Residential Income
For Sale
$1,150,000
228-230 Euclid Ave, Lynn, MA 01904
For sale multifamily residential income property with approximately 3,747 square feet at 228-230 Euclid Ave.
Property Size3,747 SF
Price / SF$306.91
Days on Market55
Property Features for 228-230 Euclid Ave
General Information
Standard status
Active
Size
3,747 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Keller Williams Realty Evolution
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 9
Changed: Jul 22
Last Checked: Aug 1 at 2:42AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This is a for-sale residential income, multifamily property totaling approximately 3,747 square feet, offered under the multifamily/other multifamily property category.
The property is located at 228-230 Euclid Ave in Lynn, Massachusetts. Additional details on unit mix, current condition, and layout are not provided in the information available, so interested parties should confirm specifics through due diligence.
The property is located at 228-230 Euclid Ave in Lynn, Massachusetts. Additional details on unit mix, current condition, and layout are not provided in the information available, so interested parties should confirm specifics through due diligence.
Key Highlights
- Multifamily income property at 228‑230 Euclid Ave
- Built in 1910
- Approximately 3,747 SF total
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 5.69%
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.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily residential income property with approximately 3,747 square feet at 228-230 Euclid Ave.
Where is this multifamily property located?
The property is located at 228-230 Euclid Ave 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 income property at 228‑230 Euclid Ave; Built in 1910; Approximately 3,747 SF total
