Triplex with Three True 6-Room
New
For Sale
$1,150,000
16 Dowfield Ter, Lynn, MA 01904
Three-unit triplex built in 1920 with separate utilities, in-unit washer/dryer hookups, and a private rear porch for each unit.
Property Size4,626 SF
Price / SF$248.59
Days on Market4
Property Features for 16 Dowfield Ter
General Information
Standard status
Active
Size
4,626 SF
Total Parking Spaces
7
Property subtype
3 Family - 3 Units Up/Down
Additional Details
Multifamily Units
3
Amenities
washer/dryer hookups
private rear porch
Building Details
Year Built
1920
Listing Agency:
Lock and Key Realty
(413) 717-0635
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 6:07AM
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 Lock and Key Realty
Investment Insights
Based on property information with market context.
This three-family triplex built in 1920 features three true 6-room apartments. Each unit offers over 1,500 square feet, classic double parlors, high ceilings, hardwood floors, and spacious eat-in kitchens. Apartment layouts include separate gas heat and hot water, with each unit having its own gas and electric utilities. Washer and dryer hookups are provided for each unit, along with a private rear porch.
Additional property features include vinyl replacement windows, a basement with four additional rooms and a full bath, and 7 unobstructed off-street parking spaces. The home is located on a quiet dead-end street. Lead compliance certificates are available for all 3 units.
The property is described as having long-term tenants averaging 19 years and an excellent history of on-time rent payments.
Additional property features include vinyl replacement windows, a basement with four additional rooms and a full bath, and 7 unobstructed off-street parking spaces. The home is located on a quiet dead-end street. Lead compliance certificates are available for all 3 units.
The property is described as having long-term tenants averaging 19 years and an excellent history of on-time rent payments.
Key Highlights
- Three true 6‑room apartments, each with over 1,500 SF
- Separate gas heat and hot water for each unit
- Each unit has its own gas and electric utilities plus washer and dryer hookups
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.6k | $30.60 |
| − Vacancy | −$8.7k | −$1.89 |
| EGI | $132.8k | $28.71 |
| − OpEx | −$39.8k | −$8.61 |
| NOI | $93.0k | $20.10 |
4,626 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,975 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,788 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,577 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
Explore this area
Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex built in 1920 with separate utilities, in-unit washer/dryer hookups, and a private rear porch for each unit.
Where is this triplex located?
The property is located at 16 Dowfield Ter Lynn, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three true 6‑room apartments, each with over 1,500 SF; Separate gas heat and hot water for each unit; Each unit has its own gas and electric utilities plus washer and dryer hookups
