Two-Family Duplex
For Sale
$799,999
50-52 Allen Ave, Lynn, MA 01902
Located near schools, parks, main roads, and stores in Lynn.
Property Size2,411 SF
Price / SF$331.81
Days on Market152
Property Features for 50-52 Allen Ave
General Information
Standard status
Active
Size
2,411 SF
Property subtype
Multi-Family
Zoning
R2
Additional Details
Multifamily Units
2
Amenities
Wood, Hardwood
Refrigerator
Ceiling Fan(s), Walk-Up Attic, Stone/Granite/Solid Counters, Living Room, Kitchen, Family Room
No
Shingle
Building Details
Building Size
2,411 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Boston Realty Services and Partners, LLC
Listed By:
Elba Rojas
(617) 606-1593
Source:
Reishomesearch
Added: May 20
Changed: Sep 19
Last Checked: Sep 18 at 9:38AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$48,457
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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 Ave 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
