5-Unit Apartment
For Sale
$1,060,000
455 Washington St, Haverhill, MA 01832
Five two-bedroom units feature separate utilities, updated interiors, and off-street parking.
Property Size4,549 SF
Days on Market189
Property Features for 455 Washington St
General Information
Standard status
Active
Size
4,549 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$8,611
Building Details
Building Size
4,549 SF
Year Built
1900
Listing Agency:
Home Realty Group LLC
Listed By:
Emmanuel Frias · License #9540092
(978) 390-8637
Source:
Classifiedrealtygroup
Added: Apr 11
Changed: Oct 12
Last Checked: Oct 14 at 8:20PM
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 Home Realty Group LLC
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Investment Insights
Based on property information with market context.
Located at 455 Washington Street in Haverhill, this 4,549-square-foot apartment building contains five two-bedroom units. The property was built in 1900 and includes updated interiors, separate utilities, and off-street parking. Recent improvements and a documented maintenance history support the building’s ongoing operation.
The property is positioned near downtown Haverhill, with access to public transportation, major highways, shopping, and dining. Its five-unit configuration provides a defined multifamily layout within an established residential setting.
The property is positioned near downtown Haverhill, with access to public transportation, major highways, shopping, and dining. Its five-unit configuration provides a defined multifamily layout within an established residential setting.
Key Highlights
- Five 2‑bedroom apartment units
- 4,549 SF apartment building
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,174
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,480
$1.4M
Cap Rate 7%
$988,200
$988.2K
Cap Rate 9%
$768,600
$768.6K
Market Conditions
NOI Build-Up for 4,549 SF
Gross rent
$131.0K $28.80/SF
− Vacancy
−$5.2K −$1.15/SF
EGI
$125.8K $27.65/SF
− OpEx
−$56.6K −$12.44/SF
NOI
$69.2K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,480
Cap Rate 7%
$988,200
Cap Rate 9%
$768,600
Alternative Uses
Best Use
Apartment 5plus
$988.2K
$864.7K – $1.15M
NOI $69,174 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,509 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five two-bedroom units feature separate utilities, updated interiors, and off-street parking.
Where is this apartment building located?
The property is located at 455 Washington St Haverhill, MA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Five 2‑bedroom apartment units; 4,549 SF apartment building; Separate utilities for each unit
