Two-Unit Duplex with Fenced
For Sale
$739,000
Pending
200 Lynnfield St, Peabody, MA 01960
Residential Income, Peabody, MA
Property Size2,176 SF
Lot Size0.23 Acres
Days on Market19
Property Features for 200 Lynnfield St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Parking
6
Elementary school
South Memorial
Middle school
J Henry Higgins
High school
Pvmh
Directions
Lynnfield St. to Hathaway Ave.
Subdivision
South Peabody
Standard status
Pending
APN
M:0100 B:0065,2107935
Size
2,176 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6110
Amenities
fenced backyard
above-ground pool
patio area
storage shed
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty Evolution
(781) 395-5600
Listed By:
Keller Williams Realty Evolution
Added: Aug 6
Changed: Aug 22
Last Checked: Aug 24 at 11:06AM
MLS# 73560280
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,176-square-foot duplex at 200 Lynnfield St. contains two residential units, each with two bedrooms, one full bathroom, natural light, and a practical floor plan. A partially finished basement adds flexible interior space for storage, recreation, a home office, fitness use, or hobbies. The property was built in 1930 and sits on a 0.2309-acre corner lot.
Exterior features include a fenced backyard, above-ground pool, patio, storage shed, and a well-maintained yard. Separate utilities and six off-street parking spaces support the two-unit configuration. The Peabody property is near major highways, shopping, restaurants, parks, schools, public transportation, and medical facilities.
Exterior features include a fenced backyard, above-ground pool, patio, storage shed, and a well-maintained yard. Separate utilities and six off-street parking spaces support the two-unit configuration. The Peabody property is near major highways, shopping, restaurants, parks, schools, public transportation, and medical facilities.
Key Highlights
- 2,176‑square‑foot duplex with two residential units
- Each unit offers 2 bedrooms and 1 full bathroom
- 0.2309‑acre corner lot with fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,140
$733.1K
Cap Rate 7%
$523,671
$523.7K
Cap Rate 9%
$407,300
$407.3K
Market Conditions
NOI Build-Up for 2,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.8K $25.20/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$52.4K $24.07/SF
− OpEx
−$15.7K −$7.22/SF
NOI
$36.7K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,140
Cap Rate 7%
$523,671
Cap Rate 9%
$407,300
Alternative Uses
Best Use
Multifamily LT 5
$523.7K
$458.2K – $611.0K
NOI $36,657 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$472.7K
$413.6K – $551.5K
NOI $33,089 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,173 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, a full bath, and access to shared outdoor amenities.
Where is this duplex located?
The property is located at 200 Lynnfield St Peabody, MA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 2,176‑square‑foot duplex with two residential units; Each unit offers 2 bedrooms and 1 full bathroom; 0.2309‑acre corner lot with fenced backyard
