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Spencer Norton Of Horvath & Tremblay Sells Multifamily Property In Haverhill For $1.45M

Property Image
SOLD
$1,450,000

Massachusetts

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MultiFamily22,269 SF
Sold 02/28/2025
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Property Image
SOLD

Spencer Norton Of Horvath & Tremblay Sells Multifamily Property In Haverhill For $1.45M

3 Vine Street, 5 Vine Street & 9 Vine Street

See Similar Deals
MultiFamily22,269 SF
Sold 02/28/2025
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$65
Total Square Footage:22,269 SF
Transaction Type:Sale

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.

Players

Spencer Norton
Horvath & Tremblay
Spencer Norton
19 deals$78.4M volume
BROKER

Details

SOLD
IMAGE: Spencer Norton DATE: 02/28/2025 ADDRESS: 3-5 & 9 Vine Street MARKET: Haverhill, MA ASSET TYPE: Multifamily BROKER: Spencer Norton - Horvath & Tremblay SALE PRICE: $1,450,000 UNITS: 7 ~ PPU: $207,143 SF: 7,423 ~ PPSF: $195 NOTE: Norton sold 3-5 & 9 Vine St. in Haverhill, MA, for $1.45M ($207,143 per unit), a two-building, 7-unit property with 7,423 s/f of living space.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
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