Two-Family Residence with
48 Waverly Street Lynn, MA 01904
48 Waverly Street, Lynn, MA, 01904
$825,000
Pending
For Sale
$825,000
Pending
Updated two-family home with five bedrooms and three full bathrooms, offering flexible rental income potential.
Property Size1,882 SF
Days on Market84
Property Features for 48 Waverly Street
General Information
- Standard status
- Pending
- Size
- 1,882 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1990
Listing agency
Century 21 Mario Real Estate
(617) 569-6044
Listed by
Veraluxe Team · License #9516365
(617) 569-6044
Source
Compass
Added: Apr 29 Updated: Jul 21 at 1:35AM Checked: Jul 21 at 6:09AM
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
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 | $57.6k | $30.60 |
| − Vacancy | −$3.6k | −$1.89 |
| EGI | $54.0k | $28.71 |
| − OpEx | −$16.2k | −$8.61 |
| NOI | $37.8k | $20.10 |
1,882 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Street 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
