Three-Level Two-Family
For Sale
$449,900
55 Pilling St, Haverhill, MA 01832
Two-family duplex with off-street parking for four cars, storage shed, yard, and decks on both bath floors.
Property Size2,008 SF
Price / SF$224.05
Days on Market94
Property Features for 55 Pilling St
General Information
Standard status
Active
Size
2,008 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
storage shed
yard
Building Details
Year Built
1900
Listing Agency:
McKeon / Corcoran Real Estate
Listed By:
Robin R. McKeon
(978) 273-8097
Source:
Melanienorcross
Added: Jul 24
Changed: Oct 2
Last Checked: Oct 7 at 2:50PM
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 McKeon / Corcoran Real Estate
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Investment Insights
Based on property information with market context.
Centrally located two-family duplex in Haverhill, MA, offered for sale as a three-level property with separate living units. The first floor features four rooms with two bedrooms and one bath. The second floor also offers four rooms with two bedrooms and one bath. A third floor includes two finished rooms.
Decks are off the bath floors, and the exterior includes off-street parking for four cars, plus a storage shed and yard. WalkScore is 74 (very walkable), bikeScore is 47 (somewhat bikeable), and transitScore is 42 (some transit).
This estate sale property is being offered with an existing configuration that can suit investors or buyers looking to add their own vision.
Decks are off the bath floors, and the exterior includes off-street parking for four cars, plus a storage shed and yard. WalkScore is 74 (very walkable), bikeScore is 47 (somewhat bikeable), and transitScore is 42 (some transit).
This estate sale property is being offered with an existing configuration that can suit investors or buyers looking to add their own vision.
Key Highlights
- Two‑family duplex (estate sale) built in 1900 with decks on both bath floors.
- First floor: 4 rooms with 2 bedrooms and 1 bath.
- Second floor: 4 rooms with 2 bedrooms and 1 bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,827
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,540
$676.5K
Cap Rate 7%
$483,243
$483.2K
Cap Rate 9%
$375,856
$375.9K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$50.6K $25.20/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$48.3K $24.07/SF
− OpEx
−$14.5K −$7.22/SF
NOI
$33.8K $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%
$676,540
Cap Rate 7%
$483,243
Cap Rate 9%
$375,856
Alternative Uses
Best Use
Multifamily LT 5
$483.2K
$422.8K – $563.8K
NOI $33,827 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$436.2K
$381.7K – $508.9K
NOI $30,534 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,211 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,061
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?
Duplex - Two-family duplex with off-street parking for four cars, storage shed, yard, and decks on both bath floors.
Where is this duplex located?
The property is located at 55 Pilling St Haverhill, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑family duplex (estate sale) built in 1900 with decks on both bath floors.; First floor: 4 rooms with 2 bedrooms and 1 bath.; Second floor: 4 rooms with 2 bedrooms and 1 bath.
