Three-Unit Residential Income
For Sale
$1,050,000
10 Adams Street, Lynn, MA 01902
Three-family property with matching unit layouts, each offering 3 bedrooms, 1 bath, and an eat-in kitchen.
Property Size3,816 SF
Price / SF$275.16
Days on Market110
Property Features for 10 Adams Street
General Information
Standard status
Active
Size
3,816 SF
Total Parking Spaces
3
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Stories
3
Tenancy
Multi
Listing Agency:
New Boston Real Estate Services,LLC
Listed By:
Matthew Quiceno
(617) 731-4644
Source:
Hammondre
Added: Apr 14
Changed: Jul 20
Last Checked: Jul 21 at 6:41AM
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 Street in Lynn, MA offers a three-family residential income setup with three floors and units that mirror one another. Each unit features 3 bedrooms and 1 bath, along with an eat-in kitchen and a generous living room, creating a straightforward, repeatable layout across the property.
The building is currently generating $7,000/month in gross rent, with two tenants at-will and one lease in place. A total of three tandem parking spaces supports tenant convenience and daily parking needs.
Overall, the property presents a clean, consistent three-unit configuration designed for residential occupancy, with rent already in place and immediate operating continuity.
The building is currently generating $7,000/month in gross rent, with two tenants at-will and one lease in place. A total of three tandem parking spaces supports tenant convenience and daily parking needs.
Overall, the property presents a clean, consistent three-unit configuration designed for residential occupancy, with rent already in place and immediate operating continuity.
Key Highlights
- Three‑family at 10 Adams St built in 1910 with 3,816 sq ft across three floors
- Each unit features 3 bedrooms, 1 bath, an eat‑in kitchen, and a generous living room
- Currently generates $7,000/month in gross rent with two tenants at‑will and one lease in place
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 authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with matching unit layouts, each offering 3 bedrooms, 1 bath, and an eat-in kitchen.
Where is this triplex located?
The property is located at 10 Adams Street 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: Three‑family at 10 Adams St built in 1910 with 3,816 sq ft across three floors; Each unit features 3 bedrooms, 1 bath, an eat‑in kitchen, and a generous living room; Currently generates $7,000/month in gross rent with two tenants at‑will and one lease in place
