Two-Unit Duplex with
New
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 Size2,400 SF
Price / SF$395.79
Days on Market3
Property Features for 2 Lexington St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Investment
Occupancy
100%
Building Details
Building Size
2,399 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Red Tree Real Estate
(617) 694-7356
Listed By:
Adam Kotkin · License #9510337
(617) 694-7356
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:08PM
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
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 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 | $76.3k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $72.5k | $30.23 |
| − OpEx | −$21.8k | −$9.07 |
| NOI | $50.8k | $21.16 |
2,400 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
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
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 - 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
