Multifamily Residential Income
228-230 Euclid Avenue, Lynn, MA 01904
For Sale
$1,150,000
For sale multifamily residential income property at 228-230 Euclid Avenue in Lynn, Massachusetts.
Property Size3,747 SF
Price / SF$306.91
Days on Market185
Property Features for 228-230 Euclid Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Compass
Listed By:
Aranson Maguire Group
(207) 252-6771
Source:
Inrealtyinc
Added: May 13
Changed: Nov 12
Last Checked: Nov 3 at 7:08AM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale multifamily residential income property is located at 228-230 Euclid Avenue in Lynn, Massachusetts. The offering includes multiple multifamily units within a single property asset.
The property is listed for sale with a total size of 3,747 square feet, supporting a straightforward residential income configuration.
The listing is categorized under multifamily properties and residential income properties, providing context for buyers evaluating income-producing residential use.
The property is listed for sale with a total size of 3,747 square feet, supporting a straightforward residential income configuration.
The listing is categorized under multifamily properties and residential income properties, providing context for buyers evaluating income-producing residential use.
Key Highlights
- Multifamily residential income property for sale at 228‑230 Euclid Avenue in Lynn, Massachusetts
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,437
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,740
$1.3M
Cap Rate 7%
$934,814
$934.8K
Cap Rate 9%
$727,078
$727.1K
Market Conditions
NOI Build-Up for 3,747 SF
Gross rent
$127.2K $33.96/SF
− Vacancy
−$8.3K −$2.21/SF
EGI
$119.0K $31.75/SF
− OpEx
−$53.5K −$14.29/SF
NOI
$65.4K $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%
$1,308,740
Cap Rate 7%
$934,814
Cap Rate 9%
$727,078
Alternative Uses
Best Use
Apartment 5plus
$934.8K
$818.0K – $1.09M
NOI $65,437 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,806 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
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
$515,100
Median Home Value
Market
Average Price Trend$/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 - For sale multifamily residential income property at 228-230 Euclid Avenue in Lynn, Massachusetts.
Where is this multifamily property located?
The property is located at 228-230 Euclid Avenue Lynn, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Multifamily residential income property for sale at 228‑230 Euclid Avenue in Lynn, Massachusetts; Built in 1910
