Lead-Compliant 6-Family
35-37 Park Street Lynn, MA 01905
35-37 Park Street, Lynn, MA, 01905
$1,529,986
For Sale
$1,529,986
Six-family multifamily property with lead compliance and recent exterior upgrades, including a new front entrance and foundation work.
Property Size5,631 SF
Price / SF$271.71
Days on Market82
Property Features for 35-37 Park Street
General Information
- Standard status
- Active
- Size
- 5,631 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
United Brokers
Listed by
Matt Tasgin
(508) 867-2800
Source
Miketoomeyrealestate
Added: May 1 Updated: Jul 21 at 12:39AM Checked: Jul 21 at 6:28AM
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 United Brokers
Investment Insights
Based on property information with market context.
This 35-37 Park Street property is a 6-family multifamily building offered for sale with reported 7.2% current CAP. The property is stated to be fully lead compliant.
Recent exterior updates include a new front entrance with granite steps, new fencing, new concrete around the foundation, new landscaping, repaired siding, and a rear porch. The property is described as conveniently located near major highways and public transportation, as well as shopping, restaurants, schools, parks, and downtown Lynn.
Recent exterior updates include a new front entrance with granite steps, new fencing, new concrete around the foundation, new landscaping, repaired siding, and a rear porch. The property is described as conveniently located near major highways and public transportation, as well as shopping, restaurants, schools, parks, and downtown Lynn.
Key Highlights
- 6‑family multifamily property at 35‑37 Park St with current 7.2% CAP
- Lead compliant property
- New front entrance with granite steps
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 | $191.2k | $33.96 |
| − Vacancy | −$12.4k | −$2.21 |
| EGI | $178.8k | $31.75 |
| − OpEx | −$80.5k | −$14.29 |
| NOI | $98.3k | $17.46 |
5,631 SF · lease $33.96/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,339 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,469 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-family multifamily property with lead compliance and recent exterior upgrades, including a new front entrance and foundation work.
Where is this apartment building located?
The property is located at 35-37 Park Street Lynn, MA.
What is the asking price?
The asking price for this property is $1,529,986.
What are key features of this property?
This property features: 6‑family multifamily property at 35‑37 Park St with current 7.2% CAP; Lead compliant property; New front entrance with granite steps
