Four-Unit Multifamily
For Sale
$950,000
162 S Pleasant St, Haverhill, MA 01835
Uniform apartment layouts, separately metered utilities, shared laundry, and off-street parking support practical operations.
Property Size4,818 SF
Price / SF$197.18
Days on Market8
Property Features for 162 S Pleasant St
General Information
Standard status
Active
Size
4,818 SF
Total Parking Spaces
2
Property subtype
4 Family
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
common-area laundry facilities
Building Details
Year Built
1890
Buildings
1
Listing Agency:
New England Realty Advisors LLC
(781) 334-8044
Listed By:
Bradford Carlson
(781) 334-8044
Source:
Lockandkeyre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 5 at 3:58AM
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 New England Realty Advisors LLC
Investment Insights
Based on property information with market context.
This 4,818-square-foot multifamily building contains four apartments, each configured with three bedrooms and one bathroom. The units share consistent layouts, while common-area laundry serves the property. Separately metered utilities include water and sewer, allowing utility responsibility to be allocated by unit. The building dates to 1890 and includes two off-street parking spaces.
Located at 162 S Pleasant St in Haverhill, MA 01835, the property also includes lead certificates for units 164-1 and 164-2. Its four-unit configuration and standardized apartment plans provide a straightforward physical layout for continued multifamily ownership.
Located at 162 S Pleasant St in Haverhill, MA 01835, the property also includes lead certificates for units 164-1 and 164-2. Its four-unit configuration and standardized apartment plans provide a straightforward physical layout for continued multifamily ownership.
Key Highlights
- Four apartments, each with 3 bedrooms and 1 bathroom
- 4,818 SF multifamily building constructed in 1890
- Separately metered utilities include water and sewer
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 | $121.4k | $25.20 |
| − Vacancy | −$5.5k | −$1.13 |
| EGI | $115.9k | $24.07 |
| − OpEx | −$34.8k | −$7.22 |
| NOI | $81.2k | $16.85 |
4,818 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,165 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$1.05M
$915.8K – $1.22M
NOI $73,264 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,657 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 01835, MA
14,578
Population
5,702
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
1,869
Density / Sq Mi
$108,275
Median Household Income
$52,837
Median Earnings
$1,747
Median Rent
$431,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Uniform apartment layouts, separately metered utilities, shared laundry, and off-street parking support practical operations.
Where is this quadplex located?
The property is located at 162 S Pleasant St Haverhill, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four apartments, each with 3 bedrooms and 1 bathroom; 4,818 SF multifamily building constructed in 1890; Separately metered utilities include water and sewer
