Two-Property Multifamily
32 1/2 Nichols Haverhill, MA 01830
32 1/2 Nichols, Haverhill, MA, 01830
$1,050,000
For Sale
$1,050,000
Two separate buildings offer a two-family and three-family configuration with separate utilities and off-street parking for four vehicles.
Property Size5,685 SF
Price / SF$184.70
Days on Market55
Property Features for 32 1/2 Nichols
General Information
- Standard status
- Active
- Size
- 5,685 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
New England Realty Advisors LLC
(781) 334-8044
Listed by
Bradford Carlson
(781) 334-8044
Source
Lockandkeyre
Added: May 28 Updated: Jul 20 at 5:37PM Checked: Jul 21 at 3:31AM
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 New England Realty Advisors LLC
Investment Insights
Based on property information with market context.
The Nichols Street Apartments present a two-building multifamily setup on the same lot, with each building operating independently. The first building is a 2,760 SF two-family featuring one two-bedroom unit and one four-bedroom unit. The second building is a 2,925 SF three-family with three two-bedroom units. Both buildings are separately metered/equipped with separate utilities including water and sewer.
Off-street parking accommodates up to four vehicles, with additional on-street parking available. The property is for sale at 32 1/2 Nichols St in Haverhill, MA.
The offering also notes an opportunity to add value, including the potential to further subdivide the buildings from each other and to adjust rents toward market rates.
Off-street parking accommodates up to four vehicles, with additional on-street parking available. The property is for sale at 32 1/2 Nichols St in Haverhill, MA.
The offering also notes an opportunity to add value, including the potential to further subdivide the buildings from each other and to adjust rents toward market rates.
Key Highlights
- Nichols Street Apartments at 32 1/2 Nichols St in Haverhill, MA; year built 1900.
- Two separate buildings on the same lot: 2,760 SF two‑family plus 2,925 SF three‑family.
- Two‑family unit mix: one 2‑bedroom unit and one 4‑bedroom unit.
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 | $143.3k | $25.20 |
| − Vacancy | −$6.4k | −$1.13 |
| EGI | $136.8k | $24.07 |
| − OpEx | −$41.0k | −$7.22 |
| NOI | $95.8k | $16.85 |
5,685 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,771 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,448 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$3.37M
$2.94M – $3.93M
NOI $235,585 @ 7.0% cap · market cap 22.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate buildings offer a two-family and three-family configuration with separate utilities and off-street parking for four vehicles.
Where is this duplex located?
The property is located at 32 1/2 Nichols Haverhill, MA.
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: Nichols Street Apartments at 32 1/2 Nichols St in Haverhill, MA; year built 1900.; Two separate buildings on the same lot: 2,760 SF two‑family plus 2,925 SF three‑family.; Two‑family unit mix: one 2‑bedroom unit and one 4‑bedroom unit.
