Two-Family Residential Income
14 Wyman St. Lynn, MA 01905
14 Wyman St., Lynn, MA, 01905
$799,000
Pending
For Sale
$799,000
Pending
Well-maintained two-family home with six bedrooms, three full bathrooms, fenced backyard, and updates including newer furnaces, siding, and roof.
Property Size2,337 SF
Days on Market88
Property Features for 14 Wyman St.
General Information
- Standard status
- Pending
- Size
- 2,337 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Marblehead
(617) 777-9323
Listed by
Yana Litvak
(617) 777-9323
Source
Lockandkeyre
Added: Apr 27 Updated: Jul 22 at 1:54AM Checked: Jul 22 at 5:06AM
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 Coldwell Banker Realty - Marblehead
Investment Insights
Based on property information with market context.
This well-maintained two-family home has been owner-occupied and cared for since 1997. The property offers a total of six bedrooms and three full bathrooms, with each unit providing generous living space and abundant natural light. Interior condition reflects ongoing maintenance, and recent improvements include relatively new furnaces, siding, and roof.
Outside, the home features a fully fenced backyard, offering privacy and usable outdoor space for entertaining, gardening, pets, or relaxing.
The property is presented as turnkey and move-in ready. It is described as well-suited for both owner-occupants and investors, with convenience to shopping, dining, public transportation, and major routes.
Outside, the home features a fully fenced backyard, offering privacy and usable outdoor space for entertaining, gardening, pets, or relaxing.
The property is presented as turnkey and move-in ready. It is described as well-suited for both owner-occupants and investors, with convenience to shopping, dining, public transportation, and major routes.
Key Highlights
- Two‑family home built in 1900 with 6 bedrooms and 3 full bathrooms
- Owner‑occupied and maintained by the same owner since 1997
- Major updates include relatively new furnaces, siding, and roof
Local Financial Insights For Multifamily LT 5
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 | $71.5k | $30.60 |
| − Vacancy | −$4.4k | −$1.89 |
| EGI | $67.1k | $28.71 |
| − OpEx | −$20.1k | −$8.61 |
| NOI | $47.0k | $20.10 |
2,337 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$671.0K
$587.1K – $782.8K
NOI $46,970 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$583.0K
$510.2K – $680.2K
NOI $40,813 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$826.9K
$723.5K – $964.7K
NOI $57,883 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with six bedrooms, three full bathrooms, fenced backyard, and updates including newer furnaces, siding, and roof.
Where is this duplex located?
The property is located at 14 Wyman St. Lynn, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with 6 bedrooms and 3 full bathrooms; Owner‑occupied and maintained by the same owner since 1997; Major updates include relatively new furnaces, siding, and roof
