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    Fully Renovated 9-Unit Apartment Building Title is generated by Realmo AI

    2 & 6 Perkins Place, Haverhill, NH 03785

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    Claim this Listing
    For Sale
    Under Contract
    $1,050,000

    MULTI_FAMILY - Other - Haverhill, NH

    Property size:
    6,408 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $163/SF
    Added:
    Feb 23, 2026
    Days on Market:
    101
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 2 & 6 Perkins Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    350 WO
    Rooms
    Basement
    Parking features
    Assigned
    Exterior features
    Gazebo, Shed
    Appliances
    Electric Water Heater
    Standard status
    Active Under Contract
    Size
    6,408 SF
    Lot size
    0.63 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10726

    Utilities

    Heating system
    Ductless (Heating), Propane (Heating), Electric (Heating)
    Cooling system
    Ductless, Zoned
    Water source
    Public

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Vinyl
    Building materials
    Masonry, Brick Exterior, Wood Exterior
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Keegan Rice

    Listing agent Keegan Rice

    Listing office Badger Peabody & Smith Realty 383 Main St., Franconia, NH

    Listing date Feb 23, 2026

    MLS# 5077329

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated 9‑unit multi‑family investment known as The Brick Manor
    • Unit mix: seven 1‑bedroom and two 2‑bedroom apartments
    • Individually metered utilities with tenants responsible for their own electric/heat
    • Efficient mini‑split (ductless) heating and zoned cooling; propane, electric, and ductless heating sources noted
    • 10‑ft ceilings with luxury vinyl/vinyl flooring and solid wood‑core craftsman doors; granite countertops and stainless steel appliances in kitchens and baths
    • Includes tenant‑assigned, locked basement storage plus a coin‑operated laundry facility; sale includes the neighboring 0.11‑acre lot

    Overview

    This fully renovated apartment building is configured as nine units, including seven one-bedroom apartments and two two-bedroom apartments. The interiors feature approximately 10-foot ceilings, luxury vinyl plank flooring, and solid wood-core craftsman-style doors. Kitchens and baths were updated with granite countertops and vanity tops, along with stainless steel appliances and contemporary finishes. Each unit is equipped with an efficient mini-split HVAC system, and tenants are responsible for their own electric and heat. Building amenities include locked basement storage units assigned to each apartment and a coin-operated laundry facility for additional resident convenience.

    The property is offered as 2 & 6 Perkins Place in Haverhill, New Hampshire, and includes an adjacent lot for added flexibility. Zoning is listed as 350 WO.

    For tenants and operators, the layout provides a straightforward mix of one-bedroom and two-bedroom homes while maintaining consistent, renovated unit standards across the building. Individual metering and tenant-paid electric/heat support predictable utility responsibility, and the combination of dedicated storage and on-site laundry can help support day-to-day tenant satisfaction. With renovations already completed, the building is positioned as a turnkey income property for an owner seeking a multi-family asset with updated finishes and functional in-building services.

    Local Financial Insights For Apartment 5plus

    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 $111.5k $17.40
    − Vacancy −$5.6k −$0.87
    EGI $105.9k $16.53
    − OpEx −$47.7k −$7.44
    NOI $58.3k $9.09
    6,408 SF · lease $17.40/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $832.3K
    $728.2K – $971.0K (±1% cap)
    NOI $58,258 @ 7.0% cap · market cap 5.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.41M
    $1.23M – $1.64M (±1% cap)
    NOI $98,670 @ 7.0% cap · market cap 9.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Haverhill
    County
    Grafton
    State
    New Hampshire
    Longitude
    -72.0337239
    Latitude
    44.1487394

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    FAQs

    What type of property is this?
    Apartment building - Turnkey renovated multi-family with nine individually metered units, mini-split HVAC, and on-site coin laundry.
    Where is this apartment building located?
    The property is located at 2 & 6 Perkins Place Haverhill, NH.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Fully renovated 9‑unit multi‑family investment known as The Brick Manor; Unit mix: seven 1‑bedroom and two 2‑bedroom apartments; Individually metered utilities with tenants responsible for their own electric/heat
    (603) 444-1294
    We can help!
    Listing Contact
    Keegan Rice
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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