Haverhill Multifamily Investment
85-87 Summer Street Haverhill, MA 01830
85-87 Summer Street, Haverhill, MA, 01830
$1,700,000
For Sale
$1,700,000
Eight-unit multifamily property near downtown Haverhill and commuter rail.
Days on Market132
Property Features for 85-87 Summer Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency
New England Realty Advisors LLC
(781) 334-8044
Listed by
Brad Carlson · License #MA #9584876
Source
Nerealtyadvisors
Added: Mar 6 Checked: Jul 16 at 2:07 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 New England Realty Advisors LLC
Investment Insights
Based on property information with market context.
The Summer Street Apartments, located in Haverhill, MA, feature eight units, including seven one-bedroom units and one two-bedroom unit. The property is situated near downtown Haverhill, within 1.5 miles of two MBTA commuter rail stations. A new parking lot was completed in 2023, providing eight off-street parking spots. Six of the eight units have been renovated with modern finishes and hardwood floors. Tenants are responsible for their own utilities, while the landlord covers water and sewer expenses. There is a value-add opportunity through renovating the remaining two apartments and raising current rents to market rate. Additional income is generated from coin operated laundry. The property is located in Haverhill, a city in northeastern Essex County along the Merrimack River, near the New Hampshire border and approximately 35 miles north of Boston. Haverhill's economy has diversified to include technology and research industries, and its downtown area features an arts and restaurant district. The city offers a mix of urban, suburban, and rural areas and provides access to Boston via two MBTA Commuter Rail stations, as well as proximity to tax-free shopping in New Hampshire. Current rents are below market value.
Key Highlights
- High cash‑on‑cash returns from day 1.
- Convenient location: close to downtown Haverhill and within 1.5 miles of two MBTA commuter rail stations.
- Six out of eight units are renovated with modern finishes and hardwood floors.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near downtown Haverhill and commuter rail.
Where is this apartment building located?
The property is located at 85-87 Summer Street Haverhill, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High cash‑on‑cash returns from day 1.; Convenient location: close to downtown Haverhill and within 1.5 miles of two MBTA commuter rail stations.; Six out of eight units are renovated with modern finishes and hardwood floors.
