Renovated Owner’s Unit
For Sale
$1,075,000
48-50 Laighton Street, Lynn, MA 01902
Three three-bedroom units with separate utilities and off-street parking, including a renovated owner’s residence.
Property Size3,606 SF
Price / SF$298.11
Days on Market9
Property Features for 48-50 Laighton Street
General Information
Standard status
Active
Size
3,606 SF
Property subtype
Multi-family
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
off-street parking
separate utilities
Building Details
Year Built
1900
Listing Agency:
Clements Realty Group
Listed By:
Eugene L. Clements
(508) 287-2695
Source:
Demakis
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 10:18AM
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 Clements Realty Group
Investment Insights
Based on property information with market context.
This 3,606-square-foot triplex, built in 1900, contains 15 rooms and nine bedrooms across three three-bedroom units. Separate utilities serve the apartments, while off-street parking adds practical convenience. The property has been fully deleaded throughout the interior and exterior.
The owner’s unit has been renovated with an open layout, hardwood flooring, granite countertops, and updated finishes. A projected rental arrangement for the second-floor unit provides an additional income component for an owner-occupant or investor. The three-family configuration combines a dedicated residence with two other units in one multifamily property.
The owner’s unit has been renovated with an open layout, hardwood flooring, granite countertops, and updated finishes. A projected rental arrangement for the second-floor unit provides an additional income component for an owner-occupant or investor. The three-family configuration combines a dedicated residence with two other units in one multifamily property.
Key Highlights
- 3,606 SF triplex with 15 rooms and 9 bedrooms
- Three three‑bedroom units in a three‑family configuration
- Separate utilities for 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
$72,475
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
6.74%
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%
$1,449,500
$1.4M
Cap Rate 7%
$1,035,357
$1.0M
Cap Rate 9%
$805,278
$805.3K
Market Conditions
NOI Build-Up for 3,606 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
$110.3K $30.60/SF
− Vacancy
−$6.8K −$1.89/SF
EGI
$103.5K $28.71/SF
− OpEx
−$31.1K −$8.61/SF
NOI
$72.5K $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%
$1,449,500
Cap Rate 7%
$1,035,357
Cap Rate 9%
$805,278
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$905.9K – $1.21M
NOI $72,475 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$899.6K
$787.2K – $1.05M
NOI $62,975 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,313 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,248
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 three-bedroom units with separate utilities and off-street parking, including a renovated owner’s residence.
Where is this triplex located?
The property is located at 48-50 Laighton Street Lynn, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 3,606 SF triplex with 15 rooms and 9 bedrooms; Three three‑bedroom units in a three‑family configuration; Separate utilities for the units
