3-Unit Multifamily
New
For Sale
$1,099,000
147-149 Tracy Avenue, Lynn, MA 01902
Separate utility meters, outdoor decks, off-street parking, and a two-car garage serve the residential units.
Property Size3,162 SF
Price / SF$347.56
Days on Market4
Property Features for 147-149 Tracy Avenue
General Information
Standard status
Active
Size
3,162 SF
Property subtype
Multi-family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Amenities
private outdoor deck space
Building Details
Year Built
1915
Listing Agency:
Tremont Realty Group,LLC
Listed By:
Demostenes Nunez
(781) 780-5730
Source:
Stevebremis
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 1:46PM
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 Tremont Realty Group,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3-unit residential property contains approximately 3,162 square feet of living space. Each apartment has two bedrooms, one full bathroom, hardwood floors, and living areas. Separate utility meters serve the units, and each has private outdoor deck space. The property also includes off-street parking and a two-car garage.
Located on a residential street in Lynn, the property is near schools, shopping, and public transportation. Built in 1915, it offers three distinct apartments in a multifamily configuration.
Located on a residential street in Lynn, the property is near schools, shopping, and public transportation. Built in 1915, it offers three distinct apartments in a multifamily configuration.
Key Highlights
- Three residential units, each with two bedrooms and one full bathroom
- Approximately 3,162 square feet of living space
- Separate utility meters for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,551
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,020
$1.3M
Cap Rate 7%
$907,871
$907.9K
Cap Rate 9%
$706,122
$706.1K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$96.8K $30.60/SF
− Vacancy
−$6.0K −$1.89/SF
EGI
$90.8K $28.71/SF
− OpEx
−$27.2K −$8.61/SF
NOI
$63.6K $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%
$1,271,020
Cap Rate 7%
$907,871
Cap Rate 9%
$706,122
Alternative Uses
Best Use
Multifamily LT 5
$907.9K
$794.4K – $1.06M
NOI $63,551 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$788.9K
$690.3K – $920.4K
NOI $55,221 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.12M
$979.0K – $1.31M
NOI $78,316 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
864
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
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility meters, outdoor decks, off-street parking, and a two-car garage serve the residential units.
Where is this triplex located?
The property is located at 147-149 Tracy Avenue Lynn, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three residential units, each with two bedrooms and one full bathroom; Approximately 3,162 square feet of living space; Separate utility meters for the apartments
