Well-Maintained Two-Family
10 Essex Court, Lynn, MA 01902
For Sale
$550,000
Pending
Two-family property in Lynn with strong potential.
Property Size1,776 SF
Days on Market172
Property Features for 10 Essex Court
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
No
Varies
2.0
Full, Interior Access, Bulkhead, Concrete Floor
2
2.00
Frame
Shingle
Easements
Rain Gutters, Porch
1 to 2 Mile To Beach
Porch
Building Details
Year Built
Listing Agency:
Keller Williams Gateway Realty
Listed By:
Jillian Aziz · License MA #9582350
(603) 912-5470
Source:
Compass
Added: May 26
Changed: Aug 8
Last Checked: Aug 26 at 1:07PM
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 Keller Williams Gateway Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Lynn, this well-maintained two-family property offers an opportunity for investors, owner-occupants, or those seeking a versatile multi-family home. Each unit includes 2 bedrooms and 1 full bathroom. The property has separate utilities. The building offers functional layouts. The property is located near shopping, restaurants, public transportation, and major routes. The property size is 1776 square feet.
Key Highlights
- Two‑family property ideal for investors or owner‑occupants.
- Each unit has 2 bedrooms and 1 full bathroom.
- Separate utilities for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,695
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,900
$713.9K
Cap Rate 7%
$509,929
$509.9K
Cap Rate 9%
$396,611
$396.6K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$54.3K $30.60/SF
− Vacancy
−$3.4K −$1.89/SF
EGI
$51.0K $28.71/SF
− OpEx
−$15.3K −$8.61/SF
NOI
$35.7K $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%
$713,900
Cap Rate 7%
$509,929
Cap Rate 9%
$396,611
Alternative Uses
Best Use
Multifamily LT 5
$509.9K
$446.2K – $594.9K
NOI $35,695 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$443.1K
$387.7K – $516.9K
NOI $31,016 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$628.4K
$549.9K – $733.1K
NOI $43,988 @ 7.0% cap · market cap 8.00%
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
Location Intelligence
Trade Area within ½ mile
2,534
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
$456,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lynn, MA
Properties on Market for Duplexes in Lynn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property in Lynn with strong potential.
Where is this duplex located?
The property is located at 10 Essex Court Lynn, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family property ideal for investors or owner‑occupants.; Each unit has **2 bedrooms and 1 full bathroom**.; Separate utilities for each unit.
