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    425 South Main St Haverhill, MA 01385

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    For Sale
    $1,500,000

    Turnkey, fully leased 8-unit historic property with modern upgrades.

    Lot size:
    0.32 Acres

    Property Features for 425 South Main St

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1885

    Source: Gray Property Group, LLC Agent Brett Berger

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

    Overview

    Historic Italianate Mansion: 8 Units

    This distinguished Italianate mansion, built in the 1890s and located in Bradford, features eight spacious units. The unit mix includes five studio apartments and three one-bedroom apartments, each offering character and modern convenience. The property has undergone extensive capital improvements, including separate electric service for all units, a new steam heating system with a steel chimney, newer water heaters, significant plumbing upgrades, and newer windows. Original hardwood floors are present throughout the building. Ample on-site parking is available, with additional guest spaces. All units are fully leased, providing an opportunity to add a turnkey property to your portfolio.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -71.0847265
    Latitude
    42.7643993

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, fully leased 8-unit historic property with modern upgrades.
    Where is this apartment building located?
    The property is located at 425 South Main St Haverhill, MA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Turnkey, fully leased 8-unit property providing immediate income.; - Extensive capital improvements: separate electric service for all units, new steam heating, newer water heaters, plumbing upgrades, newer windows.; - Ample on-site parking with additional guest spaces.
    (914) 299-4438
    Request Owner's contact information
    425 South Main St Haverhill, MA 01385
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    Haverhill, MA 01385
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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
    425 South Main St Haverhill, MA 01385
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