Two-Family Duplex
For Sale
$799,999
50-52 Allen Avenue, Lynn, MA 01902
Located near schools, parks, main roads, and stores in Lynn.
Property Size2,411 SF
Price / SF$331.81
Days on Market106
Property Features for 50-52 Allen Avenue
General Information
Standard status
Active
Size
2,411 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Boston Realty Services and Partners,LLC
(617) 606-1593
Listed By:
Elba Rojas
Source:
Eganrealtygroup
Added: May 19
Changed: Aug 31
Last Checked: Aug 31 at 8:17PM
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 Services and Partners,LLC
Investment Insights
Based on property information with market context.
Located at 50-52 Allen Avenue in Lynn, Massachusetts, this two-family residential property contains 2,411 square feet and was built in 1900. The duplex configuration provides two residential units within one property, supporting separate household occupancy.
The property is situated near schools, parks, main roads, and stores, providing access to everyday services and local transportation routes. Its established construction date and two-unit format define the core physical characteristics of the offering.
The property is situated near schools, parks, main roads, and stores, providing access to everyday services and local transportation routes. Its established construction date and two-unit format define the core physical characteristics of the offering.
Key Highlights
- Two‑family duplex configuration
- 2,411 square feet of property size
- Built in 1900
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
$48,457
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
6.06%
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%
$969,140
$969.1K
Cap Rate 7%
$692,243
$692.2K
Cap Rate 9%
$538,411
$538.4K
Market Conditions
NOI Build-Up for 2,411 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
$73.8K $30.60/SF
− Vacancy
−$4.6K −$1.89/SF
EGI
$69.2K $28.71/SF
− OpEx
−$20.8K −$8.61/SF
NOI
$48.5K $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 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%
$969,140
Cap Rate 7%
$692,243
Cap Rate 9%
$538,411
Alternative Uses
Best Use
Multifamily LT 5
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$601.5K
$526.3K – $701.8K
NOI $42,106 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$853.1K
$746.5K – $995.3K
NOI $59,716 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,521
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?
Duplex - Located near schools, parks, main roads, and stores in Lynn.
Where is this duplex located?
The property is located at 50-52 Allen Avenue Lynn, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑family duplex configuration; 2,411 square feet of property size; Built in 1900
