Two-Family Residential with Enclosed
74 Myrtle St Lynn, MA 01905
74 Myrtle St, Lynn, MA, 01905
$680,000
For Sale
$680,000
Well-maintained two-family property with enclosed porches, hardwood flooring, and off-street parking, delivered vacant.
Property Size1,392 SF
Price / SF$488.51
Days on Market119
Property Features for 74 Myrtle St
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
The Collaborative Companies
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Mar 26 Updated: Jul 21 at 5:31PM Checked: Jul 21 at 5:31PM
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 The Collaborative Companies
Investment Insights
Based on property information with market context.
This well-maintained two-family residential property is arranged as two separate units, each offering 2 bedrooms and 1 full bath. The units feature hardwood flooring throughout and a functional layout with bright living spaces. Enclosed porches provide additional usable outdoor space, and off-street parking supports convenient day-to-day access. The property will be delivered vacant, offering flexibility for an owner-occupant or for rental use.
The property is located at 74 Myrtle St in Lynn, MA. It is positioned near shops, restaurants, and public transportation, along with everyday amenities.
As presented, the building supports straightforward dual-unit living with matching unit features and an enclosed-porch addition that can be useful for a range of occupancy goals.
The property is located at 74 Myrtle St in Lynn, MA. It is positioned near shops, restaurants, and public transportation, along with everyday amenities.
As presented, the building supports straightforward dual-unit living with matching unit features and an enclosed-porch addition that can be useful for a range of occupancy goals.
Key Highlights
- Well‑maintained 2‑family property, built in 1900
- Each unit offers 2 bedrooms and 1 full bath
- Hardwood flooring throughout both units
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 | $42.6k | $30.60 |
| − Vacancy | −$2.6k | −$1.89 |
| EGI | $40.0k | $28.71 |
| − OpEx | −$12.0k | −$8.61 |
| NOI | $28.0k | $20.10 |
1,392 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.7K
$349.7K – $466.3K
NOI $27,977 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,310 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$492.5K
$431.0K – $574.6K
NOI $34,477 @ 7.0% cap · market cap 5.07%
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 - Well-maintained two-family property with enclosed porches, hardwood flooring, and off-street parking, delivered vacant.
Where is this duplex located?
The property is located at 74 Myrtle St Lynn, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Well‑maintained 2‑family property, built in 1900; Each unit offers 2 bedrooms and 1 full bath; Hardwood flooring throughout both units
