Four-Unit Mixed-Use
For Sale
$1,795,000
90 Essex St, Lynn, MA 01902
Residential Income, Lynn, MA
Property Size8,672 SF
Lot Size0.12 Acres
Price / SF$206.99
Days on Market48
Property Features for 90 Essex St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B2
Bedrooms
10
Bathrooms
8
Full bathrooms
7
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 8, Bedroom 9, Bathroom 5, Bathroom 8, Bedroom 7, Bathroom 6, Bathroom 7, Bedroom 10, Bathroom 2, Bathroom 3
Parking
4
Elementary school
Cobbet Elementary School
Middle school
Thurgood Marshall
High school
Lynn English High School
Directions
Essex ST and Empire ST.
Standard status
Active
APN
2000368
Size
8,672 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10535
Building Details
Year built
1910
Floors in Building
4
Number of units
4
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
(781) 395-5600
Added: Aug 24
Changed: Oct 7
Last Checked: Oct 10 at 4:06AM
MLS# 73567599
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated mixed-use building contains 8,672 square feet across one commercial unit and three residential units. The property was built in 1910 and sits on a 0.1179-acre corner lot with off-street parking. B2 zoning and an estimated 8% cap rate are reported for the property.
The Lynn location offers access to public transportation, shopping, restaurants, major highways, and the beach.
The Lynn location offers access to public transportation, shopping, restaurants, major highways, and the beach.
Key Highlights
- One commercial unit and three residential units; all are occupied
- 8,672 square feet on a 0.1179‑acre corner lot
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,551
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,291,020
$3.3M
Cap Rate 7%
$2,350,729
$2.4M
Cap Rate 9%
$1,828,344
$1.8M
Market Conditions
NOI Build-Up for 8,672 SF
Gross rent
$286.2K $33.00/SF
− Vacancy
−$22.9K −$2.64/SF
EGI
$263.3K $30.36/SF
− OpEx
−$98.7K −$11.39/SF
NOI
$164.6K $18.98/SF
Area
Lynn, MA
Vacancy
8.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,291,020
Cap Rate 7%
$2,350,729
Cap Rate 9%
$1,828,344
Alternative Uses
Best Use
Mixed Use
$2.35M
$2.06M – $2.74M
NOI $164,551 @ 7.0% cap · market cap 9.17%
Second Best
Retail
$2.21M
$1.94M – $2.58M
NOI $154,886 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,788 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,182
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - All four units are occupied, with one commercial space and three residential apartments.
Where is this mixed-use property located?
The property is located at 90 Essex St Lynn, MA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: One commercial unit and three residential units; all are occupied; 8,672 square feet on a 0.1179‑acre corner lot; Off‑street parking
