Three-Unit Cape-Style
90 Beach Rd, Salisbury, MA 01952
For Sale
$1,179,000
A three-unit residence pairs an owner’s home with two additional units and shared outdoor amenities.
Property Size5,775 SF
Days on Market47
Property Features for 90 Beach Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Coldwell Banker Realty - Waltham
Listed By:
Anthony Coppola
(617) 719-3405
Source:
Classifiedrealtygroup
Added: Sep 24
Changed: Nov 1
Last Checked: Nov 8 at 2:57AM
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 - Waltham
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Investment Insights
Based on property information with market context.
Built in 2003, this Cape-style triplex contains three units, including a spacious owner’s residence with hardwood floors, a pellet stove, ceiling fans, recessed lighting and a vaulted sunroom opening to the yard. The property has five baths, a two-car garage and parking for seven additional vehicles. A fenced, landscaped yard is complemented by a deck, patio and shed.
Roof and solar improvements were completed in 2023. Appliances were updated between 2020 and 2024, and one water heater was replaced in 2024. Beach Road provides a route toward Salisbury Beach, with Salisbury Beach State Reservation and its nearly 4 miles of Atlantic coastline a short drive away.
Roof and solar improvements were completed in 2023. Appliances were updated between 2020 and 2024, and one water heater was replaced in 2024. Beach Road provides a route toward Salisbury Beach, with Salisbury Beach State Reservation and its nearly 4 miles of Atlantic coastline a short drive away.
Key Highlights
- Three‑unit Cape‑style property built in 2003
- Owner’s unit plus two additional residences
- Five baths across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,287
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,740
$1.9M
Cap Rate 7%
$1,389,814
$1.4M
Cap Rate 9%
$1,080,967
$1.1M
Market Conditions
NOI Build-Up for 5,775 SF
Gross rent
$145.5K $25.20/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$139.0K $24.07/SF
− OpEx
−$41.7K −$7.22/SF
NOI
$97.3K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,740
Cap Rate 7%
$1,389,814
Cap Rate 9%
$1,080,967
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,287 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,817 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,315 @ 7.0% cap · market cap 20.30%
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
48
Businesses Nearby
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Business Placement
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Essex County, MA
Properties on Market for Triplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A three-unit residence pairs an owner’s home with two additional units and shared outdoor amenities.
Where is this triplex located?
The property is located at 90 Beach Rd Salisbury, MA.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: Three‑unit Cape‑style property built in 2003; Owner’s unit plus two additional residences; Five baths across the property
