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87 Webster St 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 7.13% Cap Rate Haverhill, MA 01830
EXECUTIVE SUMMARY
Beautifully renovated 6-unit investment property in Haverhill’s Highlands neighborhood. Each unit of this classic side-by-side triple-decker offers two bedrooms, a full bathroom, a large kitchen with pantry, and living room. All units have been renovated with new cabinets, granite countertops, refinished hardwood floors and LVP. Recent building upgrades include gas furnaces, water heaters, EPDM roof and new windows and doors, ensuring long-term value and low maintenance. Close to public transportation and highways with easy street parking. Excellent opportunity to add a turnkey property to your portfolio before year end. Owners are also selling 425 S Main and 445 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 Under Contract
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 4,680 SF |
| Cap Rate | 7.13% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R1 - APT 4-8 | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,680 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R1 - APT 4-8 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,900 | 780 |
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Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | HAVE-000205-000044-000005B | Improvements Assessment | $590,600 (2025) |
| Land Assessment | $147,600 (2025) | Total Assessment | $738,200 (2025) |
PROPERTY TAXES
Parcel Number
HAVE-000205-000044-000005B
Land Assessment
$147,600 (2025)
Improvements Assessment
$590,600 (2025)
Total Assessment
$738,200 (2025)
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87 Webster St
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