Multifamily Residential Income
For Sale
$1,100,000
228-230 Euclid Avenue, Lynn, MA 01904
For sale multifamily residential income property at 228-230 Euclid Avenue in Lynn, Massachusetts.
Property Size3,747 SF
Price / SF$293.57
Days on Market125
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
(617) 206-3333
Source:
Jmulkerinrealty
Added: Jun 8
Changed: Oct 7
Last Checked: Sep 29 at 10:55AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,437
Cap Rate
5.95%
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 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,806 @ 7.0% cap · market cap 8.44%
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 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 $1,100,000.
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
