Renovated Third-Floor Unit
For Sale
$899,900
12 Linwood Pl, Lynn, MA 01905
Well-maintained three-family home with separate utilities, a fenced yard, and off-street parking on a private dead-end street.
Property Size2,779 SF
Price / SF$323.82
Days on Market48
Property Features for 12 Linwood Pl
General Information
Standard status
Active
Size
2,779 SF
Property subtype
3 Family - 3 Units Up/Down
Additional Details
Utilities to Site
Yes
Amenities
separate utilities for each unit
fenced-in yard
Building Details
Building Size
2,779 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Jul 28
Changed: Sep 13
Last Checked: Sep 13 at 10:16AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained three-family triplex features a tastefully renovated third-floor unit. Each unit has separate utilities, supporting independent metering and tenant-ready setups. The property also includes a fenced-in yard and ample off-street parking for residents and guests. Built in 1900, the home is positioned for use by an owner-occupant in the renovated unit or for rental occupancy across all three levels.
The residence is located on a private dead-end street in the Lower Pine Hill neighborhood of Lynn, MA. It is convenient to shopping, restaurants, public transportation, and major commuter routes, offering practical day-to-day access for future occupants.
Overall, the layout and utility separation are key considerations for tenants and owners looking for straightforward, unit-by-unit living arrangements while keeping outdoor space and parking on site.
The residence is located on a private dead-end street in the Lower Pine Hill neighborhood of Lynn, MA. It is convenient to shopping, restaurants, public transportation, and major commuter routes, offering practical day-to-day access for future occupants.
Overall, the layout and utility separation are key considerations for tenants and owners looking for straightforward, unit-by-unit living arrangements while keeping outdoor space and parking on site.
Key Highlights
- Tastefully renovated third‑floor unit in a three‑family triplex
- Separate utilities for each unit
- Fenced‑in yard
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
$55,853
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
6.21%
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%
$1,117,060
$1.1M
Cap Rate 7%
$797,900
$797.9K
Cap Rate 9%
$620,589
$620.6K
Market Conditions
NOI Build-Up for 2,779 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
$85.0K $30.60/SF
− Vacancy
−$5.2K −$1.89/SF
EGI
$79.8K $28.71/SF
− OpEx
−$23.9K −$8.61/SF
NOI
$55.9K $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%
$1,117,060
Cap Rate 7%
$797,900
Cap Rate 9%
$620,589
Alternative Uses
Best Use
Multifamily LT 5
$797.9K
$698.2K – $930.9K
NOI $55,853 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$693.3K
$606.7K – $808.9K
NOI $48,532 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$983.3K
$860.4K – $1.15M
NOI $68,830 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 01905, MA
27,761
Population
9,583
Households
2.9
Avg Household Size
34
Median Age
21%
College-Educated
79%
High-School Grad
3.1 sq mi
ZIP Area
8,955
Density / Sq Mi
$84,341
Median Household Income
$42,983
Median Earnings
$1,749
Median Rent
$443,200
Median Home Value
Check the figures for this property
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 - Well-maintained three-family home with separate utilities, a fenced yard, and off-street parking on a private dead-end street.
Where is this triplex located?
The property is located at 12 Linwood Pl Lynn, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Tastefully renovated third‑floor unit in a three‑family triplex; Separate utilities for each unit; Fenced‑in yard
