Duplex with Fenced
New
For Sale
$975,000
98 Lafayette Park, Lynn, MA 01902
Income-producing two-family property with separate utilities and off-street parking.
Property Size3,425 SF
Price / SF$284.67
Days on Market4
Property Features for 98 Lafayette Park
General Information
Standard status
Active
Size
3,425 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
fenced yard
Building Details
Year Built
1900
Listing Agency:
Century 21 North East
Listed By:
Fermin Group
(508) 867-2800
Source:
Miketoomeyrealestate
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 5 at 7:25PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This Lynn duplex was built in 1900 and contains 3,425 square feet, with eight bedrooms and two full bathrooms. The property has separate utilities, off-street parking, and a fenced yard, and is currently income-producing.
At 98 Lafayette Park, the property is near shopping, parks, and public transportation, with access to destinations in Lynn and the Boston area.
At 98 Lafayette Park, the property is near shopping, parks, and public transportation, with access to destinations in Lynn and the Boston area.
Key Highlights
- 3,425‑square‑foot duplex with 8 bedrooms and 2 full baths
- Separate utilities for the two‑family property
- Off‑street parking and a fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,837
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,740
$1.4M
Cap Rate 7%
$983,386
$983.4K
Cap Rate 9%
$764,856
$764.9K
Market Conditions
NOI Build-Up for 3,425 SF
Gross rent
$104.8K $30.60/SF
− Vacancy
−$6.5K −$1.89/SF
EGI
$98.3K $28.71/SF
− OpEx
−$29.5K −$8.61/SF
NOI
$68.8K $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%
$1,376,740
Cap Rate 7%
$983,386
Cap Rate 9%
$764,856
Alternative Uses
Best Use
Multifamily LT 5
$983.4K
$860.5K – $1.15M
NOI $68,837 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$854.5K
$747.7K – $996.9K
NOI $59,814 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,830 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,917
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing two-family property with separate utilities and off-street parking.
Where is this duplex located?
The property is located at 98 Lafayette Park Lynn, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,425‑square‑foot duplex with 8 bedrooms and 2 full baths; Separate utilities for the two‑family property; Off‑street parking and a fenced yard
