Three-Family Residential
16-18 Annis St, Methuen, MA 01844
For Sale
$999,999
Pending
Three-bedroom layouts and additional flexible rooms provide adaptable space in each of the three units.
Property Size1,900 SF
Days on Market22
Property Features for 16-18 Annis St
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Capital Real Estate Group LLC
(978) 235-5136
Listed By:
Esthefanie Castillo
(201) 232-4682
Source:
Iverty
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 7:05AM
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 Capital Real Estate 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 triplex contains 3,519 square feet and was built in 1900. Each of its three units has three bedrooms, one full bathroom, and an additional flexible room. The first unit also includes extension rooms and extra living area in a lower-level in-law space.
The property is located at 16-18 Annis St in Methuen, Massachusetts. Its configuration includes three residential units with the described bedroom and bathroom layout.
The property is located at 16-18 Annis St in Methuen, Massachusetts. Its configuration includes three residential units with the described bedroom and bathroom layout.
Key Highlights
- Three units, each with three bedrooms, one full bathroom, and an additional flexible room
- Unit 1 includes extension rooms and lower‑level in‑law living area
- 3,519 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,282
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,640
$1.2M
Cap Rate 7%
$846,886
$846.9K
Cap Rate 9%
$658,689
$658.7K
Market Conditions
NOI Build-Up for 3,519 SF
Gross rent
$88.7K $25.20/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$84.7K $24.07/SF
− OpEx
−$25.4K −$7.22/SF
NOI
$59.3K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,640
Cap Rate 7%
$846,886
Cap Rate 9%
$658,689
Alternative Uses
Best Use
Multifamily LT 5
$846.9K
$741.0K – $988.0K
NOI $59,282 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$764.4K
$668.9K – $891.9K
NOI $53,511 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,826 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 01844, MA
52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Essex County, MA
Properties on Market for Triplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom layouts and additional flexible rooms provide adaptable space in each of the three units.
Where is this triplex located?
The property is located at 16-18 Annis St Methuen, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three units, each with three bedrooms, one full bathroom, and an additional flexible room; Unit 1 includes extension rooms and lower‑level in‑law living area; 3,519 square feet; built in 1900
