Three-Unit Apartment
16 Dowfield Ter Lynn, MA 01904
New
For Sale
$1,150,000
MULTI_FAMILY - Lynn, MA
Property Size4,626 SF
Lot Size0.12 Acres
Price / SF$248.59
Days on Market2
Property Features for 16 Dowfield Ter
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
9
Bathrooms
4
Rooms
Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Parking
7
Standard status
Active
APN
M:054 B:207 L:013,1991425
Size
4,626 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9767
Building Details
Year built
1920
Floors in Building
4
Number of units
3
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 9:06AM
MLS# 73552929
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit apartment building features three true 6-room apartments, each offering over 1,500 square feet and traditional interior details including classic double parlors, high ceilings, and hardwood floors with spacious eat-in kitchens. Each unit has separate gas heat and hot water, with its own gas and electric utilities, plus washer and dryer hookups and a private rear porch. Additional exterior improvements include vinyl replacement windows.
The property includes a basement with four additional rooms and a full bath, along with 7 unobstructed off-street parking spaces. It is located on a quiet dead-end street, and the zoning is listed as R4. Lead compliance certificates are available for all three units.
The property includes a basement with four additional rooms and a full bath, along with 7 unobstructed off-street parking spaces. It is located on a quiet dead-end street, and the zoning is listed as R4. Lead compliance certificates are available for all three units.
Key Highlights
- Three‑family built in 1920 with three true 6‑room apartments
- Each unit offers over 1,500 SF with classic double parlors, high ceilings, hardwood floors, and spacious eat‑in kitchens
- Separate gas heat and separate hot water, plus gas and electric utilities for each unit
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three true 6-room apartments with separate gas systems and private rear porches, plus basement rooms and off-street parking.
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‑family built in 1920 with three true 6‑room apartments; Each unit offers over 1,500 SF with classic double parlors, high ceilings, hardwood floors, and spacious eat‑in kitchens; Separate gas heat and separate hot water, plus gas and electric utilities for each unit
