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 Market147
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,695
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
