Renovated Three-Unit
For Sale
$1,199,000
Pending
9 Rogers Ave, Lynn, MA 01902
Updated property includes separate utilities and a vacant first-floor unit.
Property Size4,827 SF
Days on Market47
Property Features for 9 Rogers Ave
General Information
Standard status
Pending
Size
4,827 SF
Total Parking Spaces
1
Property subtype
Multifamily
Units
Unit Mix
3 x 4BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,446
Amenities
porch
Building Details
Building Size
4,827 SF
Year Built
1900
Year Renovated
2023
Listing Agency:
North Shore Realty Advisors
Listed By:
Alex Rice
(617) 548-7737
Source:
Classifiedrealtygroup
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 28 at 5:19AM
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 North Shore Realty Advisors
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Investment Insights
Based on property information with market context.
This three-unit residential income property contains approximately 4,827 square feet of living area, with each apartment configured as a 4-bedroom, 1-bath unit. Renovations were completed in 2022–2023, and the first-floor apartment is vacant for immediate occupancy or leasing. The remaining two units are tenant occupied. Separate utilities serve the apartments, and lead compliance certificates are in place for all three units.
Each residence includes its own porch. A private driveway provides parking for one to two cars. The property is located near downtown Lynn, the commuter rail, shopping, dining, public transportation, and area beaches. Built in 1900, the property offers a renovated three-family configuration with a mix of existing occupancy and near-term flexibility.
Each residence includes its own porch. A private driveway provides parking for one to two cars. The property is located near downtown Lynn, the commuter rail, shopping, dining, public transportation, and area beaches. Built in 1900, the property offers a renovated three-family configuration with a mix of existing occupancy and near-term flexibility.
Key Highlights
- Three 4‑bedroom, 1‑bath units within approximately 4,827 square feet
- Renovated in 2022–2023
- Vacant first‑floor unit; two additional units are tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,015
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,940,300
$1.9M
Cap Rate 7%
$1,385,929
$1.4M
Cap Rate 9%
$1,077,944
$1.1M
Market Conditions
NOI Build-Up for 4,827 SF
Gross rent
$147.7K $30.60/SF
− Vacancy
−$9.1K −$1.89/SF
EGI
$138.6K $28.71/SF
− OpEx
−$41.6K −$8.61/SF
NOI
$97.0K $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%
$1,940,300
Cap Rate 7%
$1,385,929
Cap Rate 9%
$1,077,944
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,015 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,298 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,555 @ 7.0% cap · market cap 9.97%
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
2,567
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 - Updated property includes separate utilities and a vacant first-floor unit.
Where is this triplex located?
The property is located at 9 Rogers 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: Three 4‑bedroom, 1‑bath units within approximately 4,827 square feet; Renovated in 2022–2023; Vacant first‑floor unit; two additional units are tenant occupied
