Spencer Norton Of Horvath & Tremblay Sells Multifamily Property In Haverhill For $1.45M
3 Vine Street, 5 Vine Street & 9 Vine Street
$1,450,000
$65/SF
Building Size
22,269 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
AI
The property asset involved in this transaction is a multifamily building located at 3-5 & 9 Vine Street in Haverhill, MA. The sale was completed for $1,450,000, reflecting a price per unit of $207,143. The total building encompasses 7,423 square feet of living space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 7
- Price Per Unit: $207,143
- Square Footage: 7,423
- Price Per Square Foot: $195
- Broker: Spencer Norton - Horvath & Tremblay
- Sale Date: 02/28/2025
- Market: Haverhill, MA
Spencer Norton represented the seller in the deal, facilitating the transaction of this two-building property which comprises seven units. The completion of this sale indicates active market engagement in the Haverhill area.
Haverhill MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93