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Well-Maintained Two-Family Property

48 Saratoga Street, Lynn, MA 01902

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For Sale

$850,000

Two-family property in Lynn with upside potential.

Type:Multi-family

Property size:

2,844 SF

Price / SF:

$298/SF

HighLights

Desirable Lynn location near Flax Pond and commuter routes.
Oversized lot with ample outdoor space.
Well‑maintained two‑family property suitable for owner‑occupants or investors.
Spacious rooms and solid interior condition in both units.
Detached oversized one‑car garage.
Opportunity for value‑add through exterior trim and shingle repairs/replacement.

We can help!

Contact an agent

The Bill Butler Group

Learn more

For Sale

$850,000

Two-family property in Lynn with upside potential.

Type:Multi-family

Property size:

2,844 SF

Price / SF:

$298/SF

Added:: Mar 14, 2026
Days on Market:: 107
Last Refresh:: Apr 21 at 6:31 am

Property Features for 48 Saratoga Street

General Information

Standard status: Active
Size: 2,844 SF
Property subtype: Multi-family

Building Details

Year Built: 1927

We can help!

Contact an agent

The Bill Butler Group

Listing office Leading Edge Real Estate

Listing date Mar 14, 2026

Source Stevebremis

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 Leading Edge Real Estate

HighLights

Desirable Lynn location near Flax Pond and commuter routes.
Oversized lot with ample outdoor space.
Well‑maintained two‑family property suitable for owner‑occupants or investors.
Spacious rooms and solid interior condition in both units.
Detached oversized one‑car garage.
Opportunity for value‑add through exterior trim and shingle repairs/replacement.

Overview

This well-maintained two-family property is situated on an oversized lot in a desirable Lynn location near Flax Pond. Both units feature a flexible floor plan with spacious rooms and solid interior condition. This presents an opportunity for both owner-occupants and investors. The interiors have been updated and well cared for. Exterior trim and shingle repairs or replacement could add value. A detached oversized one-car garage and ample outdoor space enhance the property's appeal and functionality. The property has strong upside potential in rental income and is located close to commuter routes and local amenities, making it a smart long-term investment with room to grow. The property size is 2844 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$87.0k	$30.60
− Vacancy	−$5.4k	−$1.89
EGI	$81.7k	$28.71
− OpEx	−$24.5k	−$8.61
NOI	$57.2k	$20.10

2,844 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$816.6K

$714.5K – $952.7K (±1% cap)

NOI $57,160 @ 7.0% cap · market cap 6.72%

Second Best

Apartment 5plus

$709.5K

$620.8K – $827.8K (±1% cap)

NOI $49,667 @ 7.0% cap · market cap 5.84%

Theoretical Best

Office A

$1.01M

$880.5K – $1.17M (±1% cap)

NOI $70,440 @ 7.0% cap · market cap 8.29%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lynn
County: Essex
State: Massachusetts
Longitude: -70.9428087
Latitude: 42.4819288

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For sale
Duplexes
MA
Lynn
01902
48 Saratoga Street

What type of property is this?

Duplex - Two-family property in Lynn with upside potential.

Where is this duplex located?

The property is located at 48 Saratoga Street Lynn, MA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Desirable Lynn location near Flax Pond and commuter routes.; Oversized lot with ample outdoor space.; Well‑maintained two‑family property suitable for owner‑occupants or investors.