6-Unit Apartment
For Sale
$1,289,000
53 Arlington Street, Lynn, MA 01902
Multifamily property with spacious residential layouts, annual leases, and vacant units available at closing.
Property Size5,712 SF
Price / SF$225.67
Days on Market64
Property Features for 53 Arlington Street
General Information
Standard status
Active
Size
5,712 SF
Property subtype
Multi-family
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Boston Realty Advisors
Listed By:
Daniel Alper · License #CN254381
(617) 768-7333
Source:
Benoitrealestate
Added: Aug 4
Changed: Oct 6
Last Checked: Oct 5 at 8:52PM
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 / Yr
$99,754
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
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
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 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 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,475 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
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 Street Lynn, MA.
What is the asking price?
The asking price for this property is $1,289,000.
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
