Two-Family Residential Income
14 Norfolk St Haverhill, MA 01830
For Sale
$699,900
Pending
Two-family home on a quiet dead-end street with shared laundry and a spacious yard for outdoor living.
Property Size2,085 SF
Days on Market53
Property Features for 14 Norfolk St
General Information
- Standard status
- Pending
- Size
- 2,085 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing Agency:
Lamacchia Realty, Inc.
(978) 427-2305
Listed By:
Lisa Gray
(978) 427-2305
Source:
Lockandkeyre
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 26 at 1:52PM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
14 Norfolk St is a two-family (duplex) residence designed for flexible occupancy, with separate units and living spaces that receive natural light. The property includes a shared laundry room for everyday convenience. Outside, there is a generous yard with a dedicated outdoor entertaining area and a swing set, supporting both day-to-day use and seasonal gatherings.
Set on a quiet dead-end street in an established Haverhill neighborhood, the home offers straightforward access to local shops, dining, schools, and major commuter routes. The surrounding area supports both owner-occupants and tenants who value proximity to everyday needs and transportation options.
This duplex can suit an owner-occupant seeking to live in one unit while renting the other, or an investor looking for a residential income property with shared common amenities and outdoor space. The combination of interior separation, shared laundry, and usable yard area makes it a practical option for a range of residential leasing goals, without requiring major lifestyle tradeoffs.
Set on a quiet dead-end street in an established Haverhill neighborhood, the home offers straightforward access to local shops, dining, schools, and major commuter routes. The surrounding area supports both owner-occupants and tenants who value proximity to everyday needs and transportation options.
This duplex can suit an owner-occupant seeking to live in one unit while renting the other, or an investor looking for a residential income property with shared common amenities and outdoor space. The combination of interior separation, shared laundry, and usable yard area makes it a practical option for a range of residential leasing goals, without requiring major lifestyle tradeoffs.
Key Highlights
- Two‑family home built in 1900 on a quiet dead‑end street
- Shared laundry room for both units
- Spacious yard with a dedicated outdoor entertaining area
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 | $52.5k | $25.20 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $50.2k | $24.07 |
| − OpEx | −$15.1k | −$7.22 |
| NOI | $35.1k | $16.85 |
2,085 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.8K
$439.1K – $585.4K
NOI $35,124 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$452.9K
$396.3K – $528.4K
NOI $31,705 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,402 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home on a quiet dead-end street with shared laundry and a spacious yard for outdoor living.
Where is this duplex located?
The property is located at 14 Norfolk St Haverhill, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family home built in 1900 on a quiet dead‑end street; Shared laundry room for both units; Spacious yard with a dedicated outdoor entertaining area
