Residential Income
For Sale
$989,000
52 Eastern Ave, Lynn, MA 01902
Residential income property featuring fenced outdoor space and off-street parking, with a gas water heater and major appliances.
Property Size3,115 SF
Price / SF$317.50
Days on Market16
Property Features for 52 Eastern Ave
General Information
Standard status
Active
Size
3,115 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
R1
Net Operating Income
$64,800
Taxes and HOA fees
Annual Taxes
$8,803
Amenities
Zoned
Full
Range, Dishwasher, Disposal, Refrigerator, Gas Water Heater
Fenced
Off Street
Building Details
Building Size
3,115 SF
Year Built
1900
Stories
3
Listing Agency:
Toner Real Estate,LLC
(617) 438-7878
Listed By:
Colleen Toner
(617) 438-7878
Source:
Evrealestate
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 12 at 6:18AM
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 Toner Real Estate,LLC
Investment Insights
Based on property information with market context.
Residential income property at 52 Eastern Ave in Lynn, MA 01902. Built in 1900, the home includes a kitchen setup with an included range, dishwasher, disposal, and refrigerator, plus a gas water heater. Exterior features include a fenced area and off-street parking.
Access is shown via Lynn Shore Drive to 129 West/Eastern Avenue. The property is located in Essex County.
With its fenced outdoor area, off-street parking, and built-in major kitchen appliances, the property can support residential use where day-to-day convenience and straightforward utilities are priorities.
Access is shown via Lynn Shore Drive to 129 West/Eastern Avenue. The property is located in Essex County.
With its fenced outdoor area, off-street parking, and built-in major kitchen appliances, the property can support residential use where day-to-day convenience and straightforward utilities are priorities.
Key Highlights
- Built in 1900
- 3,115 SF residential income property
- Includes gas water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,088,000
$1.1M
Cap Rate 7%
$777,143
$777.1K
Cap Rate 9%
$604,444
$604.4K
Market Conditions
NOI Build-Up for 3,115 SF
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.
Gross rent
$105.8K $33.96/SF
− Vacancy
−$6.9K −$2.21/SF
EGI
$98.9K $31.75/SF
− OpEx
−$44.5K −$14.29/SF
NOI
$54.4K $17.46/SF
Area
Lynn, MA
Vacancy
6.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,088,000
Cap Rate 7%
$777,143
Cap Rate 9%
$604,444
Alternative Uses
Best Use
Apartment 5plus
$777.1K
$680.0K – $906.7K
NOI $54,400 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.4K – $1.29M
NOI $77,152 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property featuring fenced outdoor space and off-street parking, with a gas water heater and major appliances.
Where is this residential income property located?
The property is located at 52 Eastern Ave Lynn, MA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Built in 1900; 3,115 SF residential income property; Includes gas water heater
