Detached Triplex with Solar
New
For Sale
$949,000
39 Orchard Street, Lynn, MA 01905
Three-family property with hardwood floors, outdoor decks, parking, and solar panels.
Property Size4,035 SF
Days on Market4
Property Features for 39 Orchard Street
General Information
Standard status
Active
Size
4,035 SF
Total Parking Spaces
6
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,193
Amenities
spacious backyard
parking lot
back decks
hardwood floors
solar panels
Building Details
Building Size
4,035 SF
Year Built
1920
Buildings
1
Listing Agency:
Perlera Real Estate
Listed By:
Saul Perlera · License #9051270
(617) 775-0609
Source:
Classifiedrealtygroup
Added: Sep 7
Last Checked: Sep 10 at 5:11AM
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 Perlera Real Estate
Investment Insights
Based on property information with market context.
Built in 1920, this detached triplex contains three residential units, each arranged with five rooms, two to three bedrooms, one bathroom, and hardwood flooring. The property also includes back decks, a spacious backyard, and a dedicated parking lot. Heating infrastructure consists of one gas system and two oil systems, while the electrical system has been updated and solar panels are installed.
Located at 39 Orchard Street in Lynn, MA 01905, the property combines three-family residential configuration with outdoor areas and on-site parking. The unit layouts, heating systems, electrical improvements, and solar installation provide a clear overview of the existing improvements.
Located at 39 Orchard Street in Lynn, MA 01905, the property combines three-family residential configuration with outdoor areas and on-site parking. The unit layouts, heating systems, electrical improvements, and solar installation provide a clear overview of the existing improvements.
Key Highlights
- Three‑unit detached property built in 1920
- Each unit has five rooms, two to three bedrooms, and one bathroom
- Hardwood floors throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,097
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,621,940
$1.6M
Cap Rate 7%
$1,158,529
$1.2M
Cap Rate 9%
$901,078
$901.1K
Market Conditions
NOI Build-Up for 4,035 SF
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.
Gross rent
$123.5K $30.60/SF
− Vacancy
−$7.6K −$1.89/SF
EGI
$115.9K $28.71/SF
− OpEx
−$34.8K −$8.61/SF
NOI
$81.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,621,940
Cap Rate 7%
$1,158,529
Cap Rate 9%
$901,078
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,097 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$1.01M
$880.8K – $1.17M
NOI $70,467 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,939 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 01905, MA
27,761
Population
9,583
Households
2.9
Avg Household Size
34
Median Age
21%
College-Educated
79%
High-School Grad
3.1 sq mi
ZIP Area
8,955
Density / Sq Mi
$84,341
Median Household Income
$42,983
Median Earnings
$1,749
Median Rent
$443,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with hardwood floors, outdoor decks, parking, and solar panels.
Where is this triplex located?
The property is located at 39 Orchard Street Lynn, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three‑unit detached property built in 1920; Each unit has five rooms, two to three bedrooms, and one bathroom; Hardwood floors throughout the units
