Five-Unit Multifamily
For Sale
$910,000
7 Maple Ave, Haverhill, MA 01830
Five-unit multifamily property with four one-bedroom units and one two-bedroom unit, separately metered utilities, plus parking and yard.
Property Size4,666 SF
Days on Market48
Property Features for 7 Maple Ave
General Information
Standard status
Active
Size
4,666 SF
Total Parking Spaces
11
Property subtype
Multifamily
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$10,130
Amenities
private off-street parking
private yard
garage
Building Details
Building Size
4,666 SF
Year Built
1926
Tenancy
Multi
Listing Agency:
J. Borstell Real Estate, Inc.
Listed By:
Patrick Hermans · License #2244
(254) 383-5521
Source:
Classifiedrealtygroup
Added: Jul 22
Changed: Sep 6
Last Checked: Sep 7 at 5:41AM
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 J. Borstell Real Estate, Inc.
Investment Insights
Based on property information with market context.
7 Maple Ave is a five-unit multifamily building with four one-bedroom apartments and one two-bedroom apartment. The property features separately metered utilities, including water, designed to help simplify ownership expenses.
Outside, residents benefit from private off-street parking, a large private yard, and a garage that can support additional parking and/or storage needs.
This income property is offered for sale and provides a straightforward unit mix suitable for buyers seeking a small, manageable multifamily asset.
Outside, residents benefit from private off-street parking, a large private yard, and a garage that can support additional parking and/or storage needs.
This income property is offered for sale and provides a straightforward unit mix suitable for buyers seeking a small, manageable multifamily asset.
Key Highlights
- Five‑unit multifamily at 7 Maple Ave, built in 1926
- Unit mix: four 1‑bedroom units and one 2‑bedroom unit
- Separately metered utilities, including water, to help simplify tenant billing
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
$70,953
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
7.80%
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%
$1,419,060
$1.4M
Cap Rate 7%
$1,013,614
$1.0M
Cap Rate 9%
$788,367
$788.4K
Market Conditions
NOI Build-Up for 4,666 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
$134.4K $28.80/SF
− Vacancy
−$5.4K −$1.15/SF
EGI
$129.0K $27.65/SF
− OpEx
−$58.1K −$12.44/SF
NOI
$71.0K $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 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%
$1,419,060
Cap Rate 7%
$1,013,614
Cap Rate 9%
$788,367
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.9K – $1.18M
NOI $70,953 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,358 @ 7.0% cap · market cap 21.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,533
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?
Apartment building - Five-unit multifamily property with four one-bedroom units and one two-bedroom unit, separately metered utilities, plus parking and yard.
Where is this apartment building located?
The property is located at 7 Maple Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Five‑unit multifamily at 7 Maple Ave, built in 1926; Unit mix: four 1‑bedroom units and one 2‑bedroom unit; Separately metered utilities, including water, to help simplify tenant billing
