Updated Two-Family Home in
For Sale
$899,999
Pending
325 Western Ave, Lynn, MA 01904
Turn-key, high-income property near transportation and downtown.
Property Size2,941 SF
Lot Size0.10 Acres
Days on Market312
Property Features for 325 Western Ave
General Information
Standard status
Pending
Size
2,941 SF
Lot size
0.10 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,243
Building Details
Building Size
2,941 SF
Year Built
1900
Stories
3
Units
2
Listing Agency:
Transcend Realty
Listed By:
Trinh Tran · License #9518816
(781) 244-8500
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 5 at 6:35PM
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 Transcend Realty
Investment Insights
Based on property information with market context.
This updated two-family property in Lynn, MA, generates over $100,000 annually. The first-floor unit includes 2 bedrooms, a kitchen with stainless steel appliances and granite countertops, and hardwood floors. The second-floor unit features 4 bedrooms and 2 full bathrooms with modern finishes. Both units have separate utilities and access to off-street parking. The property is located near major highways, public transportation, shopping, restaurants, and Lynn's revitalized downtown. This property is suitable for investors or owner-occupants seeking cash flow and modern comfort.
Key Highlights
- Generates over $100,000 annually.
- Two units with separate utilities and ample off‑street parking.
- First‑floor unit: 2 bedrooms, stylish kitchen with stainless steel appliances and granite countertops, hardwood floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,109
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,180
$1.2M
Cap Rate 7%
$844,414
$844.4K
Cap Rate 9%
$656,767
$656.8K
Market Conditions
NOI Build-Up for 2,941 SF
Gross rent
$90.0K $30.60/SF
− Vacancy
−$5.6K −$1.89/SF
EGI
$84.4K $28.71/SF
− OpEx
−$25.3K −$8.61/SF
NOI
$59.1K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,180
Cap Rate 7%
$844,414
Cap Rate 9%
$656,767
Alternative Uses
Best Use
Multifamily LT 5
$844.4K
$738.9K – $985.2K
NOI $59,109 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$733.7K
$642.0K – $856.0K
NOI $51,361 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.04M
$910.5K – $1.21M
NOI $72,843 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,455
Businesses Nearby
Explore this area
Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Turn-key, high-income property near transportation and downtown.
Where is this duplex located?
The property is located at 325 Western Ave Lynn, MA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Generates over $100,000 annually.; Two units with separate utilities and ample off‑street parking.; First‑floor unit: **2 bedrooms, stylish kitchen with stainless steel appliances and granite countertops, hardwood floors.**
