Triplex with Pocket
66-68 Boston St, Methuen, MA 01844
For Sale
New
$799,000
Three separate units are complemented by off-street parking and an outdoor yard.
Property Size3,868 SF
Days on Market4
Property Features for 66-68 Boston St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
The Gove Group Real Estate
Listed By:
Caroleann Ohannessian · License #9049637
(603) 235-0729
Source:
Donnellyandco
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 9:42AM
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 The Gove Group Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dating to 1900, this three-unit residential property contains 3,868 square feet, with spacious rooms and original details including built-in cabinetry and solid wood pocket doors. Major work completed over time includes updates to the roof, windows, siding, electrical systems, porches, and heating. The property also has off-street parking and a yard on a corner lot.
Shopping, restaurants, major routes, and local amenities are nearby. The occupant of the third-floor unit would like to remain as a tenant.
Shopping, restaurants, major routes, and local amenities are nearby. The occupant of the third-floor unit would like to remain as a tenant.
Key Highlights
- Three‑unit property with 3,868 square feet
- Built in 1900
- Solid wood pocket doors and built‑in cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,161
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,220
$1.3M
Cap Rate 7%
$930,871
$930.9K
Cap Rate 9%
$724,011
$724.0K
Market Conditions
NOI Build-Up for 3,868 SF
Gross rent
$97.5K $25.20/SF
− Vacancy
−$4.4K −$1.13/SF
EGI
$93.1K $24.07/SF
− OpEx
−$27.9K −$7.22/SF
NOI
$65.2K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,220
Cap Rate 7%
$930,871
Cap Rate 9%
$724,011
Alternative Uses
Best Use
Multifamily LT 5
$930.9K
$814.5K – $1.09M
NOI $65,161 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$840.3K
$735.2K – $980.3K
NOI $58,818 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,289 @ 7.0% cap · market cap 20.06%
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
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 01844, MA
52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Essex County, MA
Properties on Market for Triplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units are complemented by off-street parking and an outdoor yard.
Where is this triplex located?
The property is located at 66-68 Boston St Methuen, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three‑unit property with 3,868 square feet; Built in 1900; Solid wood pocket doors and built‑in cabinetry
