Renovated Three-Unit
For Sale
$1,299,000
Pending
9 Lincoln St, Boston, MA 02122
Updated multifamily building with decks, yard areas, central HVAC, and finished interior details.
Property Size2,985 SF
Days on Market60
Property Features for 9 Lincoln St
General Information
Standard status
Pending
Size
2,985 SF
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,802
Amenities
maple cabinets
granite counters
updated bathrooms
central heat and A/C
hardwood floors
high ceilings
large rear decks
front and rear yard
James Hardie Siding
Building Details
Building Size
2,985 SF
Year Built
1905
Year Renovated
2011
Buildings
1
Listing Agency:
Olde Towne Real Estate Co.
Listed By:
Douglas Bosse · License #9008583
(617) 201-6838
Source:
Classifiedrealtygroup
Added: Aug 8
Changed: Oct 6
Last Checked: Oct 5 at 3:51PM
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 Olde Towne Real Estate Co.
Investment Insights
Based on property information with market context.
This 2,985-square-foot triplex was built in 1905 and comprehensively renovated in 2011, including installation of a building-wide sprinkler system. Each of the three apartments includes a kitchen with maple cabinetry and granite countertops, while the property also offers three updated bathrooms, central heat and air conditioning, hardwood flooring, and high ceilings. Large rear decks, front and rear yard areas, and James Hardie siding at the front add to the physical improvements. Hardwood floors in the pictured unit are scheduled for refinishing before the open house.
A full walkout basement staircase is in place and described as ready for use as egress for a potential ADU unit. Lead paint certificates are available for all three apartments, and the property can be delivered vacant. The building is located at 9 Lincoln Street in Boston’s Fields Corner area, with access to the Red Line T nearby.
A full walkout basement staircase is in place and described as ready for use as egress for a potential ADU unit. Lead paint certificates are available for all three apartments, and the property can be delivered vacant. The building is located at 9 Lincoln Street in Boston’s Fields Corner area, with access to the Red Line T nearby.
Key Highlights
- Three‑unit multifamily property totaling 2,985 SF
- Renovated in 2011 with a sprinkler system throughout the building
- Maple cabinetry, granite countertops, three updated bathrooms, and central heat and A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,429
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,508,580
$1.5M
Cap Rate 7%
$1,077,557
$1.1M
Cap Rate 9%
$838,100
$838.1K
Market Conditions
NOI Build-Up for 2,985 SF
Gross rent
$112.8K $37.80/SF
− Vacancy
−$5.1K −$1.70/SF
EGI
$107.8K $36.10/SF
− OpEx
−$32.3K −$10.83/SF
NOI
$75.4K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,508,580
Cap Rate 7%
$1,077,557
Cap Rate 9%
$838,100
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$942.9K – $1.26M
NOI $75,429 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.00M
$876.6K – $1.17M
NOI $70,124 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,462 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Updated multifamily building with decks, yard areas, central HVAC, and finished interior details.
Where is this triplex located?
The property is located at 9 Lincoln St Boston, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Three‑unit multifamily property totaling 2,985 SF; Renovated in 2011 with a sprinkler system throughout the building; Maple cabinetry, granite countertops, three updated bathrooms, and central heat and A/C
