Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Marion St Haverhill, MA 01832

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    Vacant, remodeled unit and tenant-occupied unit for sale.

    Lot size:
    0.06 Acres

    Property Features for 2 Marion St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.06 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Sam Sasso
    Source: Elliman

    Listing Agent: Sam Sasso

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

    Learn more

    Overview

    Remodeled Duplex with Income Potential

    This property features a vacant, remodeled second-floor unit with three bedrooms, ready for immediate occupancy. The first floor is tenant-occupied with a lease currently paying $2015 monthly. The property includes updated windows and a remodeled bathroom. The large eat-in kitchen features a new refrigerator. The unit has refinished hardwood floors and fresh paint throughout. A washer and dryer are located in the basement for both units, along with ample storage space. The attic offers the potential for finishing and adding bedrooms and living space to the second-floor unit. This property is suitable for residential income purposes.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0964596
    Latitude
    42.7691112

    Nearby Similar for Sale

    • New
      $525,000
      1,620 SF

      Mixed-Use Property in Haverhill, MA

      Mixed-use property with retail/office and residential units.
      219 River St, Haverhill, MA 01832
      View Details
    • Contact for pricing

      Freestanding Building Near Downtown

      Freestanding building located near downtown Haverhill, Massachusetts.
      356 Main St, Haverhill, MA 01835
      View Details
    • Contact for pricing

      Haverhill Retail Strip with Warehouse

      Fully leased retail strip with warehouse in Haverhill, MA.
      741 South Main St, Haverhill, MA 01835
      View Details
    • Contact for pricing
      Pending

      Haverhill Commercial Space For Sale

      Versatile commercial space in Haverhill, suitable for various uses.
      1 Ginty Blvd, Haverhill, MA 01830
      View Details
    • $1,700,000

      Haverhill Multifamily Investment Opportunity

      Eight-unit multifamily property near downtown Haverhill and commuter rail.
      85-87 Summer St, Haverhill, MA 01830
      View Details
    • $1,700,000

      Industrial Building in Haverhill, MA

      2,000-5,000 SF industrial building on 0.68 AC for sale.
      261 Primrose St, Haverhill, MA 01830
      View Details
    • $1,175,000

      Haverhill Apartments: Value-Add Potential

      Nine-unit apartment building in Haverhill with upgrade and expansion potential.
      17 Vine St, Haverhill, MA 01830
      View Details
    • $1,500,000

      Haverhill Multifamily Investment Opportunity

      Value-add multifamily property near downtown Haverhill and MBTA station.
      34 Grand Ave, Haverhill, MA 01830
      View Details

    FAQs

    What type of property is this?
    Duplex - Vacant, remodeled unit and tenant-occupied unit for sale.
    Where is this duplex located?
    The property is located at 2 Marion St Haverhill, MA.
    What are key features of this property?
    This property features: - Remodeled 2nd-floor unit with 3 bedrooms, move-in ready.; - First-floor tenant provides immediate rental income ($2015/month).; - Potential to finish the attic and expand the 2nd-floor unit.
    (617) 913-3357
    Request Owner's contact information
    2 Marion St Haverhill, MA 01832
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Marion St
    Haverhill, MA 01832
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2 Marion St Haverhill, MA 01832
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sam Sasso
    (617) 913-3357
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!