10 Essex Court, Lynn, MA 01902
Two attached units each feature two bedrooms and one full bath, with separate utilities for flexible occupancy.
- Added:
- May 24, 2026
- Days on Market:
- 36
- Last Refresh:
- Jun 23 at 2:33 am
Property Features for 10 Essex Court
General Information
- Standard status
- Active
- Size
- 1,776 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office Keller Williams Gateway Realty
Listing date May 24, 2026
Source Thepropernest
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Gateway Realty
HighLights
- Two‑family property in Lynn built in 1900
- Each unit has 2 bedrooms and 1 full bathroom
- Separate utilities for each unit
- Attached two units with separate occupancy flexibility for rental or owner use
Overview
The home is located in the heart of Lynn, with convenient access to everyday needs. The public remarks note proximity to shopping, restaurants, public transportation, and major routes, supporting easy commuting and tenant convenience.
For tenants, the configuration provides straightforward, self-contained unit living with two-bedroom flexibility in each unit. For buyers, the setup supports multiple occupancy scenarios, including renting both units or living in one unit while leasing the other. The combination of separate utilities and matching unit layouts may help streamline operations for an owner managing the property as a residential income asset.
Local 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 | $54.3k | $30.60 |
| − Vacancy | −$3.4k | −$1.89 |
| EGI | $51.0k | $28.71 |
| − OpEx | −$15.3k | −$8.61 |
| NOI | $35.7k | $20.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynn
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9445402
- Latitude
- 42.4677755
