Three-Family Residential
9 Hamilton Ave Lynn, MA 01902
9 Hamilton Ave, Lynn, MA, 01902
$1,199,000
For Sale
$1,199,000
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
Price / SF$368.13
Days on Market58
Property Features for 9 Hamilton Ave
General Information
- Standard status
- Active
- Size
- 3,257 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Brookline
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: May 27 Updated: Jul 22 at 1:49PM Checked: Jul 22 at 1:49PM
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 Coldwell Banker Realty - Brookline
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.7k | $30.60 |
| − Vacancy | −$6.1k | −$1.89 |
| EGI | $93.5k | $28.71 |
| − OpEx | −$28.1k | −$8.61 |
| NOI | $65.5k | $20.10 |
3,257 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$812.6K
$711.0K – $948.0K
NOI $56,880 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,669 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 $1,199,000.
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
