Overview Property Details Payment Calculator Walkability

Active

141 Essex St, Lynn MA 01902

$710,000

Estimated $1,441.93/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $355,000

Total Rent: 47400/year

Estimated CAP Rate: 6.18%

3 Bedrooms

2 Full, 1 Half Baths

1,880 SqFt

Total Parking: 1

2,079 SqFt

Knock! Knock this opportunity is at your door. Mix use property comes with the a bakery commercial lease tenant in unit one. Residential tenant at will in unit 2. Property are well maintained. 1+ year old roof, newly installed oil tank for unit 2, 2 year old water tank for u...

This home has been viewed 98 times

Last Checked: April 5th, 2025 at 7:13am (Source: MLS PIN #73277682)

Gross Income: $47,400

Gross Expenses: $3,488

Net Income Calc: $43,912

CAP Rate: 6.18%

Beach Front

Annual Expenses for 141 Essex St, Lynn MA 01902

Total Gross Expenses (Calculated)$3,488/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,488

Annual Income & Unit Breakdown for 141 Essex St, Lynn MA 01902

Total Gross Income (Calculated)$47,400

Unit 1

Rental Income$2,150

LeaseY

Bedrooms1

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 141 Essex St, Lynn MA 01902

Listing ID73277682

Property TypeMulti Family / 2 Family

Price$710,000 ($377.66/SqFt)

Style2 Family - 2 Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,880 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking1

Garage Parking

Year Built1906

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

Zoningr4

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1/10 To 3/10 To Beach, Beach Ownership(public)

Energy Features

Terms

Disclosures for 141 Essex St, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

Total Gross Income By Broker$47,400

Total Net Income By Broker$47,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation2%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 141 Essex St, Lynn MA 01902

Real Estate Taxes$3,488

Tax Year2024

Assessed Value$443,300

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$47,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$47,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.18%

Location Information for 141 Essex St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Laundromat, Public Transportation

Contact Information for 141 Essex St, Lynn MA 01902

Agent

Name: Hien Lieu

MLS ID: CN209722

Office ID: AN8814

National Association ID: 454007429

Address: 65 Nahant Street #1

City: Lynn

State: MA

Zip: 01902

Office

Name: RE/MAX 360

MLS Office ID: AN8814

Phone: 781-593-7611

Payment Calculator

$4,665.46 per month

30 Years Fixed, 6.75% Interest

Property Taxes $290.67

Principal & Interest $4,374.79

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX 360

Hien Lieu

Agent Phone

Office Phone

(781) 593-7611

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT