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3 Vine Street

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

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.

Players

Spencer Norton

Horvath & Tremblay

Broker

$84.2M

vol

22 deals

Broker

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