Renovated Triplex with
New
For Sale
$1,099,995
253 Main St, Amesbury, MA 01913
Three separate living spaces include a two-family residence and an accessory dwelling unit.
Property Size4,651 SF
Days on Market6
Property Features for 253 Main St
General Information
Standard status
Active
Size
4,651 SF
Total Parking Spaces
8
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,769
Building Details
Building Size
4,651 SF
Year Built
1880
Listing Agency:
Lyv Realty
Listed By:
Candice Pagliarulo Hodgson · License #448551563
(781) 572-5966
Source:
Classifiedrealtygroup
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 28 at 5:19AM
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 Lyv Realty
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Investment Insights
Based on property information with market context.
Configured as a two-family residence with an accessory dwelling unit, this triplex was built in 1880 and has R20 zoning. The renovation extended to the roof, siding, driveway, building systems, plumbing, electrical, flooring, kitchens, and bathrooms. The property also has ample parking and a shared backyard.
Restaurants are nearby, and Newburyport is a short drive away.
Restaurants are nearby, and Newburyport is a short drive away.
Key Highlights
- Two‑family property with an accessory dwelling unit
- Renovated roof, siding, driveway, systems, plumbing, electrical, flooring, kitchens, and baths
- Ample parking and a shared backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,352
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,567,040
$1.6M
Cap Rate 7%
$1,119,314
$1.1M
Cap Rate 9%
$870,578
$870.6K
Market Conditions
NOI Build-Up for 4,651 SF
Gross rent
$117.2K $25.20/SF
− Vacancy
−$5.3K −$1.13/SF
EGI
$111.9K $24.07/SF
− OpEx
−$33.6K −$7.22/SF
NOI
$78.4K $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%
$1,567,040
Cap Rate 7%
$1,119,314
Cap Rate 9%
$870,578
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.4K – $1.31M
NOI $78,352 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$1.01M
$884.1K – $1.18M
NOI $70,725 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,736 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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Business Placement
Demographics for 01913, MA
17,366
Population
7,827
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
1,412
Density / Sq Mi
$100,599
Median Household Income
$60,627
Median Earnings
$1,573
Median Rent
$475,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces include a two-family residence and an accessory dwelling unit.
Where is this triplex located?
The property is located at 253 Main St Amesbury, MA.
What is the asking price?
The asking price for this property is $1,099,995.
What are key features of this property?
This property features: Two‑family property with an accessory dwelling unit; Renovated roof, siding, driveway, systems, plumbing, electrical, flooring, kitchens, and baths; Ample parking and a shared backyard
