27-Unit Multifamily Apartment
For Sale
$5,799,000
77 Green Street, Lynn, MA 01902
Three-story multifamily with 27 apartments, including studios, one-bedrooms, and two-bedrooms.
Property Size19,296 SF
Days on Market82
Property Features for 77 Green Street
General Information
Standard status
Active
Size
19,296 SF
Total Parking Spaces
1
Property subtype
Multifamily
Occupancy
89%
Additional Details
Multifamily Units
27
Taxes and HOA fees
Annual Taxes
$9
Building Details
Building Size
19,296 SF
Year Built
1933
Stories
3
Tenancy
Multi
Listing Agency:
Boston Realty Advisors
Listed By:
Daniel Alper · License #CN254381
(617) 768-7333
Source:
Classifiedrealtygroup
Added: Jul 16
Changed: Oct 5
Last Checked: Oct 4 at 7:02AM
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.
77 Green Street is a three-story multifamily property with 27 total units. The unit mix includes six studio units, seventeen one-bedroom units, and four two-bedroom units, supporting a diversified residential tenancy profile. Twenty-four of the 27 units are currently occupied on annual leases.
The building is located in Lynn, Massachusetts within an established residential neighborhood. Public transit access is available, and the property also benefits from high walkability scores and bikeability for day-to-day needs and mobility within the surrounding area.
This asset offers a straightforward operating configuration centered on in-place annual-lease occupancy and a balanced mix of apartment types.
The building is located in Lynn, Massachusetts within an established residential neighborhood. Public transit access is available, and the property also benefits from high walkability scores and bikeability for day-to-day needs and mobility within the surrounding area.
This asset offers a straightforward operating configuration centered on in-place annual-lease occupancy and a balanced mix of apartment types.
Key Highlights
- Three‑story multifamily built in 1933 with 27 total apartments
- Unit mix includes 6 studios, 17 one‑bedroom units, and 4 two‑bedroom units
- 24 units are currently occupied on annual leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,984
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,739,680
$6.7M
Cap Rate 7%
$4,814,057
$4.8M
Cap Rate 9%
$3,744,267
$3.7M
Market Conditions
NOI Build-Up for 19,296 SF
Gross rent
$655.3K $33.96/SF
− Vacancy
−$42.6K −$2.21/SF
EGI
$612.7K $31.75/SF
− OpEx
−$275.7K −$14.29/SF
NOI
$337.0K $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%
$6,739,680
Cap Rate 7%
$4,814,057
Cap Rate 9%
$3,744,267
Alternative Uses
Best Use
Apartment 5plus
$4.81M
$4.21M – $5.62M
NOI $336,984 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.83M
$5.97M – $7.97M
NOI $477,923 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
27
Residential units
88.9%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,168
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
Check the figures for this property
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 - Three-story multifamily with 27 apartments, including studios, one-bedrooms, and two-bedrooms.
Where is this apartment building located?
The property is located at 77 Green Street Lynn, MA.
What is the asking price?
The asking price for this property is $5,799,000.
What are key features of this property?
This property features: Three‑story multifamily built in 1933 with 27 total apartments; Unit mix includes 6 studios, 17 one‑bedroom units, and 4 two‑bedroom units; 24 units are currently occupied on annual leases
