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Two-Unit Duplex with Separate Utilities

18 Pentucket Street Haverhill, MA 01830

18 Pentucket Street, Haverhill, MA, 01830
$624,900
For Sale
$624,900

Well-maintained 2-family home with separate meters and laundry hookups for each unit, plus de-leaded units.

Property Size2,162 SF
Price / SF$289.04
Days on Market137

Property Features for 18 Pentucket Street

General Information

Standard status
Active
Size
2,162 SF
Property subtype
Multi-family

Building Details

Year Built
1906
Listing agency Century 21 North East
Listed by Fermin Group
Source Flowrealty
Added: Mar 7 Updated: Jul 21 at 2:52AM Checked: Jul 21 at 2:52AM

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 Century 21 North East


Investment Insights

Based on property information with market context.

This well-maintained two-unit duplex offers two separate residences within one building. Unit 1 includes 2 bedrooms and 1 bath. Unit 2 is configured on the top two floors with 4 bedrooms and 1 bath, providing townhouse-style living. Each unit has its own gas heat, hot water, and electric meters, along with in-unit laundry hookups. Both units have been de-leaded.

The property is located in Haverhill and is described as being only a few minutes from downtown dining, the MBTA Commuter Rail, and tax-free NH shopping. The remarks also note easy access to I-495 and local parks.

As a result, the layout supports separate, independently metered living for the two units, with laundry connections available in both units.

Key Highlights

  • Well‑maintained 2‑family home built in 1906 with separate utility systems for each unit
  • Unit 1 offers 2 bedrooms and 1 bath, with separate gas heat, hot water, and electric meter
  • Unit 2 has 4 bedrooms and 1 bath across the top two floors in townhouse‑style layout

Local 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 $54.5k $25.20
− Vacancy −$2.5k −$1.13
EGI $52.0k $24.07
− OpEx −$15.6k −$7.22
NOI $36.4k $16.85
2,162 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$520.3K
$455.3K – $607.0K (±1% cap)
NOI $36,421 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$469.7K
$411.0K – $547.9K (±1% cap)
NOI $32,876 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M (±1% cap)
NOI $89,593 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Hotel & Motel (Bike/Boat/Book/etc) Store Locksmith Florist Storage Facility Travel Agency Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service

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

FAQs

What type of property is this?
Duplex - Well-maintained 2-family home with separate meters and laundry hookups for each unit, plus de-leaded units.
Where is this duplex located?
The property is located at 18 Pentucket Street Haverhill, MA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1906 with separate utility systems for each unit; Unit 1 offers 2 bedrooms and 1 bath, with separate gas heat, hot water, and electric meter; Unit 2 has 4 bedrooms and 1 bath across the top two floors in townhouse‑style layout
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