Duplex with Two-Car
New
For Sale
$849,900
112 Bellevue Rd, Lynn, MA 01904
Two separate residences offer matching room layouts, gas-cooking kitchens, and independent living space.
Property Size2,584 SF
Price / SF$328.91
Days on Market4
Property Features for 112 Bellevue Rd
General Information
Standard status
Active
Size
2,584 SF
Total Parking Spaces
2
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,843
Amenities
Gas Cooking
Tankless Hot Water
Building Details
Building Size
2,584 SF
Year Built
1920
Buildings
1
Listing Agency:
Toner Real Estate, LLC
Listed By:
Colleen Toner
(781) 780-9054
Source:
Donnellyandco
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 8:53AM
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 Toner Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains 2,584 square feet across two residences. Each unit has six rooms, two bedrooms, one full bathroom, and a kitchen with gas cooking. A two-car garage, tankless water heater, and vinyl siding are additional property features.
The building occupies a corner lot and has off-street parking. Schools, shopping, restaurants, and transportation are nearby. The property is zoned R2.
The building occupies a corner lot and has off-street parking. Schools, shopping, restaurants, and transportation are nearby. The property is zoned R2.
Key Highlights
- 2,584‑square‑foot duplex built in 1920
- Two units, each with 6 rooms, 2 bedrooms, and 1 full bath
- Two‑car garage and off‑street parking on a corner lot
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
$51,934
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
6.11%
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%
$1,038,680
$1.0M
Cap Rate 7%
$741,914
$741.9K
Cap Rate 9%
$577,044
$577.0K
Market Conditions
NOI Build-Up for 2,584 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
$79.1K $30.60/SF
− Vacancy
−$4.9K −$1.89/SF
EGI
$74.2K $28.71/SF
− OpEx
−$22.3K −$8.61/SF
NOI
$51.9K $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 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%
$1,038,680
Cap Rate 7%
$741,914
Cap Rate 9%
$577,044
Alternative Uses
Best Use
Multifamily LT 5
$741.9K
$649.2K – $865.6K
NOI $51,934 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$644.7K
$564.1K – $752.1K
NOI $45,127 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$914.3K
$800.0K – $1.07M
NOI $64,001 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
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Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer matching room layouts, gas-cooking kitchens, and independent living space.
Where is this duplex located?
The property is located at 112 Bellevue Rd Lynn, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2,584‑square‑foot duplex built in 1920; Two units, each with 6 rooms, 2 bedrooms, and 1 full bath; Two‑car garage and off‑street parking on a corner lot
