Mixed-Use Three-Family
For Sale
$819,000
Pending
12 Mason St, Lynn, MA 01902
Three residential units accompany a commercial unit, with separate utilities and on-site parking.
Property Size1,900 SF
Days on Market53
Property Features for 12 Mason St
General Information
Standard status
Pending
Size
1,900 SF
Total Parking Spaces
6
Property subtype
Commercial
Amenities
coin-laundry
Building Details
Building Size
1,900 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
United Brokers
(781) 629-2258
Listed By:
Bettina Oliva · License #9042356
(617) 816-5229
Source:
Iverty
Added: Sep 7
Changed: Oct 29
Last Checked: Oct 28 at 7:10AM
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 United Brokers
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Investment Insights
Based on property information with market context.
Located at 12 Mason Street in Lynn, Massachusetts, this mixed-use property includes three residential units and one commercial unit currently used as a variety store. The first residence has a living room, eat-in kitchen, three bedrooms, and a full bath. Unit 1R includes a living room, kitchen, one bedroom, and a full bath, while Unit 2 offers a living room, eat-in kitchen, three to four bedrooms, and a full bath.
The commercial space measures 623 square feet. Property features include coin-operated laundry in the basement, a Navien heating system, separate utilities, parking for four cars, and a two-car garage. The property is near public transportation, schools, restaurants, a park, North Shore Community College, and a commuter train.
The commercial space measures 623 square feet. Property features include coin-operated laundry in the basement, a Navien heating system, separate utilities, parking for four cars, and a two-car garage. The property is near public transportation, schools, restaurants, a park, North Shore Community College, and a commuter train.
Key Highlights
- Three residential units plus one commercial unit
- 623‑square‑foot commercial unit currently used as a variety store
- Unit 2 includes 3‑4 bedrooms, living room, eat‑in kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,988
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,760
$779.8K
Cap Rate 7%
$556,971
$557.0K
Cap Rate 9%
$433,200
$433.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$54.7K $28.80/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$52.0K $27.36/SF
− OpEx
−$13.0K −$6.84/SF
NOI
$39.0K $20.52/SF
Area
Lynn, MA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,760
Cap Rate 7%
$556,971
Cap Rate 9%
$433,200
Alternative Uses
Best Use
Specialty Retail
$557.0K
$487.4K – $649.8K
NOI $38,988 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$545.5K
$477.3K – $636.5K
NOI $38,187 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$672.3K
$588.2K – $784.3K
NOI $47,059 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,126
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units accompany a commercial unit, with separate utilities and on-site parking.
Where is this mixed-use property located?
The property is located at 12 Mason St Lynn, MA.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Three residential units plus one commercial unit; 623‑square‑foot commercial unit currently used as a variety store; Unit 2 includes 3‑4 bedrooms, living room, eat‑in kitchen, and full bath
