Three-Family Residential
For Sale
$1,149,900
9 Hamilton Ave, Lynn, MA 01902
Well-maintained three-family with 8 bedrooms, 3 full baths, new roof, updated electrical, private decks, and solar for the third unit.
Property Size3,257 SF
Days on Market120
Property Features for 9 Hamilton Ave
General Information
Standard status
Active
Size
3,257 SF
Total Parking Spaces
8
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,609
Building Details
Building Size
3,257 SF
Year Built
1900
Listing Agency:
Cameron Real Estate Group
Listed By:
Liliana Delgado
(781) 267-2999
Source:
Classifiedrealtygroup
Added: Jul 2
Changed: Oct 25
Last Checked: Oct 28 at 5:18AM
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 Cameron Real Estate Group
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Investment Insights
Based on property information with market context.
This well-maintained three-family residential income property features a total of 8 bedrooms and 3 full bathrooms. Recent updates include a brand-new roof, updated electrical systems in all three units, and three new private decks. The third unit also has solar panels connected, providing added efficiency and additional living comfort.
The property at 9 Hamilton Ave in Lynn, MA 01902 is located near shopping, supermarkets, restaurants, cafés, parks, schools, and public transportation. Access to major commuter routes and a rail station with direct service to Boston is also described, along with easy access to nearby beaches and recreational areas.
The combination of unit-level improvements and energy-related upgrades makes this a practical option for buyers seeking a multi-unit property with tangible recent capital work.
The property at 9 Hamilton Ave in Lynn, MA 01902 is located near shopping, supermarkets, restaurants, cafés, parks, schools, and public transportation. Access to major commuter routes and a rail station with direct service to Boston is also described, along with easy access to nearby beaches and recreational areas.
The combination of unit-level improvements and energy-related upgrades makes this a practical option for buyers seeking a multi-unit property with tangible recent capital work.
Key Highlights
- Well‑maintained three‑family with 8 total bedrooms and 3 full bathrooms
- Brand‑new roof
- Updated electrical systems in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,460
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,200
$1.3M
Cap Rate 7%
$935,143
$935.1K
Cap Rate 9%
$727,333
$727.3K
Market Conditions
NOI Build-Up for 3,257 SF
Gross rent
$99.7K $30.60/SF
− Vacancy
−$6.1K −$1.89/SF
EGI
$93.5K $28.71/SF
− OpEx
−$28.1K −$8.61/SF
NOI
$65.5K $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%
$1,309,200
Cap Rate 7%
$935,143
Cap Rate 9%
$727,333
Alternative Uses
Best Use
Multifamily LT 5
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$812.6K
$711.0K – $948.0K
NOI $56,880 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,669 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,220
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family with 8 bedrooms, 3 full baths, new roof, updated electrical, private decks, and solar for the third unit.
Where is this triplex located?
The property is located at 9 Hamilton Ave Lynn, MA.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Well‑maintained three‑family with 8 total bedrooms and 3 full bathrooms; Brand‑new roof; Updated electrical systems in all three units
