Two-Family Duplex with Bay
For Sale
$819,900
5 Forest Hill Ave, Lynn, MA 01904
The two-unit layout pairs a vacant residence with an occupied unit, offering flexibility for owner use and rental income.
Property Size2,482 SF
Price / SF$330.34
Days on Market15
Property Features for 5 Forest Hill Ave
General Information
Standard status
Active
Size
2,482 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,347
Building Details
Tenancy
Single
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Edwin Romero
(857) 236-5044
Source:
Exprealty
Added: Oct 7
Changed: Oct 19
Last Checked: Oct 21 at 12:30AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
At 5 Forest Hill Ave in Lynn, this 2,482-square-foot duplex contains two three-bedroom, one-bathroom residences. The first unit is vacant; the second is occupied. Both units have lead paint treated certificates.
Inside Unit 1, hardwood flooring, recessed lights, and broad windows span connected living and dining spaces. The kitchen has white cabinets, a tile backsplash, and a stainless steel gas range. Its bathroom includes a wood-tone vanity and a tiled, glass-enclosed shower with a rainfall head and black fixtures. A sheltered front porch and bay-window detailing complete the exterior.
Inside Unit 1, hardwood flooring, recessed lights, and broad windows span connected living and dining spaces. The kitchen has white cabinets, a tile backsplash, and a stainless steel gas range. Its bathroom includes a wood-tone vanity and a tiled, glass-enclosed shower with a rainfall head and black fixtures. A sheltered front porch and bay-window detailing complete the exterior.
Key Highlights
- 2,482‑square‑foot duplex at 5 Forest Hill Ave, Lynn, MA
- Two units, each with 3 bedrooms and 1 bathroom
- Unit 1 is vacant; Unit 2 is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,884
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,680
$997.7K
Cap Rate 7%
$712,629
$712.6K
Cap Rate 9%
$554,267
$554.3K
Market Conditions
NOI Build-Up for 2,482 SF
Gross rent
$75.9K $30.60/SF
− Vacancy
−$4.7K −$1.89/SF
EGI
$71.3K $28.71/SF
− OpEx
−$21.4K −$8.61/SF
NOI
$49.9K $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%
$997,680
Cap Rate 7%
$712,629
Cap Rate 9%
$554,267
Alternative Uses
Best Use
Multifamily LT 5
$712.6K
$623.6K – $831.4K
NOI $49,884 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$878.2K
$768.4K – $1.02M
NOI $61,474 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,397
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout pairs a vacant residence with an occupied unit, offering flexibility for owner use and rental income.
Where is this duplex located?
The property is located at 5 Forest Hill Ave Lynn, MA.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: 2,482‑square‑foot duplex at 5 Forest Hill Ave, Lynn, MA; Two units, each with 3 bedrooms and 1 bathroom; Unit 1 is vacant; Unit 2 is occupied
