Three-Unit Triplex with Private
For Sale
$895,000
Pending
101 Eutaw Ave, Lynn, MA 01902
Multifamily property with spacious apartment layouts, updated electrical service, basement storage, and off-street parking.
Property Size3,612 SF
Days on Market58
Property Features for 101 Eutaw Ave
General Information
Standard status
Pending
Size
3,612 SF
Total Parking Spaces
2
Property subtype
3 Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
private porches
basement
Building Details
Building Size
3,612 SF
Year Built
1933
Tenancy
Multi
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
DalBon & Company
(978) 882-4623
Source:
Iverty
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 15 at 1:25AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
Built in 1933, this 3,612-square-foot triplex contains three apartments, each with three bedrooms and a double-parlor layout. Separate living and dining rooms provide distinct interior areas within each residence. The property also includes private porches, clean shared areas, updated circuit-breaker electrical service, and a large basement described as clean and dry.
Two off-street parking spaces are included. The apartments are occupied by long-term tenants with a documented history of timely rent payments and cooperative access arrangements during the sale process. The property is situated in Lynn near shopping, public transportation, and major commuter routes.
Two off-street parking spaces are included. The apartments are occupied by long-term tenants with a documented history of timely rent payments and cooperative access arrangements during the sale process. The property is situated in Lynn near shopping, public transportation, and major commuter routes.
Key Highlights
- Three apartments, each with three bedrooms and a double‑parlor layout
- 3,612 square feet on a property built in 1933
- Private porches for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,595
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,900
$1.5M
Cap Rate 7%
$1,037,071
$1.0M
Cap Rate 9%
$806,611
$806.6K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$110.5K $30.60/SF
− Vacancy
−$6.8K −$1.89/SF
EGI
$103.7K $28.71/SF
− OpEx
−$31.1K −$8.61/SF
NOI
$72.6K $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%
$1,451,900
Cap Rate 7%
$1,037,071
Cap Rate 9%
$806,611
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.4K – $1.21M
NOI $72,595 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$901.1K
$788.5K – $1.05M
NOI $63,080 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,462 @ 7.0% cap · market cap 10.00%
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
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
835
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
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 - Multifamily property with spacious apartment layouts, updated electrical service, basement storage, and off-street parking.
Where is this triplex located?
The property is located at 101 Eutaw Ave Lynn, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three apartments, each with three bedrooms and a double‑parlor layout; 3,612 square feet on a property built in 1933; Private porches for the apartments
