Two-Unit Property with Separate
For Sale
$739,000
200 Lynnfield Street, Peabody, MA 01960
Two well-kept residential units with flexible basement space, outdoor amenities, and ample off-street parking.
Property Size2,176 SF
Price / SF$339.61
Days on Market71
Property Features for 200 Lynnfield Street
General Information
Standard status
Active
Size
2,176 SF
Total Parking Spaces
6
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced backyard
above-ground pool
patio area
storage shed
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Evolution
Listed By:
Shola Oguntolu
(781) 395-5600
Source:
Jmulkerinrealty
Added: Aug 4
Changed: Oct 12
Last Checked: Oct 9 at 7:16PM
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.
This 2,176-square-foot two-family property, built in 1930, contains two residential units with matching layouts of two bedrooms and one full bathroom. Both units receive abundant natural light and include practical living arrangements. A partially finished basement adds adaptable interior space for storage, recreation, a home office, fitness use, or hobbies.
The property occupies a corner lot in South Peabody and includes a fenced backyard, patio, above-ground pool, and storage shed. Separate utilities serve the two units, while six off-street parking spaces support the property. R1 zoning is listed for the site. The location provides access to major highways, shopping, restaurants, parks, schools, public transportation, and medical facilities in Peabody and the surrounding North Shore.
The property occupies a corner lot in South Peabody and includes a fenced backyard, patio, above-ground pool, and storage shed. Separate utilities serve the two units, while six off-street parking spaces support the property. R1 zoning is listed for the site. The location provides access to major highways, shopping, restaurants, parks, schools, public transportation, and medical facilities in Peabody and the surrounding North Shore.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- 2,176 SF property built in 1930
- Separate utilities for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,657
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,140
$733.1K
Cap Rate 7%
$523,671
$523.7K
Cap Rate 9%
$407,300
$407.3K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$54.8K $25.20/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$52.4K $24.07/SF
− OpEx
−$15.7K −$7.22/SF
NOI
$36.7K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,140
Cap Rate 7%
$523,671
Cap Rate 9%
$407,300
Alternative Uses
Best Use
Multifamily LT 5
$523.7K
$458.2K – $611.0K
NOI $36,657 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$472.7K
$413.6K – $551.5K
NOI $33,089 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,173 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two well-kept residential units with flexible basement space, outdoor amenities, and ample off-street parking.
Where is this duplex located?
The property is located at 200 Lynnfield Street Peabody, MA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; 2,176 SF property built in 1930; Separate utilities for the two units
