Three-Story Multifamily
19 Waverly Street, Lynn, MA 01904
For Sale
$824,999
Four bedrooms and three full bathrooms are distributed across the building’s three levels.
Property Size2,306 SF
Lot Size0.08 Acres
Price / SF$357.76
Days on Market8
Property Features for 19 Waverly Street
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Stories
Listing Agency:
Re-yes Real Estate
Listed By:
Rosa Feliz
(781) 953-1461
Source:
Residentialproperties
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:58AM
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 Re-yes Real Estate
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Investment Insights
Based on property information with market context.
Built in 1860, this multifamily property contains 2,306 square feet across three stories. The layout includes four bedrooms and three full bathrooms, with living space arranged over multiple levels.
The property occupies a 3,302-square-foot lot and is zoned R3. Its address is 19 Waverly St in Lynn, Massachusetts.
The property occupies a 3,302-square-foot lot and is zoned R3. Its address is 19 Waverly St in Lynn, Massachusetts.
Key Highlights
- 2,306 square feet of building area
- Three‑story layout with four bedrooms and three full bathrooms
- Built in 1860
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,272
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,440
$805.4K
Cap Rate 7%
$575,314
$575.3K
Cap Rate 9%
$447,467
$447.5K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$78.3K $33.96/SF
− Vacancy
−$5.1K −$2.21/SF
EGI
$73.2K $31.75/SF
− OpEx
−$32.9K −$14.29/SF
NOI
$40.3K $17.46/SF
Area
Lynn, MA
Vacancy
6.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,440
Cap Rate 7%
$575,314
Cap Rate 9%
$447,467
Alternative Uses
Best Use
Apartment 5plus
$575.3K
$503.4K – $671.2K
NOI $40,272 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$815.9K
$713.9K – $951.9K
NOI $57,115 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
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Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Lynn, MA
Properties on Market for Multifamily properties in Lynn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four bedrooms and three full bathrooms are distributed across the building’s three levels.
Where is this multifamily property located?
The property is located at 19 Waverly Street Lynn, MA.
What is the asking price?
The asking price for this property is $824,999.
What are key features of this property?
This property features: 2,306 square feet of building area; Three‑story layout with four bedrooms and three full bathrooms; Built in 1860
