Renovated Multifamily Property in
82-84 Haverhill Street Methuen, MA 01844
82-84 Haverhill Street, Methuen, MA, 01844
$689,400
For Sale
$689,400
Centrally located, renovated multifamily property with modern amenities and convenient access.
Property Size1,824 SF
Price / SF$377.96
Days on Market67
Property Features for 82-84 Haverhill Street
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1922
Listing Agency
Keller Williams Realty
(617) 388-6905
Listed by
Young Won
(617) 388-6905
Source
Lockandkeyre
Added: May 12 Checked: Jul 10 at 2:41 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This centrally located multifamily property in Methuen was renovated in 2018. It features hardwood floors and modern kitchens and baths. The property is designed for comfortable and efficient living. Each unit has private entrances and separate driveways. A fully fenced-in yard provides a secure, private space. The property is located close to local shopping and dining. Commuting is facilitated by the MEVA transit line and I-93. The property size is 1824 square feet.
Key Highlights
- Renovated in 2018 with modern kitchens and baths, attracting premium tenants and ensuring low vacancy.
- Private entrances and separate driveways for each unit.
- Centrally located with easy access to the MEVA transit line and I‑93.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.0k | $25.20 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $43.9k | $24.07 |
| − OpEx | −$13.2k | −$7.22 |
| NOI | $30.7k | $16.85 |
1,824 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.0K
$384.1K – $512.1K
NOI $30,727 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$396.2K
$346.7K – $462.3K
NOI $27,736 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.08M
$944.8K – $1.26M
NOI $75,586 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Centrally located, renovated multifamily property with modern amenities and convenient access.
Where is this duplex located?
The property is located at 82-84 Haverhill Street Methuen, MA.
What is the asking price?
The asking price for this property is $689,400.
What are key features of this property?
This property features: Renovated in 2018 with modern kitchens and baths, attracting premium tenants and ensuring low vacancy.; Private entrances and separate driveways for each unit.; Centrally located with easy access to the MEVA transit line and I‑93.
