Duplex with Finished In-Law
New
For Sale
$729,000
37-39 S Central Street, Haverhill, MA 01835
Both apartments include two bedrooms, updated kitchens, and private laundry facilities.
Property Size2,737 SF
Price / SF$266.35
Days on Market4
Property Features for 37-39 S Central Street
General Information
Standard status
Active
Size
2,737 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
in-unit laundry
covered farmer's porch
covered rear porch
detached garage
off-street parking
Building Details
Year Built
1900
Buildings
1
Listing Agency:
The Shorey Realty Group, Real Broker Ma, Llc
Listed By:
Hillman Homes
(617) 609-8894
Source:
Hillmanhomesma
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 7:42PM
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 The Shorey Realty Group, Real Broker Ma, Llc
Investment Insights
Based on property information with market context.
This 2,737-square-foot duplex, built in 1900, contains two apartments with living and dining areas, two bedrooms, updated kitchens, and in-unit laundry. Interior details include hardwood flooring, recessed lighting, and pocket doors. A finished third-floor in-law space adds additional interior area. Exterior features include covered porches, vinyl siding, updated windows, an updated roof, and a detached garage, with off-street parking on the corner lot.
The property is at 37-39 S. Central Street in Haverhill, with access to I-495 and Routes 125 and 113.
The property is at 37-39 S. Central Street in Haverhill, with access to I-495 and Routes 125 and 113.
Key Highlights
- Two apartments, each with two bedrooms and in‑unit laundry
- Finished third‑floor in‑law space
- 2,737 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,108
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,160
$922.2K
Cap Rate 7%
$658,686
$658.7K
Cap Rate 9%
$512,311
$512.3K
Market Conditions
NOI Build-Up for 2,737 SF
Gross rent
$69.0K $25.20/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$65.9K $24.07/SF
− OpEx
−$19.8K −$7.22/SF
NOI
$46.1K $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 Rate 5%
$922,160
Cap Rate 7%
$658,686
Cap Rate 9%
$512,311
Alternative Uses
Best Use
Multifamily LT 5
$658.7K
$576.4K – $768.5K
NOI $46,108 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$594.6K
$520.3K – $693.7K
NOI $41,620 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,421 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 01835, MA
14,578
Population
5,702
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
1,869
Density / Sq Mi
$108,275
Median Household Income
$52,837
Median Earnings
$1,747
Median Rent
$431,400
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 - Both apartments include two bedrooms, updated kitchens, and private laundry facilities.
Where is this duplex located?
The property is located at 37-39 S Central Street Haverhill, MA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and in‑unit laundry; Finished third‑floor in‑law space; 2,737 square feet; built in 1900
