Oversized Triplex with Three-Car
For Sale
$1,099,900
42 Baker Street, Lynn, MA 01902
Three-unit triple-decker with separate utilities, semi-finished basement, and a two-level three-car garage plus large parking lot.
Property Size3,650 SF
Price / SF$301.34
Days on Market64
Property Features for 42 Baker Street
General Information
Standard status
Active
Size
3,650 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
Century 21 Mario Real Estate
Listed By:
Veraluxe Team
(617) 680-0690
Source:
Inrealtyinc
Added: May 28
Changed: Jul 21
Last Checked: Jul 22 at 7:56AM
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 Century 21 Mario Real Estate
Investment Insights
Based on property information with market context.
This oversized triplex offers three distinct residential units within a triple-decker layout. The first-floor unit features 3 bedrooms and 2 bathrooms. The second-floor unit features 4 bedrooms and 1 bathroom. The top-floor unit features 2 bedrooms and 1 bathroom. A semi-finished basement includes two additional bathrooms, providing flexible bonus or entertainment space. The property also includes a rare, two-level three-car garage and a large parking lot. All units have separate utilities.
The location is described as just off major routes, with access tied to Route 107 and the Lynnway, supporting convenient connections to shopping, dining, and transportation.
Overall, the configuration combines three separate units with practical on-site parking and expanded lower-level space, while the separate utilities help streamline day-to-day operations across units.
The location is described as just off major routes, with access tied to Route 107 and the Lynnway, supporting convenient connections to shopping, dining, and transportation.
Overall, the configuration combines three separate units with practical on-site parking and expanded lower-level space, while the separate utilities help streamline day-to-day operations across units.
Key Highlights
- Oversized triple‑decker built in 1900 featuring three separate units and a semi‑finished basement
- Unit mix: 1st floor has 3 bedrooms/2 baths; 2nd floor has 4 bedrooms/1 bath; top floor has 2 bedrooms/1 bath
- Semi‑finished basement includes two additional bathrooms for extra entertainment or bonus space
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 | $111.7k | $30.60 |
| − Vacancy | −$6.9k | −$1.89 |
| EGI | $104.8k | $28.71 |
| − OpEx | −$31.4k | −$8.61 |
| NOI | $73.4k | $20.10 |
3,650 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$917.0K – $1.22M
NOI $73,359 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$910.6K
$796.8K – $1.06M
NOI $63,743 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,403 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
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 triple-decker with separate utilities, semi-finished basement, and a two-level three-car garage plus large parking lot.
Where is this triplex located?
The property is located at 42 Baker Street Lynn, MA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Oversized triple‑decker built in 1900 featuring three separate units and a semi‑finished basement; Unit mix: 1st floor has 3 bedrooms/2 baths; 2nd floor has 4 bedrooms/1 bath; top floor has 2 bedrooms/1 bath; Semi‑finished basement includes two additional bathrooms for extra entertainment or bonus space
