35 Ridgeway St Lynn — Photo 1 of 1
$629,000
Investment Analysis — 35 Ridgeway St
Lynn, MA 01902 — East Lynn
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01902 carries an estimated $5,640/mo in gross rent — about a 7.04% cap rate and $44,295/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
3
SqFt
1,916
Style
Multi Family
Built
1915
Bring your creativity and vision to this spacious 2.5-family home offering tremendous potential for an owner-occupant or investor. The large owner’s unit features six rooms and three generously sized bedrooms, providing plenty of comfortable living space. Additional highlights include newer vinyl siding and roof, plus a large lot of nearly 8,000 square feet, offering excellent outdoor space and future possibilities. Property is being sold in “as is” condition. Great opportunity to add value and make this property your own!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Laundromat • Bike Path • Conservation Area • Private School
Geography
Listing Agent: Eugene L. Clements
Listing Office: Clements Realty Group
MLS® Number: 73567722
