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359 Main St Haverhill, MA 01830

OFF-MARKET Office Spaces Google Maps
18,400 SF 0.55 ac lot Built 1900
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Exceptional investment opportunity in Haverhill, MA, featuring a three-building portfolio encompassing both multifamily and office space. This property, situated on a 0.55-acre lot at 355 and 359 Main Street, boasts a total of 18,400 square feet and comprises 12 residential units (a mix of two-bedroom and three-to-six-bedroom units) and 10 office units. The buildings, constructed between 1900 and 1960, underwent renovations in 2018. The property currently enjoys 75% occupancy, with a projected full occupancy date of November 13, 2024. The property features 20 parking spaces and is zoned for commercial central use. Each residential unit is individually metered for utilities. The office building includes units on both the first and second floors. This Class C property is offered at $1,900,000 ($103.26/sq ft) and presents a compelling opportunity for investors seeking a diversified portfolio in a desirable location. The property is conveniently located on Route 125, near City Hall and downtown Haverhill. Financial details are available upon request and execution of a Non-Disclosure Agreement.

Property profile

Verified
Property type Office Spaces
Year built 1900
Total area 18,400 SF
Lot 0.55 ac (23,958 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Psychotherapist
  • Insurance Agency
  • Insurance Agency
  • Law Firm
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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