Triplex with Private
For Sale
$895,000
Pending
101 Eutaw Ave, Lynn, MA 01902
Residential Income, Lynn, MA
Property Size3,612 SF
Lot Size0.05 Acres
Days on Market58
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 5, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 9, Bedroom 3, Bathroom 3
Parking
2
Directions
Western Ave to Eutaw Ave
Standard status
Pending
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
(781) 395-5600
Added: Aug 19
Changed: Oct 12
Last Checked: Oct 15 at 6:06AM
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 / 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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
