Three-Unit Residential Income
24-26 Thorndike St Haverhill, MA 01832
24-26 Thorndike St, Haverhill, MA, 01832
$775,000
For Sale
$775,000
Triplex with three 3-bedroom, 1-bath units and over five off-street parking spaces.
Property Size2,216 SF
Lot Size0.09 Acres
Price / SF$349.73
Days on Market75
Property Features for 24-26 Thorndike St
General Information
- Standard status
- Active
- Size
- 2,216 SF
- Lot size
- 0.09 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1890
Listing agency
Horvath & Tremblay
(781) 776-4524
Listed by
Spencer Norton · License #9562958
(781) 776-4524
Source
Elliman
Added: May 9 Updated: Jul 21 at 6:46PM Checked: Jul 21 at 6:46PM
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.
24-26 Thorndike St is a three-unit residential income property containing three 3-bedroom and 1-bath units. The building totals 2,216 square feet of gross living area within 4,908 square feet of gross area. The property is sited on a 0.09-acre parcel and includes more than five off-street parking spaces.
The property is located just outside the downtown core of Haverhill, with access to the city’s central business district, neighborhood retail corridors, and surrounding residential neighborhoods. It is also positioned near the downtown Haverhill Commuter Rail Station, serving the MBTA Haverhill Line.
Utilities are separately metered, with tenants responsible for a mix of gas and electric heating, gas-powered hot water, and separately metered electricity.
The property is located just outside the downtown core of Haverhill, with access to the city’s central business district, neighborhood retail corridors, and surrounding residential neighborhoods. It is also positioned near the downtown Haverhill Commuter Rail Station, serving the MBTA Haverhill Line.
Utilities are separately metered, with tenants responsible for a mix of gas and electric heating, gas-powered hot water, and separately metered electricity.
Key Highlights
- Triplex built in 1890 with three 3‑bedroom/1‑bath units
- Total gross living area of 2,216 SF across 3 units; 4,908 SF total gross area
- 0.09‑acre parcel with over five off‑street parking spaces
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 | $55.8k | $25.20 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $53.3k | $24.07 |
| − OpEx | −$16.0k | −$7.22 |
| NOI | $37.3k | $16.85 |
2,216 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$533.3K
$466.6K – $622.2K
NOI $37,331 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$481.4K
$421.2K – $561.6K
NOI $33,697 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,830 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with three 3-bedroom, 1-bath units and over five off-street parking spaces.
Where is this triplex located?
The property is located at 24-26 Thorndike St Haverhill, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Triplex built in 1890 with three 3‑bedroom/1‑bath units; Total gross living area of 2,216 SF across 3 units; 4,908 SF total gross area; 0.09‑acre parcel with over five off‑street parking spaces
