Spacious Multi-Family Property in
121 N Cmn Lynn, MA 01902
For Sale
$999,000
Multi-family property with thirteen bedrooms and ample living space.
Property Size4,982 SF
Lot Size0.12 Acres
Price / SF$200.52
Days on Market95
Property Features for 121 N Cmn
General Information
- Standard status
- Active
- Size
- 4,982 SF
- Lot size
- 0.12 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1890
Listing Agency:
Atlantic Coast Homes,Inc
(978) 590-4181
Listed By:
Michael Becker · License #9559257
(978) 590-4181
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 24 at 3:24PM
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 Atlantic Coast Homes,Inc
Investment Insights
Based on property information with market context.
Constructed in 1890, this multi-family property offers a distinguished opportunity. The interior encompasses 4982 square feet of living area. Thirteen bedrooms provide private quarters, complemented by three full bathrooms and three half bathrooms. The property occupies a 5158-square-foot lot. The location has a walk score of 82, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 44, indicating some transit options are available.
Key Highlights
- Expansive 4982 sq ft living area.
- Thirteen bedrooms offer extensive private quarters.
- Six bathrooms provide essential amenities.
Financial Insights For Apartment 5plus
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 | $169.2k | $33.96 |
| − Vacancy | −$11.0k | −$2.21 |
| EGI | $158.2k | $31.75 |
| − OpEx | −$71.2k | −$14.29 |
| NOI | $87.0k | $17.46 |
4,982 SF · lease $33.96/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,005 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,394 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multi-family property with thirteen bedrooms and ample living space.
Where is this apartment building located?
The property is located at 121 N Cmn Lynn, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Expansive 4982 sq ft living area.; Thirteen bedrooms offer extensive private quarters.; Six bathrooms provide essential amenities.
