Three-Story Multifamily
For Sale
$849,991
Pending
97 Jefferson St, Lynn, MA 01902
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 Market135
Property Features for 97 Jefferson St
General Information
Standard status
Pending
Size
2,900 SF
Total Parking Spaces
3
Lot size
0.10 Acres
Property subtype
Multi-Family
Zoning
R2
Building Details
Building Size
2,900 SF
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
Valera Realty Services
Listed By:
Rosa I. Valera · License #9511923
(781) 632-3443
Source:
Cjbarrett
Added: Apr 27
Changed: Sep 4
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,331
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
