414

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    FAQs

    What type of property is this?
    Apartment building - Turnkey five-unit multifamily property generating approximately $115,000 annual income.
    Where is this apartment building located?
    The property is located at 151 Franklin St Haverhill, MA.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: - Generates approximately $115,000 in annual income.; - Turnkey 5-unit multifamily property.; - All utilities are separately metered, including water.
    (617) 777-4500
    Request Owner's contact information
    151 Franklin St Haverhill, MA 01830
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    Haverhill, MA 01830
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    Realmo Value Estimation

    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.

    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.

    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
    151 Franklin St Haverhill, MA 01830
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