Detached Two-Family
79 Johnson St, Lynn, MA 01902
For Sale
$1,100,000
Two separate homes provide flexible occupancy, rental, and potential condominium conversion options with dedicated utilities and off-street parking.
Property Size2,870 SF
Days on Market60
Property Features for 79 Johnson St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Shirley Robles
(781) 654-1116
Source:
Elliman
Added: Sep 15
Changed: Oct 30
Last Checked: Nov 12 at 8:07AM
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 Shirley Robles
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Investment Insights
Based on property information with market context.
This duplex property at 79 Johnson St includes two fully detached residences on a single lot, each served by separate utilities. The rear home was completed in 2026 and has not previously been occupied. Its layout includes an open kitchen and living area, three bedrooms, one full bathroom, mini-split heating, and central air conditioning.
The front residence is leased under a tenancy-at-will arrangement and contains three to four bedrooms, two full bathrooms, a kitchen, living room, and finished basement family room. Six off-street parking spaces serve the property. With one home currently producing rental income and the other offering new construction, the property also presents potential for owner occupancy or future condominium conversion. The address has a Walk Score of 83, a Transit Score of 46, and a Bike Score of 28.
The front residence is leased under a tenancy-at-will arrangement and contains three to four bedrooms, two full bathrooms, a kitchen, living room, and finished basement family room. Six off-street parking spaces serve the property. With one home currently producing rental income and the other offering new construction, the property also presents potential for owner occupancy or future condominium conversion. The address has a Walk Score of 83, a Transit Score of 46, and a Bike Score of 28.
Key Highlights
- Two fully detached residences situated on one lot
- Rear residence completed in 2026 and never previously occupied
- Rear home includes 3 bedrooms, 1 full bathroom, mini‑split heat, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,682
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,640
$1.2M
Cap Rate 7%
$824,029
$824.0K
Cap Rate 9%
$640,911
$640.9K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$87.8K $30.60/SF
− Vacancy
−$5.4K −$1.89/SF
EGI
$82.4K $28.71/SF
− OpEx
−$24.7K −$8.61/SF
NOI
$57.7K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,640
Cap Rate 7%
$824,029
Cap Rate 9%
$640,911
Alternative Uses
Best Use
Multifamily LT 5
$824.0K
$721.0K – $961.4K
NOI $57,682 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$716.0K
$626.5K – $835.4K
NOI $50,121 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.02M
$888.6K – $1.18M
NOI $71,084 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,220
Businesses Nearby
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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
$456,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lynn, MA
Properties on Market for Duplexes in Lynn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes provide flexible occupancy, rental, and potential condominium conversion options with dedicated utilities and off-street parking.
Where is this duplex located?
The property is located at 79 Johnson St Lynn, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two fully detached residences situated on one lot; Rear residence completed in 2026 and never previously occupied; Rear home includes 3 bedrooms, 1 full bathroom, mini‑split heat, and central air
