Mixed-Bedroom Multifamily
21-23 Cedar Street Haverhill, MA 01830
21-23 Cedar Street, Haverhill, MA, 01830
$1,100,000
For Sale
$1,100,000
Multifamily building with seven units and five off-street parking spaces on a 0.18-acre parcel.
Property Size6,206 SF
Lot Size0.18 Acres
Price / SF$177.25
Days on Market91
Property Features for 21-23 Cedar Street
General Information
- Standard status
- Active
- Size
- 6,206 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1850
Listing agency
Horvath & Tremblay
Listed by
Spencer Norton
(978) 658-2345
Source
Wilsonwolfe
Added: Apr 22 Updated: Jul 20 at 9:19PM Checked: Jul 21 at 7:05AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
21-23 Cedar St is a multifamily property comprising 8,659 square feet of gross area with 6,206 square feet of gross living area. The building includes one 4-bedroom/1-bath unit, one 3-bedroom/2-bath unit, one 2+-bedroom/2-bath unit, one 2+-bedroom/1.5-bath unit, and two 2-bedroom/1-bath units, for a total of seven units. The property has five off-street parking spaces.
Located in Haverhill’s urban core, the building provides access to the city’s downtown district, neighborhood retail corridors, and surrounding residential communities.
Tenant utilities are separately metered for electricity and tenants are responsible for gas-powered heating and hot water. The landlord is responsible for city water and sewer. The property is described as well maintained and may be acquired individually or as part of a portfolio.
Located in Haverhill’s urban core, the building provides access to the city’s downtown district, neighborhood retail corridors, and surrounding residential communities.
Tenant utilities are separately metered for electricity and tenants are responsible for gas-powered heating and hot water. The landlord is responsible for city water and sewer. The property is described as well maintained and may be acquired individually or as part of a portfolio.
Key Highlights
- 7‑unit multifamily building with 6,206 sq ft gross living area in 8,659 sq ft gross area
- Unit mix: 4BR/1BA, 3BR/2BA, two 2+BR/2BA, one 2+BR/1.5BA, and two 2BR/1BA units
- Situated on a 0.18‑acre parcel with five (5) off‑street parking spaces
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 | $178.7k | $28.80 |
| − Vacancy | −$7.1k | −$1.15 |
| EGI | $171.6k | $27.65 |
| − OpEx | −$77.2k | −$12.44 |
| NOI | $94.4k | $15.21 |
6,206 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,371 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.29M
NOI $257,175 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Multifamily building with seven units and five off-street parking spaces on a 0.18-acre parcel.
Where is this apartment building located?
The property is located at 21-23 Cedar Street Haverhill, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7‑unit multifamily building with 6,206 sq ft gross living area in 8,659 sq ft gross area; Unit mix: 4BR/1BA, 3BR/2BA, two 2+BR/2BA, one 2+BR/1.5BA, and two 2BR/1BA units; Situated on a 0.18‑acre parcel with five (5) off‑street parking spaces
