Two-Unit Residential Income
For Sale
$749,999
6 Hampden Place, Lynn, MA 01902
Duplex with two units and separated utilities, offering parking for up to four cars.
Property Size2,803 SF
Price / SF$267.57
Days on Market139
Property Features for 6 Hampden Place
General Information
Standard status
Active
Size
2,803 SF
Total Parking Spaces
4
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Stories
2
Tenancy
Multi
Listing Agency:
Hacienda Realty
Listed By:
Rosa Martinez
(617) 447-6603
Source:
Benoitrealestate
Added: May 25
Changed: Oct 8
Last Checked: Oct 10 at 1:53AM
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 / Yr
$56,336
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 Place 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
