Triplex with Private
New
For Sale
$895,000
101 Eutaw Ave, Lynn, MA 01902
Residential Income, Lynn, MA
Property Size3,612 SF
Lot Size0.05 Acres
Price / SF$247.79
Days on Market4
Property Features for 101 Eutaw Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 9, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 8
Parking
2
Directions
Western Ave to Eutaw Ave
Standard status
Active
APN
M:097 B:495 L:036,1999433
Size
3,612 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7983
Amenities
private porches
basement
Building Details
Year built
1933
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 5:06PM
MLS# 73556662
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-family property contains three apartments, each arranged with three bedrooms, double parlors, and distinct living and dining rooms. The 3,612-square-foot building was constructed in 1933 and 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 on the 0.0549-acre lot.
The property is located at 101 Eutaw Ave in Lynn, Massachusetts, near shopping, public transportation, and major commuter routes. Long-term tenants have a history of on-time rent payments and have cooperated with ownership to facilitate buyer access during the sale process. The property carries R1 zoning.
The property is located at 101 Eutaw Ave in Lynn, Massachusetts, near shopping, public transportation, and major commuter routes. Long-term tenants have a history of on-time rent payments and have cooperated with ownership to facilitate buyer access during the sale process. The property carries R1 zoning.
Key Highlights
- Three‑family property with three 3‑bedroom apartments
- 3,612 SF building constructed in 1933
- 0.0549‑acre lot with two off‑street parking spaces
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
$72,595
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
8.11%
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%
$1,451,900
$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
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
$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 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%
$1,451,900
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
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 - R1-zoned multifamily building with three-bedroom apartments, updated electrical service, and a dry basement.
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‑family property with three 3‑bedroom apartments; 3,612 SF building constructed in 1933; 0.0549‑acre lot with two off‑street parking spaces
