Remodeled Two-Family
14 Union Ct Lynn, MA 01902
New
14 Union Ct, Lynn, MA, 01902
$649,000
For Sale
$649,000
Two-family house with complete 2022 interior remodeling, including new electrical wiring, insulation, and bathrooms.
Property Size1,289 SF
Price / SF$503.49
Days on Market2
Property Features for 14 Union Ct
General Information
- Standard status
- Active
- Size
- 1,289 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1910
Listing agency
Re-yes Real Estate
(781) 883-8300
Listed by
Jose Reyes
(781) 883-8300
Source
Alliancepartnersre
Added: Jul 20 Updated: Jul 21 at 7:08AM Checked: Jul 21 at 7:08AM
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 Re-yes Real Estate
Investment Insights
Based on property information with market context.
This two-family home was fully renovated in 2022. According to the seller, walls and ceilings were gutted and the home was completely insulated, with new electric wiring throughout and new bathrooms installed. The property’s interior improvements provide a refreshed layout for owner-occupants seeking additional space, as well as for buyers looking to offset housing costs with rental income.
The home is described as very conveniently located close to amenities in the city. For buyers considering a dual-use residential income property in Lynn, this recently remodeled two-family configuration is designed to support modern, straightforward occupancy.
If you’re evaluating residential income opportunities, the key takeaway here is the level of interior work completed in 2022, including insulation, electrical upgrades, and bathroom replacements.
The home is described as very conveniently located close to amenities in the city. For buyers considering a dual-use residential income property in Lynn, this recently remodeled two-family configuration is designed to support modern, straightforward occupancy.
If you’re evaluating residential income opportunities, the key takeaway here is the level of interior work completed in 2022, including insulation, electrical upgrades, and bathroom replacements.
Key Highlights
- Two‑family house built in 1910
- Complete interior remodeling completed in 2022, including gutted walls and ceilings
- 2022 upgrades include complete insulation and new electric wiring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $30.60 |
| − Vacancy | −$2.4k | −$1.89 |
| EGI | $37.0k | $28.71 |
| − OpEx | −$11.1k | −$8.61 |
| NOI | $25.9k | $20.10 |
1,289 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.1K
$323.8K – $431.8K
NOI $25,907 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$321.6K
$281.4K – $375.2K
NOI $22,511 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$456.1K
$399.1K – $532.1K
NOI $31,926 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family house with complete 2022 interior remodeling, including new electrical wiring, insulation, and bathrooms.
Where is this duplex located?
The property is located at 14 Union Ct Lynn, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑family house built in 1910; Complete interior remodeling completed in 2022, including gutted walls and ceilings; 2022 upgrades include complete insulation and new electric wiring
