Two-Unit Property with Separate
For Sale
$739,000
Pending
200 Lynnfield St, Peabody, MA 01960
Two well-kept residential units with flexible basement space, outdoor amenities, and ample off-street parking.
Property Size2,176 SF
Days on Market10
Property Features for 200 Lynnfield St
General Information
Standard status
Pending
Size
2,176 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
R1
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,110
Amenities
fenced backyard
above-ground pool
patio area
storage shed
Building Details
Building Size
2,176 SF
Year Built
1930
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Evolution
(781) 334-8075
Listed By:
Shola Oguntolu
(781) 334-8075
Source:
Alliancepartnersre
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 15 at 7:46AM
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 = 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
$36,657
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
4.96%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 St 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
