Triplex with Two-Sided
New
For Sale
$899,900
80 East Main St., Merrimac, MA 01860
Residents pay their own gas heat and electricity, while driveways serve both sides of the building.
Property Size3,974 SF
Days on Market2
Property Features for 80 East Main St.
General Information
Standard status
Active
Size
3,974 SF
Total Parking Spaces
6
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,500
Building Details
Building Size
3,974 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Properties Unlimited
Listed By:
Robert Palmisano · License #456000144
(978) 815-0941
Source:
Classifiedrealtygroup
Added: Nov 1
Last Checked: Nov 1 at 3:13PM
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 Properties Unlimited
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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 triplex is located on East Main Street in Merrimac, Massachusetts. The building has driveways on both sides, and all tenants pay for their own gas heat and electricity.
The property is situated on the Amesbury–Merrimac line and less than a mile from Route 495.
The property is situated on the Amesbury–Merrimac line and less than a mile from Route 495.
Key Highlights
- Triplex property
- Driveways on both sides of the building
- Tenants pay their own gas heat and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,947
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,940
$1.3M
Cap Rate 7%
$956,386
$956.4K
Cap Rate 9%
$743,856
$743.9K
Market Conditions
NOI Build-Up for 3,974 SF
Gross rent
$100.1K $25.20/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$95.6K $24.07/SF
− OpEx
−$28.7K −$7.22/SF
NOI
$66.9K $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%
$1,338,940
Cap Rate 7%
$956,386
Cap Rate 9%
$743,856
Alternative Uses
Best Use
Multifamily LT 5
$956.4K
$836.8K – $1.12M
NOI $66,947 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$863.3K
$755.4K – $1.01M
NOI $60,430 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,682 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 01860, MA
6,723
Population
2,851
Households
2.4
Avg Household Size
47
Median Age
37%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
791
Density / Sq Mi
$116,477
Median Household Income
$60,643
Median Earnings
$1,236
Median Rent
$531,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Residents pay their own gas heat and electricity, while driveways serve both sides of the building.
Where is this triplex located?
The property is located at 80 East Main St. Merrimac, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Triplex property; Driveways on both sides of the building; Tenants pay their own gas heat and electricity
