Three-Unit Income
For Sale
$1,050,000
10 Adams St, Lynn, MA 01902
Triplex offering three mirrored units with 3 bedrooms and 1 bath, plus tandem parking for residents.
Property Size3,816 SF
Price / SF$275.16
Days on Market192
Property Features for 10 Adams St
General Information
Standard status
Active
Size
3,816 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
R2
Taxes and HOA fees
Annual Taxes
$9,335
Amenities
false
Natural Gas
Range, Refrigerator
Living Room, Kitchen
No
Rubber
3
Building Details
Year Built
1910
Stories
3
Listing Agency:
New Boston Real Estate Services, LLC
Listed By:
Matthew Quiceno · License #9579715
(617) 884-7500
Source:
Arborviewrealtyinc
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 21 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Boston Real Estate Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
10 Adams St presents a three-family residential income property arranged across three floors, totaling 3,816 sq ft. Each unit features a well-proportioned layout with 3 bedrooms, 1 bath, an eat-in kitchen, and a generous living room.
The property is currently generating $7,000/month in gross rent, with two tenants at-will and one lease in place. Three tandem parking spaces provide convenient off-street parking for residents.
For buyers seeking a multi-unit structure designed for consistency across units, this triplex offers the same core configuration in each apartment and an income stream in place at the time of sale.
The property is currently generating $7,000/month in gross rent, with two tenants at-will and one lease in place. Three tandem parking spaces provide convenient off-street parking for residents.
For buyers seeking a multi-unit structure designed for consistency across units, this triplex offers the same core configuration in each apartment and an income stream in place at the time of sale.
Key Highlights
- 3‑family (triplex) built in 1910 with 3 mirrored units, each offering 3 bedrooms and 1 bath
- Total living area is 3,816 sq ft across three floors
- Currently generates $7,000/month in gross rent with two tenants at‑will and one lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,695
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,900
$1.5M
Cap Rate 7%
$1,095,643
$1.1M
Cap Rate 9%
$852,167
$852.2K
Market Conditions
NOI Build-Up for 3,816 SF
Gross rent
$116.8K $30.60/SF
− Vacancy
−$7.2K −$1.89/SF
EGI
$109.6K $28.71/SF
− OpEx
−$32.9K −$8.61/SF
NOI
$76.7K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,900
Cap Rate 7%
$1,095,643
Cap Rate 9%
$852,167
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$958.7K – $1.28M
NOI $76,695 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$952.0K
$833.0K – $1.11M
NOI $66,642 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,515 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering three mirrored units with 3 bedrooms and 1 bath, plus tandem parking for residents.
Where is this triplex located?
The property is located at 10 Adams St Lynn, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3‑family (triplex) built in 1910 with 3 mirrored units, each offering 3 bedrooms and 1 bath; Total living area is 3,816 sq ft across three floors; Currently generates $7,000/month in gross rent with two tenants at‑will and one lease in place
