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445 S Main St 10 Unit Apartment Building $2,000,000 ($200,000/Unit) 6.36% Cap Rate Haverhill, MA 01835

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EXECUTIVE SUMMARY

Positioned in the heart of Bradford, this stately 10-unit brick residence offers a rare blend of architectural elegance and contemporary updates. The Harland Hussey House, originally built in 1920 as a mansion for an executive in the flourishing shoe manufacturing business, showcases high ceilings, natural light, and original hardwood floors. Set on a generous lot with ample off-street parking, the property also boasts spacious front and back yards. Extensively renovated, the property features brand-new underground 600-amp electrical service, dedicated subpanels and separate electric meters, new electric hydronic baseboard heating throughout, new hardwired fire alarm system, as well as new appliances and granite countertops in all units. The property has been fully insulated through Mass Save, and a new roof was installed in 2023. All units are fully leased, providing an excellent opportunity to add a turnkey property to your portfolio before year end. Owners are also selling 87 Webster and 425 S Main, and are open to a combined sale.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $2,000,000
Price Per Unit $200,000
Sale Type Investment
Cap Rate 6.36%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.90 AC
Building Size 6,450 SF
Average Occupancy 100%
No. Stories 2
Year Built 1919
Parking Ratio 1.55/1,000 SF
Zoning APTS 8+

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $1,575 -
Studios 4 $1,500 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HAVE-000716-000003-000003
Land Assessment
$660,000 (2025)
Improvements Assessment
$403,400 (2025)
Total Assessment
$1,063,400 (2025)
  • Listing ID: 38250760

  • Date on Market: 10/29/2025

  • Last Updated:

  • Address: 445 S Main St, Haverhill, MA 01835

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