Oversized Two-and-a-Half
99 New Park Street Lynn, MA 01905
99 New Park Street, Lynn, MA, 01905
$899,000
For Sale
$899,000
Well-maintained two-and-a-half family home with hardwood floors, basement laundry hookups, and off-street parking.
Property Size2,712 SF
Price / SF$331.49
Days on Market169
Property Features for 99 New Park Street
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
EWK Realty
(781) 322-8400
Listed by
Hector Chajon · License #9014570
(781) 322-8400
Source
Compass
Added: Feb 3 Updated: Jul 21 at 9:56PM Checked: Jul 22 at 11:20AM
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 EWK Realty
Investment Insights
Based on property information with market context.
This well-maintained oversized two-and-a-half family home features hardwood floors throughout and includes a formal dining room. The property has laundry hookups in the basement for both units. Mechanical updates include a new heating system for the second-floor unit and a newer gas forced-air hot water system for the first-floor unit. Outside, there is a nice back yard with a shed and plenty of off-street parking.
Located in West Lynn, the home is close to public transportation, schools, and shopping.
The layout is designed for income or owner-occupancy, supported by separate unit heating systems and shared basement laundry hookups.
Located in West Lynn, the home is close to public transportation, schools, and shopping.
The layout is designed for income or owner-occupancy, supported by separate unit heating systems and shared basement laundry hookups.
Key Highlights
- Well‑maintained oversized 2.5‑family home with 3 total bathrooms
- Hardwood floors throughout and a formal dining room
- Partially finished basement with laundry hookups for both units
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 | $83.0k | $30.60 |
| − Vacancy | −$5.1k | −$1.89 |
| EGI | $77.9k | $28.71 |
| − OpEx | −$23.4k | −$8.61 |
| NOI | $54.5k | $20.10 |
2,712 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$778.7K
$681.3K – $908.5K
NOI $54,507 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$676.6K
$592.0K – $789.4K
NOI $47,362 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$959.6K
$839.6K – $1.12M
NOI $67,171 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-and-a-half family home with hardwood floors, basement laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 99 New Park Street Lynn, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Well‑maintained oversized 2.5‑family home with 3 total bathrooms; Hardwood floors throughout and a formal dining room; Partially finished basement with laundry hookups for both units
