Two-Unit Duplex with Separate
601 Lincoln Avenue, Saugus, MA 01906
For Sale
$739,900
Each residence has its own laundry hookup, and the property includes updated gas heating systems and separate electric service.
Property Size1,768 SF
Price / SF$418.50
Days on Market9
Property Features for 601 Lincoln Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
laundry hook-up
large attic storage
front farmers porch
new paved driveway
Yes
2
No
3
Public Record
Living Room,Dining Room,Kitchen,Laundry Room
1768
Public
0.08
Paved Drive,Tandem,Paved
Paved
Stone,Brick/Mortar
Building Details
Building Size
Year Built
Stories
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Wendy Carpenito
(781) 233-7300
Source:
Capelandingre
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 5:43PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
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Investment Insights
Based on property information with market context.
This 1,768-square-foot duplex contains two distinct residences. The first-floor unit has one bedroom, a living room, dining room, kitchen, full bath with a stand-up shower, and an in-unit laundry hookup. Upstairs, the two-bedroom unit includes a living room, eat-in kitchen, full bath, and its own laundry hookup. Hardwood flooring runs through both units. The property also has two updated gas heating systems, separate electric service, attic storage, and a front porch. Recent work includes interior and exterior painting and a newly paved driveway.
The property is just outside Clintondale Square and on a bus line.
The property is just outside Clintondale Square and on a bus line.
Key Highlights
- Two‑unit duplex with 1,768 square feet
- First‑floor unit has 1 bedroom, living room, dining room, kitchen, full bath, and laundry hookup
- Second‑floor unit includes 2 bedrooms, living room, eat‑in kitchen, full bath, and laundry hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,784
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,680
$595.7K
Cap Rate 7%
$425,486
$425.5K
Cap Rate 9%
$330,933
$330.9K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$44.6K $25.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$42.5K $24.07/SF
− OpEx
−$12.8K −$7.22/SF
NOI
$29.8K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,680
Cap Rate 7%
$425,486
Cap Rate 9%
$330,933
Alternative Uses
Best Use
Multifamily LT 5
$425.5K
$372.3K – $496.4K
NOI $29,784 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$384.1K
$336.1K – $448.1K
NOI $26,885 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$1.05M
$915.8K – $1.22M
NOI $73,265 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
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Business Placement
Demographics for 01906, MA
28,619
Population
11,259
Households
2.5
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,467
Density / Sq Mi
$100,819
Median Household Income
$52,189
Median Earnings
$1,982
Median Rent
$589,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry hookup, and the property includes updated gas heating systems and separate electric service.
Where is this duplex located?
The property is located at 601 Lincoln Avenue Saugus, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,768 square feet; First‑floor unit has 1 bedroom, living room, dining room, kitchen, full bath, and laundry hookup; Second‑floor unit includes 2 bedrooms, living room, eat‑in kitchen, full bath, and laundry hookup
