Two-Unit Residential Income
For Sale
$749,999
Pending
6 Hampden Pl, Lynn, MA 01902
Duplex with two units and separated utilities, offering parking for up to four cars.
Property Size2,803 SF
Days on Market94
Property Features for 6 Hampden Pl
General Information
Standard status
Pending
Size
2,803 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
R1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,381
Building Details
Building Size
2,803 SF
Year Built
1900
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Hacienda Realty
(617) 568-9590
Listed By:
Rosa Martinez
(617) 447-6603
Source:
Threehillsres
Added: Jun 4
Changed: Aug 8
Last Checked: Jul 23 at 6:35AM
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 Hacienda Realty
Investment Insights
Based on property information with market context.
This ready-to-move-in duplex at 6 Hampden Pl offers a flexible two-unit layout. The first floor includes two bedrooms, a living room, kitchen, full bathroom, and an office space. The second floor features four bedrooms, a living room, a kitchen, and a full bathroom.
Utilities including gas and electricity are separated between the units. The property also provides parking for up to four cars. A certificate is treated for unit #1.
The building is configured for two distinct residential arrangements, with independent utility separation and dedicated interior space across two levels.
Utilities including gas and electricity are separated between the units. The property also provides parking for up to four cars. A certificate is treated for unit #1.
The building is configured for two distinct residential arrangements, with independent utility separation and dedicated interior space across two levels.
Key Highlights
- Year built 1900 single duplex with 2 units and flexible living layout
- First floor: 2 bedrooms, living room, kitchen, full bath, and office space
- Second floor: 4 bedrooms, living room, kitchen, and full bathroom
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
$56,336
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
7.51%
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%
$1,126,720
$1.1M
Cap Rate 7%
$804,800
$804.8K
Cap Rate 9%
$625,956
$626.0K
Market Conditions
NOI Build-Up for 2,803 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
$85.8K $30.60/SF
− Vacancy
−$5.3K −$1.89/SF
EGI
$80.5K $28.71/SF
− OpEx
−$24.1K −$8.61/SF
NOI
$56.3K $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%
$1,126,720
Cap Rate 7%
$804,800
Cap Rate 9%
$625,956
Alternative Uses
Best Use
Multifamily LT 5
$804.8K
$704.2K – $938.9K
NOI $56,336 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$699.3K
$611.9K – $815.9K
NOI $48,951 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$991.8K
$867.8K – $1.16M
NOI $69,425 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,191
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 - Duplex with two units and separated utilities, offering parking for up to four cars.
Where is this duplex located?
The property is located at 6 Hampden Pl Lynn, MA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Year built 1900 single duplex with 2 units and flexible living layout; First floor: 2 bedrooms, living room, kitchen, full bath, and office space; Second floor: 4 bedrooms, living room, kitchen, and full bathroom
