Classic Two-Family
46 Brookline St Lynn, MA 01902
46 Brookline St, Lynn, MA, 01902
$875,000
For Sale
$875,000
Two-family home near commuter rail, beaches, and schools.
Property Size2,472 SF
Price / SF$353.96
Days on Market65
Property Features for 46 Brookline St
General Information
- Standard status
- Active
- Size
- 2,472 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing Agency
RE/MAX Encore
(978) 604-6869
Listed by
Lisa Gray · License #9571796
(978) 604-6869
Source
Lockandkeyre
Added: May 14 Checked: Jul 17 at 5:54 am
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 RE/MAX Encore
Investment Insights
Based on property information with market context.
This classic two-family home, maintained by the same family for over 65 years, is located on a corner lot on the Lynn/Swampscott line. The property features two spacious units, each with private outdoor front and back porches. Hardwood floors are present throughout, complemented by an abundance of natural light. Recent updates include a new first-floor bath, ceilings, refreshed paint, newer front porch decking, a new water and sewer line to the street, and updated electrical wiring and fixtures on the first floor. A full basement provides storage and laundry hookups. A one-car garage is present, offering potential for additional rental income or extra storage. The property is conveniently located near the commuter rail for access into Boston, close to the MBTA bus line, and minutes from area beaches. A newer school is located on the street. The property has a consistent rental history, making it a potential investment or owner-occupant opportunity. The property size is 2472 square feet.
Key Highlights
- Prime location on the Lynn/Swampscott line, near commuter rail to Boston, MBTA bus line, and beaches.
- Strong and consistent rental history, ideal for investment or owner‑occupancy.
- Two spacious units with private front and back porches.
Local Financial Insights For Multifamily LT 5
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 | $75.6k | $30.60 |
| − Vacancy | −$4.7k | −$1.89 |
| EGI | $71.0k | $28.71 |
| − OpEx | −$21.3k | −$8.61 |
| NOI | $49.7k | $20.10 |
2,472 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$709.8K
$621.0K – $828.1K
NOI $49,683 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$616.7K
$539.6K – $719.5K
NOI $43,171 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$874.7K
$765.3K – $1.02M
NOI $61,226 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home near commuter rail, beaches, and schools.
Where is this duplex located?
The property is located at 46 Brookline St Lynn, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Prime location on the Lynn/Swampscott line, near commuter rail to Boston, MBTA bus line, and beaches.; Strong and consistent rental history, ideal for investment or owner‑occupancy.; Two spacious units with private front and back porches.
