Investment Opportunity! Well-maintained four-family property featuring a desirable unit mix of two spacious 4-bedroom apartments and two 1-bedroom apartments. All four units have been updated within the last five years, offering investors an opportunity to acquire a property with significant improvements already completed. Current rents are below market, presenting excellent potential for increased income over time. All four units are currently month-to-month, providing added flexibility for future ownership and rental adjustments. Recent capital improvements include new electrical, a sprinkler system, commercial fire alarm system, three of four newer water heaters, three of four newer boilers, and a roof approximately 7 years old (2017). Additional amenities include four off-street parking spaces. A great opportunity for investors looking to expand their portfolio with a multifamily property offering strong rental upside and flexibility.

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Basic Information

Gross Income $109,200
Lot Features Corner Lot
Mls StatusNew
Rent Includes Unit 1(Water)

Tax Information

Tax Assessed Value $851,300
Tax Year 2025
Taxes$9,117

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Paved
Parking Spaces4

Rooms

Bathroom4
Bathrooms Total Decimal 4
Bedrooms10
Full Bath4

Basic Information

List Price$1,100,000
MLS Number73599864
Modification Date11/07/2026
Property SubType4 Family
Virtual TourView Tour

Location

Address494-496 Main Street
Building Number494-496
CountyEssex
StateMA
StreetMain Street
TownHaverhill
Zip01830

Building

BasementFull, Concrete
Building Area Units Square Feet
Construction Materials Frame
FoundationStone, Brick/Mortar
Levels 6
Patio And Porch Features Porch
Rooms20
Stories6
Units4
Utilities For Electric Range
Year Built1900
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.14

Interior

Interior Features Living Room, Kitchen, Laundry Room

Exterior

RoofShingle

Utilities

Electric Circuit Breakers
Electric Expense 800
Heat SystemYes
Heating Baseboard
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Measured
Living Area 4,547
Lot Size Square Feet 6,098
Lot Size Units Acres
Square Feet4,547

Amenities

AmenitiesPublic Transportation, Medical Facility, Laundromat, Highway Access
Appliances IncludedRange, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Other AmenitiesBasement

Legal

ZoningRH

Other

Date Listed11/06/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

Tax Information

Parking

Rooms

Basic Information

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Building

Property

Interior

Exterior

Utilities

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Newton, MA