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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



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 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.90 AC |
| Sale Type | Investment | Building Size | 6,450 SF |
| Cap Rate | 6.36% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1919 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | APTS 8+ | ||
| 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 | - |
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PROPERTY TAXES
| Parcel Number | HAVE-000716-000003-000003 | Improvements Assessment | $403,400 (2025) |
| Land Assessment | $660,000 (2025) | Total Assessment | $1,063,400 (2025) |
PROPERTY TAXES
Parcel Number
HAVE-000716-000003-000003
Land Assessment
$660,000 (2025)
Improvements Assessment
$403,400 (2025)
Total Assessment
$1,063,400 (2025)
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445 S Main St
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