Triplex with
For Sale
$700,000
16 Gilbert Avenue, Haverhill, MA 01832
Three residential units provide matching two-bedroom, one-bath layouts with flexible occupancy potential.
Property Size2,500 SF
Price / SF$280
Days on Market80
Property Features for 16 Gilbert Avenue
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-family
Building Details
Year Built
1910
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
Listed By:
Charlotte Marrocco-Mohler
(617) 216-8003
Source:
Ballowhutchinsonrealestate
Added: Jul 23
Changed: Oct 10
Last Checked: Oct 10 at 1:09AM
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 Berkshire Hathaway HomeServices Verani Realty
Investment Insights
Based on property information with market context.
Built in 1910, this triplex includes three residential units with consistent layouts of four rooms, two bedrooms, and one bathroom per unit. The property also features a one-car garage and off-street parking. Bright interior spaces and ample natural light are present throughout the three levels, supporting comfortable residential use.
Located in Haverhill, Massachusetts, the property is approximately a 12-minute walk from the Haverhill MBTA Commuter Rail station and offers access to Interstate 495. WalkScore is 56, BikeScore is 31, and TransitScore is 31. The configuration supports multi-generational living, rental use, or a combination of both.
Located in Haverhill, Massachusetts, the property is approximately a 12-minute walk from the Haverhill MBTA Commuter Rail station and offers access to Interstate 495. WalkScore is 56, BikeScore is 31, and TransitScore is 31. The configuration supports multi-generational living, rental use, or a combination of both.
Key Highlights
- Three‑unit residential property with four rooms, two bedrooms, and one bathroom in each unit
- One‑car garage plus off‑street parking
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,116
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,320
$842.3K
Cap Rate 7%
$601,657
$601.7K
Cap Rate 9%
$467,956
$468.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$63.0K $25.20/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$60.2K $24.07/SF
− OpEx
−$18.0K −$7.22/SF
NOI
$42.1K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,320
Cap Rate 7%
$601,657
Cap Rate 9%
$467,956
Alternative Uses
Best Use
Multifamily LT 5
$601.7K
$526.5K – $701.9K
NOI $42,116 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,599 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 01832, MA
25,656
Population
10,735
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
11.4 sq mi
ZIP Area
2,251
Density / Sq Mi
$81,141
Median Household Income
$47,151
Median Earnings
$1,612
Median Rent
$410,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide matching two-bedroom, one-bath layouts with flexible occupancy potential.
Where is this triplex located?
The property is located at 16 Gilbert Avenue Haverhill, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑unit residential property with four rooms, two bedrooms, and one bathroom in each unit; One‑car garage plus off‑street parking; Built in 1910
