Renovated Owner’s Unit
48-50 Laighton St, Lynn, MA 01902
For Sale
$1,075,000
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 Market98
Property Features for 48-50 Laighton St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
off-street parking
separate utilities
Building Details
Year Built
Listing Agency:
Clements Realty Group
Listed By:
Eugene L. Clements
(978) 998-9600
Source:
Gooddeedsrealtypartners
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 4:52PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$72,475
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
$456,000
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Lynn, MA
Properties on Market for Triplexes in Lynn
Vacancy Rate% for Multifamily in Northeast region
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 St 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
