Two-Family Residential Income
51 High Rock Street Lynn, MA 01902
51 High Rock Street, Lynn, MA, 01902
$925,000
For Sale
$925,000
Two-unit home with in-unit laundry, high ceilings, and a walk-out basement, available delivered vacant.
Property Size3,245 SF
Price / SF$285.05
Days on Market107
Property Features for 51 High Rock Street
General Information
- Standard status
- Active
- Size
- 3,245 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1880
Listing agency
Coldwell Banker Realty - Andovers/Readings Regional
(978) 475-2201
Listed by
Miguel Feliz · License #9563534
(978) 475-2201
Source
Compass
Added: Apr 6 Updated: Jul 21 at 3:17AM Checked: Jul 21 at 3:17AM
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 Coldwell Banker Realty - Andovers/Readings Regional
Investment Insights
Based on property information with market context.
This two-family duplex offers two distinct living configurations within a spacious home. The first unit includes 2 bedrooms and 1 full bath with high ceilings. The second unit is arranged over two levels and features 4 bedrooms plus 2 bonus rooms, with 1 full bath on the second floor and an additional full bath on the third level. In-unit laundry is available, and the property also includes a basement with high ceilings and walk-out access, along with newer water tanks. The home can be delivered vacant.
The property is located at 51 High Rock Street in Lynn, positioned next to High Rock Park and the Tower Observatory.
For investors and owner-occupants, this layout provides flexibility between a live-in unit and a second unit that can support rental use, with the additional basement space offering extra storage or expansion opportunities.
The property is located at 51 High Rock Street in Lynn, positioned next to High Rock Park and the Tower Observatory.
For investors and owner-occupants, this layout provides flexibility between a live-in unit and a second unit that can support rental use, with the additional basement space offering extra storage or expansion opportunities.
Key Highlights
- Two‑family home with 3,245 sq ft of living space
- First unit offers 2 bedrooms and 1 full bath with high ceilings
- Second unit spans two levels with 4 bedrooms plus 2 bonus rooms (up to 6 bedrooms) and 2 full baths
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 | $99.3k | $30.60 |
| − Vacancy | −$6.1k | −$1.89 |
| EGI | $93.2k | $28.71 |
| − OpEx | −$28.0k | −$8.61 |
| NOI | $65.2k | $20.10 |
3,245 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$931.7K
$815.2K – $1.09M
NOI $65,219 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$809.6K
$708.4K – $944.5K
NOI $56,670 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,372 @ 7.0% cap · market cap 8.69%
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 - Two-unit home with in-unit laundry, high ceilings, and a walk-out basement, available delivered vacant.
Where is this duplex located?
The property is located at 51 High Rock Street Lynn, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑family home with 3,245 sq ft of living space; First unit offers 2 bedrooms and 1 full bath with high ceilings; Second unit spans two levels with 4 bedrooms plus 2 bonus rooms (up to 6 bedrooms) and 2 full baths
