Lynn Multifamily Residence For
154-156 Tracy Ave Lynn, MA 01902
154-156 Tracy Ave, Lynn, MA, 01902
$1,199,000
For Sale
$1,199,000
Multi-family residence in Lynn, MA with investment potential.
Property Size3,064 SF
Lot Size0.10 Acres
Price / SF$391.32
Days on Market110
Property Features for 154-156 Tracy Ave
General Information
- Standard status
- Active
- Size
- 3,064 SF
- Lot size
- 0.10 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1910
Listing Agency
(978) 337-4682
Listed by
George L. Woods
(978) 337-4682
Source
Elliman
Added: Mar 29 Checked: Jul 16 at 11:28 am
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 George L. Woods
Investment Insights
Based on property information with market context.
Located at 154-156 Tracy Ave in Lynn, MA, this multi-family residence was originally constructed in 1910. The property offers significant potential for owner occupants and investors. The residence includes 3064 square feet of living area and a single-car garage for parking and storage. The property occupies a 4500 square foot lot. All three units will be delivered vacant, as the property is currently owner-occupied. The bike score is 19, indicating it is somewhat bikeable. The walk score is 6, indicating car-dependent accessibility. The transit score is 25, indicating some transit options are available.
Key Highlights
- Delivered Vacant: All 3 units are vacant, offering immediate occupancy or rental opportunities.
- Substantial Living Area: Features a spacious 3064 square feet of living space.
- Generous 4500 square foot lot.
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 | $93.8k | $30.60 |
| − Vacancy | −$5.8k | −$1.89 |
| EGI | $88.0k | $28.71 |
| − OpEx | −$26.4k | −$8.61 |
| NOI | $61.6k | $20.10 |
3,064 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$879.7K
$769.8K – $1.03M
NOI $61,581 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$764.4K
$668.9K – $891.8K
NOI $53,509 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.08M
$948.6K – $1.26M
NOI $75,889 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multi-family residence in Lynn, MA with investment potential.
Where is this triplex located?
The property is located at 154-156 Tracy Ave Lynn, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Delivered Vacant: All 3 units are vacant, offering immediate occupancy or rental opportunities.; Substantial Living Area: Features a spacious 3064 square feet of living space.; Generous 4500 square foot lot.
