Two-and-a-Half-Family Home with
For Sale
$868,900
7 Alice Avenue, Lynn, MA 01902
Vacant, move-in-ready residence offers driveway parking, yard space, and a tall basement.
Property Size3,162 SF
Price / SF$274.79
Days on Market17
Property Features for 7 Alice Avenue
General Information
Standard status
Active
Size
3,162 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Public Transit
Yes
Building Details
Year Built
1880
Listing Agency:
USA Realty LLC
Listed By:
Julio R. Carrera · License #448552935
(617) 515-9933
Source:
Littlefieldre
Added: Oct 2
Changed: Oct 16
Last Checked: Oct 16 at 8:36AM
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 USA Realty LLC
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Investment Insights
Based on property information with market context.
This vacant two-and-a-half-family residence contains 3,162 square feet and was built in 1880. The property includes a two-car garage, driveway parking, additional yard area, and a tall basement. Its current vacant condition allows the next owner to plan occupancy or leasing without coordinating around existing residents.
The home is located near the T. The basement’s height offers potential for expansion, subject to any applicable requirements.
The home is located near the T. The basement’s height offers potential for expansion, subject to any applicable requirements.
Key Highlights
- Two‑and‑a‑half‑family property with 3,162 square feet
- Built in 1880
- Two‑car garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,221
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,420
$1.1M
Cap Rate 7%
$788,871
$788.9K
Cap Rate 9%
$613,567
$613.6K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$107.4K $33.96/SF
− Vacancy
−$7.0K −$2.21/SF
EGI
$100.4K $31.75/SF
− OpEx
−$45.2K −$14.29/SF
NOI
$55.2K $17.46/SF
Area
Lynn, MA
Vacancy
6.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,420
Cap Rate 7%
$788,871
Cap Rate 9%
$613,567
Alternative Uses
Best Use
Apartment 5plus
$788.9K
$690.3K – $920.4K
NOI $55,221 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$979.0K – $1.31M
NOI $78,316 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,825
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant, move-in-ready residence offers driveway parking, yard space, and a tall basement.
Where is this multifamily property located?
The property is located at 7 Alice Avenue Lynn, MA.
What is the asking price?
The asking price for this property is $868,900.
What are key features of this property?
This property features: Two‑and‑a‑half‑family property with 3,162 square feet; Built in 1880; Two‑car garage and driveway parking
