Two-Unit Duplex with
New
For Sale
$739,000
200 Lynnfield St, Peabody, MA 01960
MULTI_FAMILY - Peabody, MA
Property Size2,176 SF
Lot Size0.23 Acres
Price / SF$339.61
Days on Market4
Property Features for 200 Lynnfield St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking
6
Elementary school
South Memorial
Middle school
J Henry Higgins
High school
Pvmh
Directions
Lynnfield St. to Hathaway Ave.
Subdivision
South Peabody
Standard status
Active
APN
M:0100 B:0065,2107935
Size
2,176 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6110
Amenities
above-ground pool
patio
storage shed
fenced backyard
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty Evolution
(781) 395-5600
Listed By:
Keller Williams Realty Evolution
Added: Aug 6
Changed: Aug 8
Last Checked: Aug 9 at 3:06AM
MLS# 73560280
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.
Investment Insights
Based on property information with market context.
Built in 1930, this 2,176-square-foot duplex contains two residential units, each with 2 bedrooms and 1 full bathroom. The units offer functional layouts and natural light, while a partially finished basement adds adaptable space for storage, recreation, a hobby area, fitness use, or a home office. Separate utilities support distinct unit operations.
The property occupies a 0.2309-acre corner lot at 200 Lynnfield St in Peabody. Exterior features include a fenced backyard, above-ground pool, patio, storage shed, and a maintained yard. Six off-street parking spaces provide on-site parking. The property is zoned R1 and has access to major highways, shopping, restaurants, parks, schools, public transportation, and medical facilities.
The property occupies a 0.2309-acre corner lot at 200 Lynnfield St in Peabody. Exterior features include a fenced backyard, above-ground pool, patio, storage shed, and a maintained yard. Six off-street parking spaces provide on-site parking. The property is zoned R1 and has access to major highways, shopping, restaurants, parks, schools, public transportation, and medical facilities.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit
- 2,176 square feet of building area on a 0.2309‑acre corner lot
- Six off‑street parking spaces
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
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Frequently Asked Questions
What type of property is this?
Duplex - R1-zoned duplex on a corner lot with separate utilities, fenced outdoor space, and flexible lower-level area.
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‑unit duplex with 2 bedrooms and 1 full bathroom per unit; 2,176 square feet of building area on a 0.2309‑acre corner lot; Six off‑street parking spaces
