Newer-Construction Multifamily with
For Sale
$4,899,000
108 Harrison St, Haverhill, MA 01830
17-unit multifamily with modern loft-style units, on-site laundry, 32 off-street parking spaces, and separately metered utilities.
Property Size21,200 SF
Price / SF$231.08
Days on Market108
Property Features for 108 Harrison St
General Information
Standard status
Active
Size
21,200 SF
Total Parking Spaces
30
Property subtype
Multi-Family
Zoning
Res
Net Operating Income
$359,046
Additional Details
Highway Access
Yes
Multifamily Units
17
Taxes and HOA fees
Annual Taxes
$28,487
Building Details
Building Size
21,200 SF
Year Built
2020
Stories
6
Tenancy
Multi
Listing Agency:
Northeast Development & Investment, Inc.
(508) 845-7999
Listed By:
Andrew Haddad
(508) 889-5962
Source:
Churchillprop
Added: Jun 20
Changed: Oct 1
Last Checked: Oct 4 at 8:13AM
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 Northeast Development & Investment, Inc.
Investment Insights
Based on property information with market context.
Harrison Lofts is a newer-construction (2020) 17-unit multifamily property that includes four duplexes, offering a diversified unit mix from studio through 4-bedroom layouts. Units feature modern finishes, stainless steel appliances, and an industrial loft design. Operational conveniences include on-site laundry and 32 off-street parking spaces. Utilities are separately metered with gas and electric for each unit, and each unit has an individual on-demand hot water heater.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,376
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,447,520
$6.4M
Cap Rate 7%
$4,605,371
$4.6M
Cap Rate 9%
$3,581,956
$3.6M
Market Conditions
NOI Build-Up for 21,200 SF
Gross rent
$610.6K $28.80/SF
− Vacancy
−$24.4K −$1.15/SF
EGI
$586.1K $27.65/SF
− OpEx
−$263.8K −$12.44/SF
NOI
$322.4K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,447,520
Cap Rate 7%
$4,605,371
Cap Rate 9%
$3,581,956
Alternative Uses
Best Use
Apartment 5plus
$4.61M
$4.03M – $5.37M
NOI $322,376 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.55M
$10.98M – $14.64M
NOI $878,523 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,876
Businesses Nearby
Explore this area
Business Placement
Demographics for 01830, MA
27,553
Population
11,159
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
89%
High-School Grad
13.9 sq mi
ZIP Area
1,982
Density / Sq Mi
$79,784
Median Household Income
$49,289
Median Earnings
$1,602
Median Rent
$436,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 17-unit multifamily with modern loft-style units, on-site laundry, 32 off-street parking spaces, and separately metered utilities.
Where is this apartment building located?
The property is located at 108 Harrison St Haverhill, MA.
What is the asking price?
The asking price for this property is $4,899,000.
What are key features of this property?
This property features: 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
