Carlson of New England Realty Advisors LLC brokers $1.69 million sale of Summer Street Apartments in Haverhill, MA

Haverhill, MA New England Realty Advisors LLC has completed the sale of 85-87 Summer St., an eight-unit multifamily property known as Summer Street Apartments, for $1.69 million. The transaction equates to a sale price of $211,250 per unit and reflects the strong, sustained investor appetite for well-located, cash-flowing multifamily assets in the Merrimack Valley.

Summer Street Apartments is a fully occupied, turnkey property comprised of seven one-bedroom units and one two-bedroom unit. Six of the eight units have been renovated with modern finishes and hardwood floors, and the building benefits from a brand-new off-street parking lot completed in 2023, on-site coin-operated laundry, and separate utilities with tenants responsible for their own heat and electricity. Situated just off downtown and within 1.5 miles of two MBTA Commuter Rail stations, the property offers residents access to Boston roughly 35 miles to the south, as well as tax-free shopping across the nearby New Hampshire border.

The property was openly marketed, and Brad Carlson, founder and CEO of New England Realty Advisors, represented the seller and procured the buyer in the transaction.

“We brought Summer Street to market and were met with an immediate wave of interest – demand for eight-unit, value-add multifamily in Haverhill and the surrounding Merrimack Valley is as strong as I have seen it,” said Carlson. “Buyers are competing aggressively for assets of this size, and this closing is a clear reflection of that.”

The sale of 85-87 Summer St. is the latest in a series of closings for New England Realty Advisors. The firm has established itself as a leader in cross-border transactions, frequently assisting investors as they scale and reposition capital across Massachusetts and New Hampshire through strategic 1031 exchanges and off-market opportunities.