Remodeled Two-Unit Home in
For Sale
$799,900
Pending
6 Kimball Street, Haverhill, MA 01830
Turnkey, remodeled 7-bedroom two-unit home with income potential.
Property Size2,421 SF
Days on Market134
Property Features for 6 Kimball Street
General Information
Standard status
Pending
Size
2,421 SF
Property subtype
Multi Family
Building Details
Building Size
2,421 SF
Year Built
1900
Listing Agency:
Realty One Group Nest
(978) 360-3441
Listed By:
Olivares Molina TEAM
(978) 360-3441
Source:
Iverty
Added: Apr 14
Changed: Aug 23
Last Checked: Jul 28 at 5:22AM
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 Realty One Group Nest
Investment Insights
Based on property information with market context.
This remodeled two-unit home in Haverhill, MA, features a total of 7 bedrooms and offers income potential. Both units include new kitchens equipped with stainless steel appliances, modern cabinetry, quartz countertops, and kitchen islands. The bathrooms have been remodeled with new ceramic floors, modern lighting, and updated fixtures. Recent upgrades include new flooring throughout, updated electrical and plumbing systems, on-demand and space-saving heating systems, updated vinyl windows and doors, a new main roof, and a new spacious deck overlooking an expansive fenced yard. The property is located in a very walkable area with a walk score of 74, and some transit options are available, indicated by a transit score of 42. The bike score is 47, indicating it is somewhat bikeable. This property is suitable as a turnkey investment or for owner-occupancy.
Key Highlights
- Turnkey, remodeled two‑unit home with income potential.
- Two brand‑new kitchens feature stainless steel appliances, quartz countertops, and islands.
- Remodeled bathrooms with new fixtures and ceramic floors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,785
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$815,700
$815.7K
Cap Rate 7%
$582,643
$582.6K
Cap Rate 9%
$453,167
$453.2K
Market Conditions
NOI Build-Up for 2,421 SF
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.
Gross rent
$61.0K $25.20/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$58.3K $24.07/SF
− OpEx
−$17.5K −$7.22/SF
NOI
$40.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$815,700
Cap Rate 7%
$582,643
Cap Rate 9%
$453,167
Alternative Uses
Best Use
Multifamily LT 5
$582.6K
$509.8K – $679.8K
NOI $40,785 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$525.9K
$460.2K – $613.6K
NOI $36,815 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,326 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 01830, MA
27,553
Population
11,159
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
89%
High-School Grad
13.9 sq mi
ZIP Area
1,982
Density / Sq Mi
$79,784
Median Household Income
$49,289
Median Earnings
$1,602
Median Rent
$436,400
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 - Turnkey, remodeled 7-bedroom two-unit home with income potential.
Where is this duplex located?
The property is located at 6 Kimball Street Haverhill, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Turnkey, remodeled two‑unit home with income potential.; Two brand‑new kitchens feature stainless steel appliances, quartz countertops, and islands.; Remodeled bathrooms with new fixtures and ceramic floors.
