Duplex with Enclosed
New
For Sale
$799,999
11-11A Concord St, Lynn, MA 01902
Two units include private rear porches, separate storage, and shared garage parking.
Property Size2,658 SF
Price / SF$300.98
Days on Market6
Property Features for 11-11A Concord St
General Information
Standard status
Active
Size
2,658 SF
Total Parking Spaces
2
Property subtype
Multi Family
Amenities
private enclosed porches
separate storage space
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Lyv Realty
(978) 533-8000
Listed By:
Nikki Palladino
(617) 957-0544
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 9:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyv Realty
Investment Insights
Based on property information with market context.
This 1920-built duplex at 11-11A Concord St in Lynn contains 2,658 square feet, with 5 bedrooms and 3 bathrooms. Interior details include built-in features and French doors. Each unit has its own enclosed rear porch, while separate storage, a 2-car garage, and an extended driveway provide additional functional space. Finished lower-level area and a walk-up attic accessible from the upper unit are also part of the property.
The property is in East Lynn, near shopping, restaurants, public transportation, local amenities, and major routes.
The property is in East Lynn, near shopping, restaurants, public transportation, local amenities, and major routes.
Key Highlights
- Duplex with 5 bedrooms and 3 bathrooms
- 2,658 square feet; built in 1920
- Private enclosed rear porch for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,422
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,440
$1.1M
Cap Rate 7%
$763,171
$763.2K
Cap Rate 9%
$593,578
$593.6K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$81.3K $30.60/SF
− Vacancy
−$5.0K −$1.89/SF
EGI
$76.3K $28.71/SF
− OpEx
−$22.9K −$8.61/SF
NOI
$53.4K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,440
Cap Rate 7%
$763,171
Cap Rate 9%
$593,578
Alternative Uses
Best Use
Multifamily LT 5
$763.2K
$667.8K – $890.4K
NOI $53,422 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$663.1K
$580.2K – $773.7K
NOI $46,419 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$940.5K
$822.9K – $1.10M
NOI $65,833 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
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 - Two units include private rear porches, separate storage, and shared garage parking.
Where is this duplex located?
The property is located at 11-11A Concord St Lynn, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Duplex with 5 bedrooms and 3 bathrooms; 2,658 square feet; built in 1920; Private enclosed rear porch for each unit
