December 16, 2024 – Spencer Norton of Horvath & Tremblay has successfully completed the sale of a 7-unit multi-family property in Haverhill, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,450,000. This represents a price of $207,143 per unit.
The multi-family property is located at 3-5 and 9 Vine Street in Haverhill, Massachusetts. The property consists of two adjacent buildings and contains seven (7) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units, one (1), 2+ Bedroom/1-Bathroom unit, and two (2), 3-Bedroom/1-Bathroom units with 7,423 square feet of living area in 13,183 square feet of gross area on a combined 0.247-acres of land. The Property is positioned along Vine Street in a quiet residential neighborhood just north of downtown Haverhill, which offers a number of retail, dining, employment and entertainment amenities. The Property provides convenient access to Main Street (MA-125), Winter Street (MA-97), and Merrimack/Washington Street (MA Route 113), the area’s primary commercial and commuter corridors. The Property is a short walk from national retailers (Walgreens, CVS, Market Basket, KFC, and Dunkin’) and is a short walk from the Haverhill Train Station. Haverhill is centrally located in Essex County and is roughly 35 miles north of Boston.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.