Detached Triplex with Solar
For Sale
$949,000
Pending
39 Orchard Street, Lynn, MA 01905
Three-family property with hardwood floors, outdoor decks, parking, and solar panels.
Property Size4,035 SF
Days on Market53
Property Features for 39 Orchard Street
General Information
Standard status
Pending
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
Changed: Oct 25
Last Checked: Oct 28 at 5:18AM
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
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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 / Yr
$81,097
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
