Duplex with Rooftop
For Sale
$999,900
Pending
87 Bellevue Rd, Lynn, MA 01904
Two-family property with separate laundry hookups, private outdoor areas, and off-street parking.
Property Size2,994 SF
Days on Market124
Property Features for 87 Bellevue Rd
General Information
Standard status
Pending
Size
2,994 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
private outdoor space
rooftop deck
separate laundry hookups
fireplace
walk-in closets
kitchenette
off-street parking
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Turn Key Realty
Listed By:
Kenneth Celano
(781) 264-3992
Source:
Lockandkeyre
Added: Jun 15
Changed: Oct 15
Last Checked: Oct 15 at 1:20AM
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 Turn Key Realty
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Investment Insights
Based on property information with market context.
This two-family property, built in 1900, provides over 2,900 square feet of living space with 5 bedrooms and 5.5 bathrooms. The layout includes generous room sizes and flexible living arrangements, while each unit has separate laundry hookups and private outdoor space. Off-street parking is also available.
The top-floor suite includes a kitchenette, fireplace, walk-in closets, and access to a rooftop deck with views toward the Atlantic Ocean and Boston skyline. A newer roof and siding add to the property's existing improvements. The home also offers access to public transportation, shopping, schools, parks, and major commuter routes.
The top-floor suite includes a kitchenette, fireplace, walk-in closets, and access to a rooftop deck with views toward the Atlantic Ocean and Boston skyline. A newer roof and siding add to the property's existing improvements. The home also offers access to public transportation, shopping, schools, parks, and major commuter routes.
Key Highlights
- Over 2,900 sq. ft. of living space with 5 bedrooms and 5.5 bathrooms
- Two‑family layout with separate laundry hookups for each unit
- Top‑floor suite includes a kitchenette, fireplace, and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,175
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,500
$1.2M
Cap Rate 7%
$859,643
$859.6K
Cap Rate 9%
$668,611
$668.6K
Market Conditions
NOI Build-Up for 2,994 SF
Gross rent
$91.6K $30.60/SF
− Vacancy
−$5.7K −$1.89/SF
EGI
$86.0K $28.71/SF
− OpEx
−$25.8K −$8.61/SF
NOI
$60.2K $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 Rate 5%
$1,203,500
Cap Rate 7%
$859,643
Cap Rate 9%
$668,611
Alternative Uses
Best Use
Multifamily LT 5
$859.6K
$752.2K – $1.00M
NOI $60,175 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$747.0K
$653.6K – $871.5K
NOI $52,287 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.06M
$926.9K – $1.24M
NOI $74,155 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
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Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate laundry hookups, private outdoor areas, and off-street parking.
Where is this duplex located?
The property is located at 87 Bellevue Rd Lynn, MA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Over 2,900 sq. ft. of living space with 5 bedrooms and 5.5 bathrooms; Two‑family layout with separate laundry hookups for each unit; Top‑floor suite includes a kitchenette, fireplace, and walk‑in closets
