Building Details

Year Built 1900

Year Renovated 2020

Listing Agency: eXp Realty

Listed By: Juan Lopera-Martinez Show Phone

Source: Longwoodresidential

Added: May 24 Changed: Oct 18 Last Checked: Oct 10 at 1:35AM

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Investment Insights

Based on property information with market context.

Located at 16 Crescent St in Lynn, MA, this duplex contains approximately 2,331 square feet of living space arranged across two residential units. The property includes six bedrooms and three full bathrooms, with renovation work completed in 2020. Originally built in 1900, the building is zoned R1.

The property is near Downtown Lynn, the Lynn Commuter Rail, major bus routes, shopping, restaurants, schools, and nearby beaches. Route 1 and I-95 provide regional access, while Boston and Logan International Airport are approximately 20 minutes away. The combination of a two-unit layout, updated condition, and proximity to transit and everyday amenities supports both owner-occupant and rental-oriented use.

Key Highlights

• Two‑family property with approximately 2,331 sq ft of living space
• Six bedrooms and 3 full bathrooms across two residential units
• Renovated in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,849

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$936,980 $937.0K

Cap Rate 7%

$669,271 $669.3K

Cap Rate 9%

$520,544 $520.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,331 SF

Gross rent

$71.3K $30.60/SF

− Vacancy

−$4.4K −$1.89/SF

EGI

$66.9K $28.71/SF

− OpEx

−$20.1K −$8.61/SF

NOI

$46.8K $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 Rate 5%

$936,980

Cap Rate 7%

$669,271

Cap Rate 9%

$520,544

Alternative Uses

Best Use

Multifamily LT 5

$669.3K

$585.6K – $780.8K (±1% cap)

NOI $46,849 @ 7.0% cap · market cap 5.21%

Second Best

Apartment 5plus

$581.5K

$508.9K – $678.5K (±1% cap)

NOI $40,708 @ 7.0% cap · market cap 4.52%

Theoretical Best

Office A

$824.8K

$721.7K – $962.2K (±1% cap)

NOI $57,734 @ 7.0% cap · market cap 6.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Acupuncture Computer & Electronic Repair Tech Support Center Travel Agency Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

994

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property renovated in 2020 with three full bathrooms.

Where is this duplex located?

The property is located at 16 Crescent Street Lynn, MA.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Two‑family property with approximately 2,331 sq ft of living space; Six bedrooms and 3 full bathrooms across two residential units; Renovated in 2020