Three-Unit Multifamily with
22 Park St Haverhill, MA 01830
22 Park St, Haverhill, MA, 01830
$749,000
For Sale
$749,000
Two units have individual utilities, plus a third-floor studio with a private entrance.
Property Size3,436 SF
Price / SF$217.99
Days on Market90
Property Features for 22 Park St
General Information
- Standard status
- Active
- Size
- 3,436 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1860
Listing agency
Coldwell Banker Realty - Westford
(978) 551-6386
Listed by
Jenna Gaudette
(978) 551-6386
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 20 at 6:44PM Checked: Jul 20 at 6:44PM
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 Coldwell Banker Realty - Westford
Investment Insights
Based on property information with market context.
Located at 22 Park St in Haverhill, this classic three-unit multifamily residence is arranged as two separate units with individual utilities, along with a third-floor studio featuring a private entrance. Interior finishes include original hardwood floors that are currently covered by existing carpeting, offering an opportunity for restoration during renovation.
A spacious two-bay garage is included, with room for up to four vehicles (two wide and two deep). The garage also provides additional bonus space above that can be used for storage or a workshop, depending on how the property is updated.
The home is described as having easy access to major routes while remaining in a neighborhood setting, and it offers flexibility for an investor or an owner-occupant looking to renovate and personalize a property with established character and a solid layout.
A spacious two-bay garage is included, with room for up to four vehicles (two wide and two deep). The garage also provides additional bonus space above that can be used for storage or a workshop, depending on how the property is updated.
The home is described as having easy access to major routes while remaining in a neighborhood setting, and it offers flexibility for an investor or an owner-occupant looking to renovate and personalize a property with established character and a solid layout.
Key Highlights
- Year built 1860 classic multi‑family home with original hardwood floors under existing carpeting
- Two separate units with individual utilities
- Third‑floor studio includes a private entrance for flexible use
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 | $86.6k | $25.20 |
| − Vacancy | −$3.9k | −$1.13 |
| EGI | $82.7k | $24.07 |
| − OpEx | −$24.8k | −$7.22 |
| NOI | $57.9k | $16.85 |
3,436 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$826.9K
$723.6K – $964.7K
NOI $57,884 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$746.4K
$653.1K – $870.8K
NOI $52,249 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,387 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two units have individual utilities, plus a third-floor studio with a private entrance.
Where is this triplex located?
The property is located at 22 Park St Haverhill, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Year built 1860 classic multi‑family home with original hardwood floors under existing carpeting; Two separate units with individual utilities; Third‑floor studio includes a private entrance for flexible use
