Two-Family Residence with
For Sale
$825,000
Pending
48 Waverly, Lynn, MA 01904
Updated two-family home with five bedrooms and three full bathrooms, offering flexible rental income potential.
Property Size1,882 SF
Days on Market176
Property Features for 48 Waverly
General Information
Standard status
Pending
Size
1,882 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
R4
Additional Details
Multifamily Units
2
Building Details
Building Size
1,882 SF
Year Built
1990
Stories
3
Tenancy
Multi
Listing Agency:
Century 21 Mario Real Estate
Listed By:
Veraluxe Team
(508) 677-5570
Source:
Cjbarrett
Added: Apr 18
Changed: Sep 5
Last Checked: Jul 23 at 9:43AM
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 Century 21 Mario Real Estate
Investment Insights
Based on property information with market context.
This updated two-family residence, built in 1990, offers approximately 1,882 square feet of refined living space. The second-floor unit includes two full baths, two levels of living, and a large family room. The lower level can be used to generate rental income, or alternatively the home can be configured for an owner-occupant setup, living on the lower level while renting the upper unit.
The property includes five well-appointed bedrooms and three full bathrooms distributed throughout the home to support comfort and privacy for occupants and guests. With a thoughtful layout and generous proportions, the plan is designed to accommodate both traditional rental arrangements and flexible living needs.
As a two-unit property, it presents a straightforward structure for buyers seeking a residential income option with updated interiors and multiple full baths.
The property includes five well-appointed bedrooms and three full bathrooms distributed throughout the home to support comfort and privacy for occupants and guests. With a thoughtful layout and generous proportions, the plan is designed to accommodate both traditional rental arrangements and flexible living needs.
As a two-unit property, it presents a straightforward structure for buyers seeking a residential income option with updated interiors and multiple full baths.
Key Highlights
- Updated two‑family home at 48 Waverly Ave, Lynn, built in 1990
- Approx. 1,882 SF of total living space with five bedrooms
- 3 full bathrooms total, including two full baths on the second‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,825
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,500
$756.5K
Cap Rate 7%
$540,357
$540.4K
Cap Rate 9%
$420,278
$420.3K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$57.6K $30.60/SF
− Vacancy
−$3.6K −$1.89/SF
EGI
$54.0K $28.71/SF
− OpEx
−$16.2K −$8.61/SF
NOI
$37.8K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,500
Cap Rate 7%
$540,357
Cap Rate 9%
$420,278
Alternative Uses
Best Use
Multifamily LT 5
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$469.5K
$410.8K – $547.8K
NOI $32,867 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$665.9K
$582.7K – $776.9K
NOI $46,613 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
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Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family home with five bedrooms and three full bathrooms, offering flexible rental income potential.
Where is this duplex located?
The property is located at 48 Waverly Lynn, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Updated two‑family home at 48 Waverly Ave, Lynn, built in 1990; Approx. 1,882 SF of total living space with five bedrooms; 3 full bathrooms total, including two full baths on the second‑floor unit
