Multifamily Residential Income
228-230 Euclid Avenue Lynn, MA 01904
228-230 Euclid Avenue, Lynn, MA, 01904
$1,200,000
For Sale
$1,200,000
For sale multifamily residential income property at 228-230 Euclid Avenue in Lynn, Massachusetts.
Property Size3,747 SF
Price / SF$320.26
Days on Market44
Property Features for 228-230 Euclid Avenue
General Information
- Standard status
- Active
- Size
- 3,747 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Compass
Listed by
Aranson Maguire Group
(978) 922-3683
Source
Jbarrettrealty
Added: Jun 8 Updated: Jul 20 at 6:06PM Checked: Jul 21 at 6:29AM
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
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
Local Financial Insights For Apartment 5plus
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 | $127.2k | $33.96 |
| − Vacancy | −$8.3k | −$2.21 |
| EGI | $119.0k | $31.75 |
| − OpEx | −$53.5k | −$14.29 |
| NOI | $65.4k | $17.46 |
3,747 SF · lease $33.96/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$934.8K
$818.0K – $1.09M
NOI $65,437 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,806 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
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 $1,200,000.
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
