Well-Maintained Two-Family
48 Saratoga Street Lynn, MA 01902
48 Saratoga Street, Lynn, MA, 01902
$850,000
For Sale
$850,000
Two-family property in Lynn with upside potential.
Property Size2,844 SF
Price / SF$298.87
Days on Market171
Property Features for 48 Saratoga Street
General Information
- Standard status
- Active
- Size
- 2,844 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1927
Listing Agency
Leading Edge Real Estate
Listed by
The Bill Butler Group
Source
Stevebremis
Added: Jan 26 Checked: Jul 16 at 12:11 pm
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
NOI $57,160 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$709.5K
$620.8K – $827.8K
NOI $49,667 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.01M
$880.5K – $1.17M
NOI $70,440 @ 7.0% cap · market cap 8.29%
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 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.
