Duplex with Enclosed
For Sale
$799,999
11-11a Concord Street, Lynn, MA 01902
Each residence has a private enclosed porch, with a two-car garage and extended driveway on site.
Property Size2,658 SF
Price / SF$300.98
Days on Market9
Property Features for 11-11a Concord Street
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Multi-family
Amenities
private enclosed porches
separate storage space
Building Details
Year Built
1920
Listing Agency:
Lyv Realty
Listed By:
Nikki Palladino
(603) 548-5315
Source:
Burkelordrealestate
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 8:50PM
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 2,658-square-foot duplex, built in 1920, contains five bedrooms and three bathrooms. Both units have private enclosed porches at the rear. Additional features include built-in details, French doors, separate storage, and a two-car garage. The extended driveway provides off-street parking, while the lower level includes finished space. A walk-up attic is accessible from the upper unit.
The property is near local shopping, restaurants, public transportation, major routes, and other area amenities.
The property is near local shopping, restaurants, public transportation, major routes, and other area amenities.
Key Highlights
- 2,658‑square‑foot duplex built in 1920
- Five bedrooms and three bathrooms
- Private enclosed porch serving 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
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 - Each residence has a private enclosed porch, with a two-car garage and extended driveway on site.
Where is this duplex located?
The property is located at 11-11a Concord Street 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: 2,658‑square‑foot duplex built in 1920; Five bedrooms and three bathrooms; Private enclosed porch serving each unit
