Triplex with Roof
For Sale
$1,248,000
Pending
80 Bow Street, Lexington, MA 02420
Three separate residences with varied layouts, separately metered utilities, laundry, garage parking, and a small yard.
Property Size2,356 SF
Days on Market123
Property Features for 80 Bow Street
General Information
Standard status
Pending
Size
2,356 SF
Total Parking Spaces
9
Property subtype
3 Family
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/2BA
Multifamily Units
3
Amenities
coin-operated laundry
roof deck
small yard
Building Details
Year Built
1910
Listing Agency:
Barrett Sotheby's International Realty
(781) 264-2661
Listed By:
Judith Moore
(781) 264-2661
Source:
Lockandkeyre
Added: Apr 30
Changed: Aug 29
Last Checked: Aug 29 at 10:08PM
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 Barrett Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1910, this 2,356-square-foot triplex contains three distinct residences with varied layouts. The first unit has two bedrooms, a living room, full bath, and updated kitchen with granite countertops. The second occupies two levels, with living, kitchen, and bath areas on one floor plus a bedroom and additional bath above. The largest residence includes two bedrooms, a sunroom or family room, living room, kitchen, and bath.
Utilities are separately metered except for water and sewer. The property also includes Navien high-efficiency heating systems, coin-operated laundry, a roof deck, a small yard, 3 garage spaces, and 6 additional parking spots. Located on Bow Street in Lexington, the property is a short stroll from Mass Ave shopping and restaurants, the bike path, Arlington Reservoir Beach, and public transportation.
Utilities are separately metered except for water and sewer. The property also includes Navien high-efficiency heating systems, coin-operated laundry, a roof deck, a small yard, 3 garage spaces, and 6 additional parking spots. Located on Bow Street in Lexington, the property is a short stroll from Mass Ave shopping and restaurants, the bike path, Arlington Reservoir Beach, and public transportation.
Key Highlights
- Three‑family property totaling 2,356 square feet
- Three distinct residences, including a two‑level second unit
- 3 garage spaces plus 6 additional parking spots
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
$49,854
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
3.99%
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%
$997,080
$997.1K
Cap Rate 7%
$712,200
$712.2K
Cap Rate 9%
$553,933
$553.9K
Market Conditions
NOI Build-Up for 2,356 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
$74.9K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$71.2K $30.23/SF
− OpEx
−$21.4K −$9.07/SF
NOI
$49.9K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /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%
$997,080
Cap Rate 7%
$712,200
Cap Rate 9%
$553,933
Alternative Uses
Best Use
Multifamily LT 5
$712.2K
$623.2K – $830.9K
NOI $49,854 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$669.7K
$586.0K – $781.3K
NOI $46,876 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 02420, MA
15,502
Population
5,759
Households
2.7
Avg Household Size
45
Median Age
85%
College-Educated
98%
High-School Grad
7.0 sq mi
ZIP Area
2,215
Density / Sq Mi
$233,068
Median Household Income
$124,695
Median Earnings
$2,771
Median Rent
$1,148,100
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 separate residences with varied layouts, separately metered utilities, laundry, garage parking, and a small yard.
Where is this triplex located?
The property is located at 80 Bow Street Lexington, MA.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Three‑family property totaling 2,356 square feet; Three distinct residences, including a two‑level second unit; 3 garage spaces plus 6 additional parking spots
