3-Unit Multifamily
New
For Sale
$975,000
11 Sachem St, Lynn, MA 01902
Three separate utility setups and a basement with storage and laundry hookups support the building’s practical configuration.
Property Size3,199 SF
Price / SF$304.78
Days on Market7
Property Features for 11 Sachem St
General Information
Standard status
Active
Size
3,199 SF
Property subtype
3 Family
Building Details
Year Built
1900
Listing Agency:
Realty One Group Nest
(978) 255-4394
Listed By:
Vincent Forzese · License #456010970
(978) 273-1063
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 10:00AM
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 Realty One Group Nest
Investment Insights
Based on property information with market context.
Built in 1900, this 3,199-square-foot multifamily property contains three apartments: one with three bedrooms and one bath, plus two with two bedrooms and one bath each. Eat-in kitchens and generously sized bedrooms are among the unit features. Improvements over the years include kitchens, flooring, fixtures, windows, electrical systems, and other utilities. Each apartment has separate utilities, and the basement offers storage and laundry hookups. The property is zoned R3.
At 11 Sachem St in Lynn, the property is in the Diamond District, within a few blocks of the beach. Nearby services and destinations include commuter rail and MBTA service, Route 1A, North Shore Community College, downtown restaurants, and shopping.
At 11 Sachem St in Lynn, the property is in the Diamond District, within a few blocks of the beach. Nearby services and destinations include commuter rail and MBTA service, Route 1A, North Shore Community College, downtown restaurants, and shopping.
Key Highlights
- Three apartments: one 3‑bedroom/1‑bath unit and two 2‑bedroom/1‑bath units
- 3,199 square feet; built in 1900
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,295
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,900
$1.3M
Cap Rate 7%
$918,500
$918.5K
Cap Rate 9%
$714,389
$714.4K
Market Conditions
NOI Build-Up for 3,199 SF
Gross rent
$97.9K $30.60/SF
− Vacancy
−$6.0K −$1.89/SF
EGI
$91.8K $28.71/SF
− OpEx
−$27.6K −$8.61/SF
NOI
$64.3K $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%
$1,285,900
Cap Rate 7%
$918,500
Cap Rate 9%
$714,389
Alternative Uses
Best Use
Multifamily LT 5
$918.5K
$803.7K – $1.07M
NOI $64,295 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$798.1K
$698.3K – $931.1K
NOI $55,867 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.13M
$990.4K – $1.32M
NOI $79,233 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,687
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Three separate utility setups and a basement with storage and laundry hookups support the building’s practical configuration.
Where is this triplex located?
The property is located at 11 Sachem St Lynn, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three apartments: one 3‑bedroom/1‑bath unit and two 2‑bedroom/1‑bath units; 3,199 square feet; built in 1900; Separate utilities for each unit
