121 North Common Street, Lynn, MA 01902
Multifamily rooming house with 13 rented rooms in Lynn.
- Added:
- Jun 15, 2025
- Days on Market:
- 359
- Last Refresh:
- Mar 13 at 3:58 pm
Property Features for 121 North Common Street
General Information
- Standard status
- Active
- Size
- 4,982 SF
- Property subtype
- Multi-family / 5+ Family - Rooming House
Building Details
- Year Built
- 1890
Listing agent Kevin Farrar License #9564499 (978) 777-4444
Listing office Atlantic Coast Homes,Inc (978) 777-4444
Listing date Jun 15, 2025
Source Compass
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
HighLights
- Multi‑family rooming house with 13 rented rooms (14 total).
- Prime location.
- 6 total bathrooms (3 full, 3 half).
- Elevator.
- High ceilings and ornate details.
- Capital improvements made.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynn
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9592583
- Latitude
- 42.4638098
