Property profile

555 Western Ave Lynn, MA 01904

OFF-MARKET
Residential income homes
Property ID
US38-1986069
10,264 SF 0.26 ac lot Built 2015
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 2015
Construction FRAME
Total area 10,264 SF
Lot 0.26 ac (11,190 SF)
Zoning code R4
APN LYNN M:054 B:259 L:046
UPID US38-1986069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

555 Western Ave Lynn, MA 01904-3226
Lynn metro Census 206000 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.76M
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$2.30M

Owner & transaction history

since 2018
5 recorded transactions
2023
Price N/A
2018
Price N/A
2015
Price N/A
2015
Price N/A
2014
$127,600

Zoning & alternative use

R4 · Lynn, MA
Zoning description

The intent of this zone is to promote high density residential uses.

General category RESIDENTIAL
Top alternative use upside
Restaurant $3.5M +8.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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