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Exceptional investment opportunity in this well-maintained four-unit corner lot property offering immediate value-add potential. With below-market rents, 3 tenant-at-will units, and one owner-occupied unit to be delivered vacant at closing, buyers will have the flexibility to owner-occupy or reposition the property to maximize income. Updates include a 7-year-old roof with new plywood, full ice and water shield, and 30-year architectural shingles. All hot water heaters are direct vent, including two approximately 6 months old, a 2-year-old smart heat pump water heater, and a 5-year-old direct-vent unit. The direct-vent gas furnaces have been professionally serviced annually. The entire left side of the property features 3-year-old double-pane replacement windows, while the opposite side also has double-pane windows. Hardwood flooring is found throughout most of the property, with the exception of one first-floor unit. Electrical service includes three 100-amp panels and one 200-amp panel. The property also has 2 separate driveways to make parking much easier. With tenant at will leases, 1 unit vacant at closing, this property offers an outstanding opportunity to build equity and maximize returns. Open house Sat 8/8 from 12-2!

More Info

Basic Information

  • Gross Income $58,200
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number M:0612 B:00497 L:4

Tax Information

  • Tax Assessed Value $597,300
  • Tax Year 2025
  • Taxes$6,397

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, Paved
  • Parking Spaces7

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms8
  • Full Bath4

Basic Information

  • List Price$1,100,000
  • MLS Number73559639
  • Modification Date08/05/2026
  • Property SubType4 Family - 4 Units Up/Down

Location

  • Address38-40 9th Avenue
  • Building Number38-40
  • CountyEssex
  • StateMA
  • Street9TH Avenue
  • TownHaverhill
  • Zip01830

Building

  • Building Area Units Square Feet
  • FoundationBrick/Mortar
  • Levels 6
  • Rooms20
  • Stories6
  • Units4
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.11

Interior

  • Interior Features Living Room, Kitchen, Dining Room, Living RM/Dining RM Combo

Utilities

  • Electric Expense 300
  • Heat SystemYes
  • Heating Forced Air
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Other
  • Living Area 3,900
  • Lot Size Square Feet 4,870
  • Lot Size Units Acres
  • Square Feet3,900

Amenities

  • AmenitiesPublic Transportation, Shopping, Highway Access
  • Appliances IncludedRange, Refrigerator

Other

  • Date Listed08/05/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Mike Pettoruto of Realty ONE Group Nest

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