Lynn Multifamily Property with
For Sale
$4,150,000
25 Hamilton Avenue, Lynn, MA 01902
Eighteen-unit multifamily property in Lynn, MA with solar array.
Property Size15,468 SF
Lot Size0.29 Acres
Price / SF$268.30
Days on Market169
Property Features for 25 Hamilton Avenue
General Information
Standard status
Active
Size
15,468 SF
Total Parking Spaces
16
Lot size
0.29 Acres
Property subtype
Multifamily
Building Details
Building Size
15,468 SF
Year Built
1973
Units
18
Listing Agency:
Boston Realty Advisors
(617) 768-7333
Listed By:
Daniel Alper · License #9587053
Source:
Bradvisors
Added: Mar 5
Changed: Aug 8
Last Checked: Apr 5 at 8:18PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
Located in Lynn, Massachusetts, 25 Hamilton Avenue is an eighteen-unit multifamily property. Constructed in 1973, this three-story brick building contains 11,169 square feet of gross living area within a total building area of 15,468 square feet, situated on a 0.29-acre lot. The property features sixteen on-site parking spaces. Each of the eighteen units is a one-bedroom apartment. The building is equipped with energy-efficient systems, including a solar array that fully offsets the building’s electrical consumption. Lynn, located 10 miles north of downtown Boston along the North Shore, offers urban convenience and coastal charm. The city features a vibrant downtown area, diverse dining and cultural experiences, and convenient access to Route 1A, Route 129, and the MBTA commuter rail, providing easy access to Boston and surrounding communities. The property benefits from an efficient heat and hot water system.
Key Highlights
- Solar array fully offsets building's electrical consumption
- Sixteen on‑site parking spaces in an urban submarket
- Located 10 miles north of downtown Boston with easy access to major routes and MBTA commuter rail
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
$270,132
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
6.51%
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%
$5,402,640
$5.4M
Cap Rate 7%
$3,859,029
$3.9M
Cap Rate 9%
$3,001,467
$3.0M
Market Conditions
NOI Build-Up for 15,468 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
$525.3K $33.96/SF
− Vacancy
−$34.1K −$2.21/SF
EGI
$491.1K $31.75/SF
− OpEx
−$221.0K −$14.29/SF
NOI
$270.1K $17.46/SF
Area
Lynn, MA
Vacancy
6.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
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%
$5,402,640
Cap Rate 7%
$3,859,029
Cap Rate 9%
$3,001,467
Alternative Uses
Best Use
Apartment 5plus
$3.86M
$3.38M – $4.50M
NOI $270,132 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.47M
$4.79M – $6.39M
NOI $383,111 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,557
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?
Apartment building - Eighteen-unit multifamily property in Lynn, MA with solar array.
Where is this apartment building located?
The property is located at 25 Hamilton Avenue Lynn, MA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Solar array fully offsets building's electrical consumption; Sixteen on‑site parking spaces in an urban submarket; Located 10 miles north of downtown Boston with easy access to major routes and MBTA commuter rail
