New-Construction
New
For Sale
$1,258,900
20 Bellair St, Lynn, MA 01902
Vacant two-unit property with modern finishes, private outdoor space, garage parking, and assigned off-street spaces.
Property Size2,660 SF
Price / SF$473.27
Days on Market7
Property Features for 20 Bellair St
General Information
Standard status
Active
Size
2,660 SF
Total Parking Spaces
5
Property subtype
2 Family - 2 Units Side by Side
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
covered porches
fenced backyard
hardwood flooring
designer kitchens
stainless steel appliances
energy-efficient heating and cooling systems
Building Details
Building Size
2,660 SF
Year Built
2026
Buildings
1
Listing Agency:
Keller Williams Realty Evolution
(978) 879-6040
Listed By:
Jarvid Cortes · License #452508574
(978) 879-6040
Source:
Iverty
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:11AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two finished residential units with three bedrooms and three bathrooms per unit. Interiors feature hardwood flooring, contemporary finishes, designer kitchens with stainless steel appliances, and energy-efficient heating and cooling systems. Each unit also includes a covered porch and access to the fenced backyard.
The property will be delivered vacant, allowing the next owner to select occupants or reside in one unit while leasing the other. Additional improvements include a one-car garage and four assigned off-street parking spaces. The property is located near shopping, restaurants, public transportation, and major commuter routes in East Lynn.
The property will be delivered vacant, allowing the next owner to select occupants or reside in one unit while leasing the other. Additional improvements include a one-car garage and four assigned off-street parking spaces. The property is located near shopping, restaurants, public transportation, and major commuter routes in East Lynn.
Key Highlights
- Two‑unit duplex completed in 2026
- Each unit includes 3 bedrooms and 3 bathrooms
- Hardwood flooring, contemporary finishes, and stainless steel kitchen appliances
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
$53,462
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
4.25%
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%
$1,069,240
$1.1M
Cap Rate 7%
$763,743
$763.7K
Cap Rate 9%
$594,022
$594.0K
Market Conditions
NOI Build-Up for 2,660 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
$81.4K $30.60/SF
− Vacancy
−$5.0K −$1.89/SF
EGI
$76.4K $28.71/SF
− OpEx
−$22.9K −$8.61/SF
NOI
$53.5K $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%
$1,069,240
Cap Rate 7%
$763,743
Cap Rate 9%
$594,022
Alternative Uses
Best Use
Multifamily LT 5
$763.7K
$668.3K – $891.0K
NOI $53,462 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$663.6K
$580.7K – $774.2K
NOI $46,454 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$941.2K
$823.5K – $1.10M
NOI $65,883 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,059
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 - Vacant two-unit property with modern finishes, private outdoor space, garage parking, and assigned off-street spaces.
Where is this duplex located?
The property is located at 20 Bellair St Lynn, MA.
What is the asking price?
The asking price for this property is $1,258,900.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; Each unit includes 3 bedrooms and 3 bathrooms; Hardwood flooring, contemporary finishes, and stainless steel kitchen appliances
