New Construction
20 Bellair St, Lynn, MA 01902
For Sale
$1,210,000
Residential Income, Lynn, MA
Property Size2,660 SF
Lot Size0.24 Acres
Price / SF$454.89
Days on Market97
Property Features for 20 Bellair St
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
covered porches
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
Added: Aug 5
Changed: Oct 30
Last Checked: Nov 9 at 7:06AM
MLS# 73559844
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit duplex is under construction and scheduled for completion in 2026. The property is designed with 6 bedrooms, 4 full bathrooms, and 2 half bathrooms, along with hardwood floors, stainless steel kitchen appliances, energy-efficient heating and cooling systems, and contemporary interior finishes. Covered porches, a fenced backyard, a 1-car garage, and 4 assigned off-street parking spaces add functional value. Delivery is planned in vacant condition, allowing the next owner to occupy a unit or establish a new tenancy strategy.
The property is zoned R2 and sits on a 0.2361-acre lot at 20 Bellair St in Lynn, Massachusetts. Shopping, restaurants, public transportation, and major commuter routes are identified in the surrounding area.
The property is zoned R2 and sits on a 0.2361-acre lot at 20 Bellair St in Lynn, Massachusetts. Shopping, restaurants, public transportation, and major commuter routes are identified in the surrounding area.
Key Highlights
- Two‑unit duplex under construction with anticipated 2026 completion
- 6 bedrooms, 4 full bathrooms, and 2 half bathrooms
- 0.2361‑acre lot in Lynn, MA 01902
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,462
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
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
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 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 4.42%
Second Best
Apartment 5plus
$663.6K
$580.7K – $774.2K
NOI $46,454 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$941.2K
$823.5K – $1.10M
NOI $65,883 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,059
Businesses Nearby
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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
$456,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lynn, MA
Properties on Market for Duplexes in Lynn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit multifamily property with contemporary finishes, covered porches, a fenced yard, garage, and assigned off-street parking.
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 $1,210,000.
What are key features of this property?
This property features: Two‑unit duplex under construction with anticipated 2026 completion; 6 bedrooms, 4 full bathrooms, and 2 half bathrooms; 0.2361‑acre lot in Lynn, MA 01902
