Downtown Six-Unit Multifamily
368 River Street Haverhill, MA 01832
368 River Street, Haverhill, MA, 01832
$1,190,000
For Sale
$1,190,000
Six-unit residential property built in 1910 with updates, featuring 16 bedrooms and six bathrooms.
Property Size6,600 SF
Lot Size0.14 Acres
Price / SF$180.30
Days on Market14
Property Features for 368 River Street
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Northeast Private Client Group,LLC
Listed by
Patrick Wheeler
(617) 661-6600
Source
Cambridgerealty
Added: Jul 8 Updated: Jul 20 at 10:49PM Checked: Jul 20 at 10:49PM
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 Northeast Private Client Group,LLC
Investment Insights
Based on property information with market context.
This six-unit multifamily building offers approximately 6,600 square feet of living space with 16 bedrooms and six bathrooms. The unit mix includes two 2-bedroom/1-bath units and four 3-bedroom/1-bath units. Built in 1910, the property includes updates throughout and is being sold in as-is condition.
The building is located in downtown Haverhill along Route 113. It is about 0.5 miles to the MBTA commuter rail and about one block from the bus station, supporting commuter convenience. Three shopping centers are within 1.4 miles, and multiple parks are within 9.5 miles.
Zoned Residential Urban Density (RU), the property sits on approximately 0.138 acres and is offered for sale with seller financing available.
The building is located in downtown Haverhill along Route 113. It is about 0.5 miles to the MBTA commuter rail and about one block from the bus station, supporting commuter convenience. Three shopping centers are within 1.4 miles, and multiple parks are within 9.5 miles.
Zoned Residential Urban Density (RU), the property sits on approximately 0.138 acres and is offered for sale with seller financing available.
Key Highlights
- Built in 1910, this updated 6‑unit multi‑family offers approx. 6,600 SF with 16 bedrooms and 6 bathrooms.
- Unit mix: two 2‑bedroom/1‑bath units and four 3‑bedroom/1‑bath units.
- Approx. 0.138‑acre lot in Downtown Haverhill along Route 113.
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 | $190.1k | $28.80 |
| − Vacancy | −$7.6k | −$1.15 |
| EGI | $182.5k | $27.65 |
| − OpEx | −$82.1k | −$12.44 |
| NOI | $100.4k | $15.21 |
6,600 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,362 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,502 @ 7.0% cap · market cap 22.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit residential property built in 1910 with updates, featuring 16 bedrooms and six bathrooms.
Where is this apartment building located?
The property is located at 368 River Street Haverhill, MA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Built in 1910, this updated 6‑unit multi‑family offers approx. 6,600 SF with 16 bedrooms and 6 bathrooms.; Unit mix: two 2‑bedroom/1‑bath units and four 3‑bedroom/1‑bath units.; Approx. 0.138‑acre lot in Downtown Haverhill along Route 113.
