6-Unit Apartment
For Sale
$1,316,000
53 Arlington St, Lynn, MA 01902
Multifamily property with spacious residential layouts, annual leases, and vacant units available at closing.
Property Size5,712 SF
Days on Market8
Property Features for 53 Arlington St
General Information
Standard status
Active
Size
5,712 SF
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9
Building Details
Building Size
5,712 SF
Year Built
1890
Buildings
1
Listing Agency:
Boston Realty Advisors
(617) 768-7333
Listed By:
Daniel Alper · License #CN254381
Source:
Classifiedrealtygroup
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 21 at 4:31AM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This multifamily property contains six residential apartments, each configured with two bedrooms and one bathroom. Built in 1890, the building offers spacious unit layouts within an established apartment asset. Four units are occupied under annual leases, while two units will be delivered vacant.
The property is located at 53 Arlington Street in Lynn, Massachusetts, with access to multiple bus routes and the MBTA train station. Transit connections serve downtown Lynn and Boston, while nearby local amenities support the surrounding residential setting.
The combination of leased and vacant apartments provides a clearly defined occupancy profile for review, with six total units and consistent two-bedroom, one-bathroom layouts throughout the building.
The property is located at 53 Arlington Street in Lynn, Massachusetts, with access to multiple bus routes and the MBTA train station. Transit connections serve downtown Lynn and Boston, while nearby local amenities support the surrounding residential setting.
The combination of leased and vacant apartments provides a clearly defined occupancy profile for review, with six total units and consistent two-bedroom, one-bathroom layouts throughout the building.
Key Highlights
- Six‑unit apartment building with six 2‑bedroom / 1‑bathroom units
- Four units currently leased annually; two units delivered vacant
- Built in 1890
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
$99,754
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
7.58%
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%
$1,995,080
$2.0M
Cap Rate 7%
$1,425,057
$1.4M
Cap Rate 9%
$1,108,378
$1.1M
Market Conditions
NOI Build-Up for 5,712 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
$194.0K $33.96/SF
− Vacancy
−$12.6K −$2.21/SF
EGI
$181.4K $31.75/SF
− OpEx
−$81.6K −$14.29/SF
NOI
$99.8K $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%
$1,995,080
Cap Rate 7%
$1,425,057
Cap Rate 9%
$1,108,378
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,754 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,475 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,760
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with spacious residential layouts, annual leases, and vacant units available at closing.
Where is this apartment building located?
The property is located at 53 Arlington St Lynn, MA.
What is the asking price?
The asking price for this property is $1,316,000.
What are key features of this property?
This property features: Six‑unit apartment building with six 2‑bedroom / 1‑bathroom units; Four units currently leased annually; two units delivered vacant; Built in 1890
