Three-Unit Income
10 Adams St Lynn, MA 01902
10 Adams St, Lynn, MA, 01902
$1,050,000
For Sale
$1,050,000
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 Market100
Property Features for 10 Adams St
General Information
- Standard status
- Active
- Size
- 3,816 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
New Boston Real Estate Services, LLC
(617) 884-7500
Listed by
Matthew Quiceno · License #9579715
Source
Arborviewrealtyinc
Added: Apr 13 Updated: Jul 21 at 4:43AM 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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.8k | $30.60 |
| − Vacancy | −$7.2k | −$1.89 |
| EGI | $109.6k | $28.71 |
| − OpEx | −$32.9k | −$8.61 |
| NOI | $76.7k | $20.10 |
3,816 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
