Three-Unit Residential
93 Chestnut St, Lynn, MA 01902
For Sale
$839,900
The building will be delivered vacant and includes off-street parking.
Property Size3,319 SF
Price / SF$253.06
Days on Market17
Property Features for 93 Chestnut St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Tennis Court(s), Park, Golf, Sidewalks
Natural Gas, Baseboard, Zoned
Full, Interior Entry
Range, Range Hood, Gas Water Heater
Off Street
Rain Gutters
Building Details
Building Size
Year Built
Stories
Listing Agency:
Cameron Real Estate Group
Listed By:
Bob DeVito · License #9084980
(978) 821-2404
Source:
Evrealestate
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 4:54AM
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 Cameron Real Estate Group
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Investment Insights
Based on property information with market context.
This 3,319-square-foot triplex was built in 1900 and is arranged as three residential units. The first- and second-floor apartments each have three bedrooms, while the upper unit has two. All three feature eat-in kitchens, and the property includes off-street parking.
The building will be delivered vacant, allowing the next owner to take possession without existing occupants.
The building will be delivered vacant, allowing the next owner to take possession without existing occupants.
Key Highlights
- Three residential units
- First- and second‑floor apartments each have 3 bedrooms
- Upper‑level apartment has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,707
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,140
$1.3M
Cap Rate 7%
$952,957
$953.0K
Cap Rate 9%
$741,189
$741.2K
Market Conditions
NOI Build-Up for 3,319 SF
Gross rent
$101.6K $30.60/SF
− Vacancy
−$6.3K −$1.89/SF
EGI
$95.3K $28.71/SF
− OpEx
−$28.6K −$8.61/SF
NOI
$66.7K $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%
$1,334,140
Cap Rate 7%
$952,957
Cap Rate 9%
$741,189
Alternative Uses
Best Use
Multifamily LT 5
$953.0K
$833.8K – $1.11M
NOI $66,707 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$828.0K
$724.5K – $966.1K
NOI $57,963 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,205 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
Explore this area
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
$456,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Lynn, MA
Properties on Market for Triplexes in Lynn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The building will be delivered vacant and includes off-street parking.
Where is this triplex located?
The property is located at 93 Chestnut St Lynn, MA.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Three residential units; First- and second‑floor apartments each have 3 bedrooms; Upper‑level apartment has 2 bedrooms
