Spacious Two-Family Home Near
For Sale
$829,900
Pending
57 Johnson St, Lynn, MA 01902
Two-family home near Lynn Commons with updated kitchens and separate utilities.
Property Size2,842 SF
Lot Size0.11 Acres
Days on Market278
Property Features for 57 Johnson St
General Information
Standard status
Pending
Size
2,842 SF
Lot size
0.11 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,826
Building Details
Building Size
2,842 SF
Year Built
1900
Stories
3
Units
2
Listing Agency:
Transcend Realty
(781) 244-8500
Listed By:
Trinh Tran · License #9518816
(781) 244-8500
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 21
Last Checked: Aug 31 at 5:09PM
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 Transcend Realty
Investment Insights
Based on property information with market context.
This is a two-family home conveniently located near the Lynn Commons and Lynn's revitalized downtown area, within walking distance of public transportation. The second unit is a townhouse-style apartment featuring four bedrooms and one and a half bathrooms. Each unit includes an updated kitchen with new cabinets, formal dining rooms, and living rooms. The first and second floors have hardwood floors, while the third floor features new carpeting. Both units benefit from high ceilings, ample sunlight, and functional layouts. The property has a newer roof, replacement windows, and fresh paint inside and out. A rear composite deck overlooks the backyard. The driveway can accommodate over three cars and can be expanded to create more parking spaces if needed. The large basement includes laundry setups for each unit. Each unit has separate utilities, gas heat, and hot water. This property is suitable for an owner-occupant with a large family who can live on the second and third floors while collecting rental income from the first-floor unit.
Key Highlights
- Townhouse‑style 4‑bedroom unit offers ample living space.
- Updated kitchens with new cabinets in both units.
- Convenient location near Lynn Commons, downtown, and public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,142,400
$1.1M
Cap Rate 7%
$816,000
$816.0K
Cap Rate 9%
$634,667
$634.7K
Market Conditions
NOI Build-Up for 2,842 SF
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.
Gross rent
$87.0K $30.60/SF
− Vacancy
−$5.4K −$1.89/SF
EGI
$81.6K $28.71/SF
− OpEx
−$24.5K −$8.61/SF
NOI
$57.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,142,400
Cap Rate 7%
$816,000
Cap Rate 9%
$634,667
Alternative Uses
Best Use
Multifamily LT 5
$816.0K
$714.0K – $952.0K
NOI $57,120 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$709.0K
$620.4K – $827.2K
NOI $49,632 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.01M
$879.9K – $1.17M
NOI $70,391 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,220
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home near Lynn Commons with updated kitchens and separate utilities.
Where is this duplex located?
The property is located at 57 Johnson St Lynn, MA.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Townhouse‑style 4‑bedroom unit offers ample living space.; Updated kitchens with new cabinets in both units.; Convenient location near Lynn Commons, downtown, and public transportation.
