Two-Unit Duplex with
For Sale
$949,900
2 Lexington St, Woburn, MA 01801
Fully leased two-family property with separate kitchens, in-unit laundry, and off-street parking.
Property Size2,399 SF
Price / SF$395.79
Days on Market94
Property Features for 2 Lexington St
General Information
Standard status
Active
Size
2,399 SF
Total Parking Spaces
6
Property subtype
Multifamily
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,935
Building Details
Building Size
2,399 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Red Tree Real Estate
Listed By:
Adam Kotkin · License #MA RE-B-9510337
(617) 694-7356
Source:
Classifiedrealtygroup
Added: Jul 30
Changed: Oct 30
Last Checked: Oct 30 at 11:16AM
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 Red Tree Real Estate
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Investment Insights
Based on property information with market context.
Built in 1930, this 2,400-square-foot duplex includes two leased residential units. The first-floor unit offers 2 bedrooms, 2 full bathrooms, an eat-in kitchen, in-unit laundry, and access to a private rear porch and patio. The second-floor unit includes 2 bedrooms, 1 full bathroom, an open-concept kitchen, in-unit laundry, and a private back porch.
The property is located on the Winchester/Woburn line and includes an expansive driveway with ample off-street parking. Walk Score is 77, classified as Very Walkable; Bike Score is 54, classified as Bikeable; and Transit Score is 26, classified as Some Transit.
The property is located on the Winchester/Woburn line and includes an expansive driveway with ample off-street parking. Walk Score is 77, classified as Very Walkable; Bike Score is 54, classified as Bikeable; and Transit Score is 26, classified as Some Transit.
Key Highlights
- 2,400‑square‑foot two‑family duplex built in 1930
- Fully leased with 2 bedrooms in each unit
- First‑floor unit has 2 full bathrooms, eat‑in kitchen, laundry, rear porch, and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,785
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,700
$1.0M
Cap Rate 7%
$725,500
$725.5K
Cap Rate 9%
$564,278
$564.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$76.3K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$72.5K $30.23/SF
− OpEx
−$21.8K −$9.07/SF
NOI
$50.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,700
Cap Rate 7%
$725,500
Cap Rate 9%
$564,278
Alternative Uses
Best Use
Multifamily LT 5
$725.5K
$634.8K – $846.4K
NOI $50,785 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$682.2K
$596.9K – $795.9K
NOI $47,752 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,455 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
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Business Placement
Demographics for 01801, MA
40,891
Population
16,982
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
94%
High-School Grad
12.7 sq mi
ZIP Area
3,220
Density / Sq Mi
$107,754
Median Household Income
$60,637
Median Earnings
$2,190
Median Rent
$641,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-family property with separate kitchens, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 2 Lexington St Woburn, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 2,400‑square‑foot two‑family duplex built in 1930; Fully leased with 2 bedrooms in each unit; First‑floor unit has 2 full bathrooms, eat‑in kitchen, laundry, rear porch, and patio
