Building Details

Building Size 3,726 SF

Year Built 1870

Buildings 1

Listing Agency: Clements Realty Group

Listed By: Eugene L. Clements Show Phone

Source: Classifiedrealtygroup

Added: Aug 24 Changed: Oct 3 Last Checked: Oct 16 at 6:11AM

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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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Investment Insights

Based on property information with market context.

This 3,726-square-foot triplex, built in 1870, contains three six-room units with three bedrooms per unit. Each apartment has separate utilities. The first-floor residence has been renovated and will be delivered vacant, offering flexibility for an owner-occupant or a new lease arrangement.

The property includes vinyl siding, a generous yard, and ample off-street parking. Located at 49 Camden Street in Lynn, Massachusetts, the building combines three residential units with practical exterior features and a recently updated ground-level apartment.

Key Highlights

• Three six‑room, three‑bedroom units
• 3,726 SF triplex built in 1870
• Recently renovated first‑floor unit delivered vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,887

Cap Rate

7.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,497,740 $1.5M

Cap Rate 7%

$1,069,814 $1.1M

Cap Rate 9%

$832,078 $832.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,726 SF

Gross rent

$114.0K $30.60/SF

− Vacancy

−$7.0K −$1.89/SF

EGI

$107.0K $28.71/SF

− OpEx

−$32.1K −$8.61/SF

NOI

$74.9K $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%

$1,497,740

Cap Rate 7%

$1,069,814

Cap Rate 9%

$832,078

Alternative Uses

Best Use

Multifamily LT 5

$1.07M

$936.1K – $1.25M (±1% cap)

NOI $74,887 @ 7.0% cap · market cap 7.57%

Second Best

Apartment 5plus

$929.6K

$813.4K – $1.08M (±1% cap)

NOI $65,071 @ 7.0% cap · market cap 6.58%

Theoretical Best

Office A

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,286 @ 7.0% cap · market cap 9.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

487

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-bedroom units feature separate utilities, off-street parking, and a generous yard.

Where is this triplex located?

The property is located at 49 Camden St Lynn, MA.

What is the asking price?

The asking price for this property is $989,000.

What are key features of this property?

This property features: Three six‑room, three‑bedroom units; 3,726 SF triplex built in 1870; Recently renovated first‑floor unit delivered vacant