Triplex With Ocean
For Sale
$1,250,000
49 Atlantic Terrace, Lynn, MA 01902
Three residential units feature period character, basement laundry, separate electric, and three-car parking.
Property Size3,750 SF
Price / SF$333.33
Days on Market83
Property Features for 49 Atlantic Terrace
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
R2
Taxes and HOA fees
Annual Taxes
$12,817
Building Details
Building Size
3,750 SF
Year Built
1900
Stories
4
Listing Agency:
Carey Giampa, LLC/Seabrook Beach
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 10
Changed: Aug 29
Last Checked: Aug 31 at 1:37PM
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 Carey Giampa, LLC/Seabrook Beach
Investment Insights
Based on property information with market context.
This R2-zoned triplex contains 3,750 square feet of living space across three residential units on a 5,955-square-foot lot. The first-floor apartment has 4+ rooms, one bedroom, a dining room, eat-in kitchen, sunroom, and one bath. The second-floor unit includes four rooms, two bedrooms, two baths, and is currently vacant. The third-floor apartment offers three rooms, one bedroom, a kitchen, living room, and one bath.
Built in 1900, the property retains period features including hardwood floors, fireplaces, original-style windows and doors, a staircase, and detailed moldings. A newer coin-operated washer and dryer are located in the basement. The building has one heating system, separate electric, and three-car parking. The property is at 49 Atlantic Terrace in Lynn, near beaches, North Shore Community College, Lynn Marina/Yacht Club, and commuter rail service to Boston.
Built in 1900, the property retains period features including hardwood floors, fireplaces, original-style windows and doors, a staircase, and detailed moldings. A newer coin-operated washer and dryer are located in the basement. The building has one heating system, separate electric, and three-car parking. The property is at 49 Atlantic Terrace in Lynn, near beaches, North Shore Community College, Lynn Marina/Yacht Club, and commuter rail service to Boston.
Key Highlights
- 3,750 sq.ft. of living space on 5,955 sq.ft. of land
- Three residential units; 2nd‑floor unit is currently vacant
- Ocean views of Nahant Bay
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
$75,369
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
6.03%
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%
$1,507,380
$1.5M
Cap Rate 7%
$1,076,700
$1.1M
Cap Rate 9%
$837,433
$837.4K
Market Conditions
NOI Build-Up for 3,750 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
$114.8K $30.60/SF
− Vacancy
−$7.1K −$1.89/SF
EGI
$107.7K $28.71/SF
− OpEx
−$32.3K −$8.61/SF
NOI
$75.4K $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%
$1,507,380
Cap Rate 7%
$1,076,700
Cap Rate 9%
$837,433
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$942.1K – $1.26M
NOI $75,369 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$935.6K
$818.6K – $1.09M
NOI $65,490 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,880 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,026
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 residential units feature period character, basement laundry, separate electric, and three-car parking.
Where is this triplex located?
The property is located at 49 Atlantic Terrace Lynn, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,750 sq.ft. of living space on 5,955 sq.ft. of land; Three residential units; 2nd‑floor unit is currently vacant; Ocean views of Nahant Bay
