Duplex with Solar
New
For Sale
$774,900
104 Waterhill St, Lynn, MA 01905
Residential Income, Lynn, MA
Property Size1,959 SF
Lot Size0.12 Acres
Price / SF$395.56
Days on Market7
Property Features for 104 Waterhill St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Parking
10
Directions
Cottage Street to Waterhill Street
Subdivision
West Lynn
Standard status
Active
APN
M:0038 B:0273 L:0001,1993420
Size
1,959 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7885
Amenities
solar panels
patio
storage shed
Building Details
Year built
1910
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty Evolution
(781) 395-5600
Listed By:
Keller Williams Realty Evolution
(978) 927-8700
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 2:06PM
MLS# 73583785
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.
This two-family property contains 1,959 square feet on a 0.1187-acre corner lot and was built in 1910. The four-bedroom, two-bathroom layout includes two separate units. Updated kitchens have shaker cabinetry and quartz counters in one residence, with granite counters in the other; both include updated bathrooms and oak hardwood floors. The upper home extends across the third floor, where two additional bedrooms are located. The first-floor residence has basement space for storage or hobbies. Natural-gas mechanical systems and solar panels serve the property. Outside, a patio, storage shed, and double driveway provide additional features.
The home is on a one-way street in Lynn, with access to MBTA bus service, Wonderland Station’s Blue Line, and Routes 1, 1A, and 95. Market Basket, the Western Avenue business district, Red Rock, and Nahant beaches are nearby. The property is zoned R2.
The home is on a one-way street in Lynn, with access to MBTA bus service, Wonderland Station’s Blue Line, and Routes 1, 1A, and 95. Market Basket, the Western Avenue business district, Red Rock, and Nahant beaches are nearby. The property is zoned R2.
Key Highlights
- Two‑family property with 1,959 Square Feet of interior space
- 0.1187‑acre corner lot, zoned R2
- Four bedrooms and two bathrooms across two units, including two upper‑level bedrooms on the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,373
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,460
$787.5K
Cap Rate 7%
$562,471
$562.5K
Cap Rate 9%
$437,478
$437.5K
Market Conditions
NOI Build-Up for 1,959 SF
Gross rent
$59.9K $30.60/SF
− Vacancy
−$3.7K −$1.89/SF
EGI
$56.2K $28.71/SF
− OpEx
−$16.9K −$8.61/SF
NOI
$39.4K $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%
$787,460
Cap Rate 7%
$562,471
Cap Rate 9%
$437,478
Alternative Uses
Best Use
Multifamily LT 5
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$488.7K
$427.7K – $570.2K
NOI $34,212 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$693.2K
$606.5K – $808.7K
NOI $48,521 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 01905, MA
27,761
Population
9,583
Households
2.9
Avg Household Size
34
Median Age
21%
College-Educated
79%
High-School Grad
3.1 sq mi
ZIP Area
8,955
Density / Sq Mi
$84,341
Median Household Income
$42,983
Median Earnings
$1,749
Median Rent
$443,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both homes have updated kitchens, and the property includes a patio, storage shed, and double driveway.
Where is this duplex located?
The property is located at 104 Waterhill St Lynn, MA.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Two‑family property with 1,959 Square Feet of interior space; 0.1187‑acre corner lot, zoned R2; Four bedrooms and two bathrooms across two units, including two upper‑level bedrooms on the third floor
