Two-Unit Duplex with Separate
New
For Sale
$765,000
67 Oakwood Ave, Lynn, MA 01902
Vacant two-unit property with flexible layouts, outdoor areas, off-street parking, and a fenced yard.
Property Size2,496 SF
Price / SF$306.49
Days on Market4
Property Features for 67 Oakwood Ave
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
deck
screened porch
fully fenced yard
off-street parking
Building Details
Building Size
2,496 SF
Year Built
1895
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 11:00AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This 2-unit duplex, built in 1895, is fully vacant and offers distinct residential layouts. The first unit contains 2 bedrooms and 1 full bath, along with an updated kitchen and large deck. The second unit spans two floors and includes 4 bedrooms, 1 full bath, hardwood floors, built-ins, and a screened porch.
Each unit has separate utilities, high-efficiency gas heating installed in 2018, an individual water heater installed in 2019, and a 200-amp electric panel. The property also includes a roof installed in 2018, off-street parking, and a fully fenced yard. Schools, shopping, and daily amenities are nearby, while the beach is approximately one mile away. Walk Score is 89, Bike Score is 63, and Transit Score is 45.
Each unit has separate utilities, high-efficiency gas heating installed in 2018, an individual water heater installed in 2019, and a 200-amp electric panel. The property also includes a roof installed in 2018, off-street parking, and a fully fenced yard. Schools, shopping, and daily amenities are nearby, while the beach is approximately one mile away. Walk Score is 89, Bike Score is 63, and Transit Score is 45.
Key Highlights
- Two‑unit duplex delivered fully vacant
- Unit mix includes 2 bedrooms and 1 bath plus 4 bedrooms and 1 bath
- Separate utilities, 200‑amp electric panels, and individual water heaters
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
$50,166
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
6.56%
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%
$1,003,320
$1.0M
Cap Rate 7%
$716,657
$716.7K
Cap Rate 9%
$557,400
$557.4K
Market Conditions
NOI Build-Up for 2,496 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
$76.4K $30.60/SF
− Vacancy
−$4.7K −$1.89/SF
EGI
$71.7K $28.71/SF
− OpEx
−$21.5K −$8.61/SF
NOI
$50.2K $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%
$1,003,320
Cap Rate 7%
$716,657
Cap Rate 9%
$557,400
Alternative Uses
Best Use
Multifamily LT 5
$716.7K
$627.1K – $836.1K
NOI $50,166 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$622.7K
$544.9K – $726.5K
NOI $43,590 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$883.2K
$772.8K – $1.03M
NOI $61,821 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
728
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with flexible layouts, outdoor areas, off-street parking, and a fenced yard.
Where is this duplex located?
The property is located at 67 Oakwood Ave Lynn, MA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two‑unit duplex delivered fully vacant; Unit mix includes 2 bedrooms and 1 bath plus 4 bedrooms and 1 bath; Separate utilities, 200‑amp electric panels, and individual water heaters
