Classic Two-Family Home, Lynn
46 Brookline St Lynn, MA 01902
46 Brookline St, Lynn, MA, 01902
$875,000
Pending
For Sale
$875,000
Pending
MULTI_FAMILY - Lynn, MA
Property Size2,472 SF
Lot Size0.10 Acres
Days on Market70
Property Features for 46 Brookline St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3
- Parking
- 6
- Standard status
- Pending
- APN
- 2000608
- Size
- 2,472 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8520
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
Listing agency
RE/MAX Encore
(978) 988-0028
Listed by
Elaine Hoff · License #448500476
(978) 988-0028
Added: May 14 Updated: Jul 21 at 1:16PM Checked: Jul 22 at 7:06AM
MLS# 73518933
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Investment Insights
Based on property information with market context.
This classic two-family home, owned and 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 also present. 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 strong and consistent rental history, making it a potential investment or owner-occupant opportunity. The lot size is 0.0993 acres, and the property size is 2472 square feet.
Key Highlights
- Classic two‑family home built in 1920 on a corner lot on the Lynn/Swampscott line
- Two spacious units with private outdoor front and back porches and hardwood floors
- Recent updates include a new first‑floor bath, new ceilings, refreshed paint, and newer front porch decking
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 - Well-maintained two-family home near Lynn/Swampscott line, great investment opportunity.
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: Classic two‑family home built in 1920 on a corner lot on the Lynn/Swampscott line; Two spacious units with private outdoor front and back porches and hardwood floors; Recent updates include a new first‑floor bath, new ceilings, refreshed paint, and newer front porch decking
