Three-Story Multifamily
97 Jefferson Street Lynn, MA 01902
97 Jefferson Street, Lynn, MA, 01902
$849,991
Pending
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 Market87
Property Features for 97 Jefferson Street
General Information
- Standard status
- Pending
- Size
- 2,900 SF
- Lot size
- 0.10 Acres
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Valera Realty Services
(781) 632-3443
Listed by
Rosa I. Valera · License #9511923
(781) 632-3443
Source
Compass
Added: Apr 28 Updated: Jul 21 at 9:49PM Checked: Jul 22 at 7:52AM
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
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
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 | $88.7k | $30.60 |
| − Vacancy | −$5.5k | −$1.89 |
| EGI | $83.3k | $28.71 |
| − OpEx | −$25.0k | −$8.61 |
| NOI | $58.3k | $20.10 |
2,900 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
C & L Painting ...
Painting
Similar For Sale Nearby
FAQs
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 Street 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
