Three-Story Multifamily
97 Jefferson St, Lynn, MA 01902
For Sale
$849,991
Pending
Built in 1900, this three-story multifamily home offers nine bedrooms and three full bathrooms within a 4,164 sq. ft. lot.
Property Size2,900 SF
Lot Size0.10 Acres
Days on Market201
Property Features for 97 Jefferson St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Valera Realty Services
Listed By:
Rosa I. Valera · License MA #9511923
(781) 632-3443
Source:
Cjbarrett
Added: Apr 27
Changed: Nov 10
Last Checked: May 28 at 5:47AM
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 Valera Realty Services
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Investment Insights
Based on property information with market context.
This three-story multifamily residence was built in 1900 and contains approximately 2,900 square feet of living space. The layout features nine bedrooms distributed across three floors, along with three full bathrooms, providing convenient support for multiple living arrangements.
The property sits on a 4,164 square foot lot at 97 Jefferson Street in Lynn, MA. Its room configuration is designed to accommodate a range of possible setups, whether for extended-family use, multiple tenants, or other flexible living arrangements.
For sale. Showings are scheduled for tomorrow Tuesday from 5:00 PM to 6:00 PM, with best and highest offers due Wednesday at noon and a response by 5:00 PM the same day.
The property sits on a 4,164 square foot lot at 97 Jefferson Street in Lynn, MA. Its room configuration is designed to accommodate a range of possible setups, whether for extended-family use, multiple tenants, or other flexible living arrangements.
For sale. Showings are scheduled for tomorrow Tuesday from 5:00 PM to 6:00 PM, with best and highest offers due Wednesday at noon and a response by 5:00 PM the same day.
Key Highlights
- Built in 1900, 97 Jefferson St is a three‑story multifamily home with 2,900 sq. ft. of living space
- 9 bedrooms across three stories, offering flexible room configurations for multiple households or tenants
- 3 full bathrooms total, conveniently distributed to serve different living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,285
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,700
$1.2M
Cap Rate 7%
$832,643
$832.6K
Cap Rate 9%
$647,611
$647.6K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$88.7K $30.60/SF
− Vacancy
−$5.5K −$1.89/SF
EGI
$83.3K $28.71/SF
− OpEx
−$25.0K −$8.61/SF
NOI
$58.3K $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%
$1,165,700
Cap Rate 7%
$832,643
Cap Rate 9%
$647,611
Alternative Uses
Best Use
Multifamily LT 5
$832.6K
$728.6K – $971.4K
NOI $58,285 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$723.5K
$633.1K – $844.1K
NOI $50,645 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.03M
$897.8K – $1.20M
NOI $71,827 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,331
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 - Built in 1900, this three-story multifamily home offers nine bedrooms and three full bathrooms within a 4,164 sq. ft. lot.
Where is this duplex located?
The property is located at 97 Jefferson St Lynn, MA.
What is the asking price?
The asking price for this property is $849,991.
What are key features of this property?
This property features: Built in 1900, 97 Jefferson St is a three‑story multifamily home with 2,900 sq. ft. of living space; 9 bedrooms across three stories, offering flexible room configurations for multiple households or tenants; 3 full bathrooms total, conveniently distributed to serve different living areas
