Renovated Duplex with Solar
For Sale
$875,000
119 Bowler Street, Lynn, MA 01904
Two distinct residences provide flexible layouts, private outdoor areas, and an oversized two-story garage.
Property Size2,079 SF
Price / SF$420.88
Days on Market93
Property Features for 119 Bowler Street
General Information
Standard status
Active
Size
2,079 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
fully fenced backyard
private deck
solar panels
spacious yard
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Vicente Realty,LLC
Listed By:
Merysa Berrios Sevilla · License #9537920
(508) 944-3144
Source:
Residentialproperties
Added: Jul 19
Changed: Oct 18
Last Checked: Oct 10 at 1:23AM
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 Vicente Realty,LLC
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Investment Insights
Based on property information with market context.
Built in 1900 and comprehensively renovated approximately six years ago, this duplex includes updated electrical, plumbing, heating, flooring, and modern kitchens. The first-floor residence has two bedrooms, an open living and kitchen area, hardwood floors, in-unit laundry, and direct access to the fenced yard. The townhouse-style upper residence spans two levels with three bedrooms, a living room, dining area, kitchen, full bath, in-unit laundry, and a private deck. Its third bedroom occupies the upper level and can serve as a private retreat, guest room, or home office.
An oversized two-story, two-car garage adds substantial flexible space for a workshop, office, gym, studio, or storage. Fully paid solar panels are included without a monthly lease or loan payment. The property also offers a spacious yard and off-street parking. Located in a residential neighborhood near shopping, restaurants, parks, schools, public transportation, Lynn Woods Reservation, beaches, downtown Lynn, and the commuter rail.
An oversized two-story, two-car garage adds substantial flexible space for a workshop, office, gym, studio, or storage. Fully paid solar panels are included without a monthly lease or loan payment. The property also offers a spacious yard and off-street parking. Located in a residential neighborhood near shopping, restaurants, parks, schools, public transportation, Lynn Woods Reservation, beaches, downtown Lynn, and the commuter rail.
Key Highlights
- Duplex comprehensively renovated approximately six years ago
- First‑floor unit offers 2 bedrooms, hardwood floors, in‑unit laundry, and backyard access
- Townhouse‑style second unit includes 3 bedrooms across two levels and a private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,785
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,700
$835.7K
Cap Rate 7%
$596,929
$596.9K
Cap Rate 9%
$464,278
$464.3K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$63.6K $30.60/SF
− Vacancy
−$3.9K −$1.89/SF
EGI
$59.7K $28.71/SF
− OpEx
−$17.9K −$8.61/SF
NOI
$41.8K $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%
$835,700
Cap Rate 7%
$596,929
Cap Rate 9%
$464,278
Alternative Uses
Best Use
Multifamily LT 5
$596.9K
$522.3K – $696.4K
NOI $41,785 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$518.7K
$453.9K – $605.1K
NOI $36,308 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$735.6K
$643.7K – $858.2K
NOI $51,493 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences provide flexible layouts, private outdoor areas, and an oversized two-story garage.
Where is this duplex located?
The property is located at 119 Bowler Street Lynn, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Duplex comprehensively renovated approximately six years ago; First‑floor unit offers 2 bedrooms, hardwood floors, in‑unit laundry, and backyard access; Townhouse‑style second unit includes 3 bedrooms across two levels and a private deck
