Investment Analysis — 104 Waterhill St

Lynn, MA 01905 — West Lynn

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 01905 carries an estimated $5,180/mo in gross rent — about a 5.08% cap rate and $39,357/yr in estimated NOI at the $774,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,959

Style

Multi Family

Built

1910

Function and form at its best—opportunity awaits at this attractive two-family home located in convenient West Lynn. Ideal for an owner-occupant or seasoned investor looking to expand their portfolio. Both units offer a modern flair with tasteful finishes, oak hardwood flooring, updated kitchens featuring shaker cabinetry with quartz countertops in one unit and granite in the other. Renovated bathrooms showcase contemporary tilework, quartz-top vanity, and stylish 12x24 tile flooring. The first-floor unit offers valuable bonus space in the basement for storage or hobby area, while the upper unit extends to the third floor with two additional bedrooms in a townhouse-style layout. Newer mechanical systems fueled by natural gas and solar panels, enhance energy efficiency. Low maintenance yard with patio and storage shed make exterior chores a breeze. Double driveway with abundant parking available. Location is fantastic, located on a one way street / corner lot with easy access to area attractions such as Market Basket, Western Avenue business district, MBTA bus service, Blue Line Service at Wonderland Station, Routes 1, 1A & 95, and nearby Red Rock and Nahant beaches. Take action and make this your next investment in one of the fastest growing emerging markets.

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 MLS and other third-party data may be inaccurate or out of date.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.