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INVESTMENT SNAPSHOT
About this property
Well-maintained two-family property set on an oversized lot in a desirable Lynn location near Flax Pond. Both units offer a flexible floor plan with spacious rooms and solid interior condition, making this an ideal opportunity for owner-occupants and investors alike. Interior updates have been well cared for, allowing a new owner to focus on maximizing future value. The exterior will benefit from trim and shingle repairs and/or replacement, presenting a clear value-add opportunity. A detached oversized one-car garage and ample outdoor space add to the property’s appeal and functionality. With strong upside potential in rental income and a location close to commuter routes, and local amenities, this is a smart long-term hold with room to grow. Rent in unit two is market rent not actual. Actual is unknown.
Property details
| Units | 2 |
| Living area | 2,844 sqft |
| Lot size | 6,360 sqft |
| Year built | 1927 |
| Price / sqft | $299 |
| County | Essex |
| MLS # | 73494075 |
Listing status
| Days on market | 29 days |
| Listed on | March 31, 2026 |
Taxes & financials
| Annual property tax | $8,396 |
| Tax year | 2025 |
| Assessed value | $810,407 |
| Zoning | R1 |
| Gross income (actual) | $38,400/yr |
| Net operating income (actual) | $38,400/yr |
| Total actual rent | $3,200/mo |
Building & lot
| Stories | 3 |
| Total rooms | 13 |
| Lot size | 0.15 acres |
| Garage spaces | 1 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Carpet |
Utilities & systems
| Heating | Natural Gas |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range, Varies per Unit |
Location
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Listing courtesy of Leading Edge Real Estate — The Bill Butler Group. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 48 Saratoga St, Lynn MA 01902 have?
It is a 2-unit multi-family property with 2,844 sqft of living area, built in 1927.
How long has 48 Saratoga St, Lynn MA 01902 been on the market?
48 Saratoga St, Lynn MA 01902 has been listed for 29 days (since March 31, 2026).
What is the estimated cap rate on this 2-family in Lynn?
Based on area median rents, the estimated cap rate is about 4.2%, with a Signal Score of 76/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $850,000 across 2 units, that works out to roughly $425,000 per unit.
What are the property taxes on 48 Saratoga St, Lynn MA 01902?
Annual property taxes are $8,396 (2025), on an assessed value of $810,407.
What is the price per square foot?
At $850,000 for 2,844 sqft, that's about $299 per square foot.
Is there parking?
1 garage space and 6 total parking spaces (paved drive, off street, paved).
Where is this property located?
48 Saratoga St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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