Three-Unit Residential Income
9 S Elm St Lynn, MA 01905
New
For Sale
$999,000
MULTI_FAMILY - Lynn, MA
Property Size3,613 SF
Lot Size0.09 Acres
Price / SF$276.50
Days on Market2
Property Features for 9 S Elm St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
9
Bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 4, Bedroom 7, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 8, Bedroom 9, Bathroom 1
Parking
8
Standard status
Active
APN
M:036 B:774 L:007,2007253
Size
3,613 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8608
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 9:06AM
MLS# 73552930
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained three-family offering in-place rental income and strong flexibility. Each apartment includes three bedrooms plus a bonus room, with separate living and dining rooms, private decks, hardwood floors, and updated electric service. Units 2 and 3 each provide two full baths, and the home also includes basement storage. A detached accessory building with plumbing and electricity adds additional flexible space for storage, workshop, studio, or hobby use. Lead compliance certificates are available for Units 1 and 2.
The property is located in Lynn, MA near shopping, public transportation, and major commuter routes. It sits on a quiet dead-end street and includes six off-street parking spaces.
The building is residentially zoned R4 and totals 3,613 square feet.
The property is located in Lynn, MA near shopping, public transportation, and major commuter routes. It sits on a quiet dead-end street and includes six off-street parking spaces.
The building is residentially zoned R4 and totals 3,613 square feet.
Key Highlights
- Well‑maintained three‑family built in 1900 with strong in‑place income and flexible living setup
- Each unit features 3 bedrooms plus a bonus room, with separate living and dining rooms
- Private decks, hardwood floors, and updated electric service in all three apartments
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 | $110.6k | $30.60 |
| − Vacancy | −$6.8k | −$1.89 |
| EGI | $103.7k | $28.71 |
| − OpEx | −$31.1k | −$8.61 |
| NOI | $72.6k | $20.10 |
3,613 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.7K – $1.21M
NOI $72,615 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$901.4K
$788.7K – $1.05M
NOI $63,097 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,487 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property features three-bedroom units with bonus rooms, private decks, and updated electric service.
Where is this triplex located?
The property is located at 9 S Elm St Lynn, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Well‑maintained three‑family built in 1900 with strong in‑place income and flexible living setup; Each unit features 3 bedrooms plus a bonus room, with separate living and dining rooms; Private decks, hardwood floors, and updated electric service in all three apartments
