Building Details

Building Size 15,468 SF

Year Built 1973

Units 18

Listing Agency: Boston Realty Advisors

Listed By: Daniel Alper · License #CN254381 Show Phone

Source: Bradvisors

Added: Mar 5 Changed: Aug 8 Last Checked: Apr 22 at 6:59AM

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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 / Yr

$270,132

Cap Rate

6.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,402,640 $5.4M

Cap Rate 7%

$3,859,029 $3.9M

Cap Rate 9%

$3,001,467 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,468 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $383,111 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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