Remodeled Duplex with Income
For Sale
$599,000
Pending
2 Marion St, Haverhill, MA 01832
Vacant, remodeled unit and tenant-occupied unit for sale.
Property Size2,859 SF
Lot Size0.06 Acres
Days on Market322
Property Features for 2 Marion St
General Information
Standard status
Pending
Size
2,859 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,476
Building Details
Building Size
2,859 SF
Year Built
1900
Stories
2
Units
2
Listed By:
Sam Sasso
(617) 913-3357
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 15
Last Checked: Oct 16 at 9:18AM
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 Sam Sasso
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Investment Insights
Based on property information with market context.
This property features a vacant, remodeled second-floor unit with three bedrooms, ready for immediate occupancy. The first floor is tenant-occupied with a lease. The second-floor unit includes updated windows, a remodeled bathroom, a large eat-in kitchen with a new refrigerator, newly finished hardwood floors, and fresh paint. The basement has a washer and dryer for both units, along with ample storage space. The attic offers the potential for finishing and adding bedrooms and living space to the second-floor unit. The first floor has a tenant with a lease paying $2015 monthly.
Key Highlights
- Remodeled 2nd‑floor unit with 3 bedrooms, move‑in ready.
- First‑floor tenant with existing lease provides immediate rental income.
- Large eat‑in kitchen with new refrigerator.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,163
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,260
$963.3K
Cap Rate 7%
$688,043
$688.0K
Cap Rate 9%
$535,144
$535.1K
Market Conditions
NOI Build-Up for 2,859 SF
Gross rent
$72.0K $25.20/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$68.8K $24.07/SF
− OpEx
−$20.6K −$7.22/SF
NOI
$48.2K $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%
$963,260
Cap Rate 7%
$688,043
Cap Rate 9%
$535,144
Alternative Uses
Best Use
Multifamily LT 5
$688.0K
$602.0K – $802.7K
NOI $48,163 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$621.1K
$543.4K – $724.6K
NOI $43,475 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,476 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
555
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant, remodeled unit and tenant-occupied unit for sale.
Where is this duplex located?
The property is located at 2 Marion St Haverhill, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Remodeled 2nd‑floor unit with 3 bedrooms, move‑in ready.; First‑floor tenant with existing lease provides immediate rental income.; Large eat‑in kitchen with new refrigerator.
