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!
This home has been viewed 1 time
Last Checked: August 6th, 2026 at 10:28am (Source: MLS PIN #73559639)
Gross Income: $58,200
Gross Expenses: $8,197
Net Income Calc: $50,003
Water Views
Annual Expenses for 38-40 9th Ave, Haverhill MA 01830
Total Gross Expenses (Calculated)$8,197/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6397
Annual Income & Unit Breakdown for 38-40 9th Ave, Haverhill MA 01830
Total Gross Income (Calculated)$58,200
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
Rent Includes
General Information for 38-40 9th Ave, Haverhill MA 01830
Listing ID73559639
Property TypeMulti Family / 4 Family
Price1100000 ($282.05/SqFt)
Style4 Family - 4 Units Up/down
CityHaverhill
CountyEssex
Neighborhood(s)
Approximate Living Area Total3900
Approximate Lot Size (Acres)0.11
Total Parking7
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningMF
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 38-40 9th Ave, Haverhill MA 01830
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOther
ExclusionsInflatable Hot Tub.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 38-40 9th Ave, Haverhill MA 01830
Real Estate Taxes6397
Tax Year2025
Assessed Value$597,300
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 38-40 9th Ave, Haverhill MA 01830
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 38-40 9th Ave, Haverhill MA 01830