Duplex with Updated
For Sale
$659,900
24 Blaisdell St, Haverhill, MA 01832
One unit is leased, while the other is available for occupancy or a new tenant.
Property Size1,723 SF
Days on Market10
Property Features for 24 Blaisdell St
General Information
Standard status
Active
Size
1,723 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,917
Building Details
Building Size
1,723 SF
Year Built
1900
Stories
3
Units
2
Tenancy
Single
Listing Agency:
(978) 808-4399
Listed By:
Krissy Ventura · License #452000729
(978) 808-4399
Source:
Elliman
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 23 at 7:04AM
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 Krissy Ventura
Investment Insights
Based on property information with market context.
Built in 1900, this two-family property combines updated kitchens, hardwood floors, and a spacious front porch with a practical unit arrangement. One residence is currently leased, while the second is vacant and ready for an owner-occupant or tenant. Separate utilities and ample off-street parking support day-to-day functionality, with water included in the rent.
The property occupies a corner lot near Swasey Field and is positioned close to shopping, restaurants, parks, public transportation, downtown Haverhill, and major commuter routes. Walk Score is 74, Bike Score is 47, and Transit Score is 42. The layout provides an existing rental component alongside a separate unit for continued occupancy or leasing.
The property occupies a corner lot near Swasey Field and is positioned close to shopping, restaurants, parks, public transportation, downtown Haverhill, and major commuter routes. Walk Score is 74, Bike Score is 47, and Transit Score is 42. The layout provides an existing rental component alongside a separate unit for continued occupancy or leasing.
Key Highlights
- Two‑family property with one leased unit and one vacant unit
- Updated kitchens, hardwood floors, and spacious front porch
- Separate utilities with water included in rent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,520
$580.5K
Cap Rate 7%
$414,657
$414.7K
Cap Rate 9%
$322,511
$322.5K
Market Conditions
NOI Build-Up for 1,723 SF
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.
Gross rent
$43.4K $25.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$41.5K $24.07/SF
− OpEx
−$12.4K −$7.22/SF
NOI
$29.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,520
Cap Rate 7%
$414,657
Cap Rate 9%
$322,511
Alternative Uses
Best Use
Multifamily LT 5
$414.7K
$362.8K – $483.8K
NOI $29,026 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$374.3K
$327.5K – $436.7K
NOI $26,201 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.02M
$892.5K – $1.19M
NOI $71,401 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,326
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is leased, while the other is available for occupancy or a new tenant.
Where is this duplex located?
The property is located at 24 Blaisdell St Haverhill, MA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Two‑family property with one leased unit and one vacant unit; Updated kitchens, hardwood floors, and spacious front porch; Separate utilities with water included in rent
