Turnkey Two-Family
For Sale
$549,900
9-11 Dungeon Ave, Lynn, MA 01905
Two-unit duplex with matching 2-bedroom, 1-bath layouts, updated interiors, in-unit laundry, and off-street parking.
Property Size1,368 SF
Price / SF$401.97
Days on Market138
Property Features for 9-11 Dungeon Ave
General Information
Standard status
Active
Size
1,368 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
R2
Net Operating Income
$51,041
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,003
Amenities
in-unit laundry
off-street parking
Building Details
Building Size
1,368 SF
Year Built
1970
Stories
2
Tenancy
Multi
Listing Agency:
The Aland Realty Group LLC
(603) 501-0463
Listed By:
Forrest Homes Group
(978) 239-6418
Source:
Churchillprop
Added: Jun 16
Changed: Oct 30
Last Checked: Oct 30 at 12:39PM
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 The Aland Realty Group LLC
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Investment Insights
Based on property information with market context.
This well-maintained two-family property offers a turnkey configuration with two separate units. Each unit features an efficient 2-bedroom, 1-bath layout, with updated bathrooms, refreshed kitchens, fresh paint, and in-unit laundry.
The property includes off-street parking for added day-to-day convenience. Offered for sale at 9-11 Dungeon Ave in Lynn, MA, it is positioned for straightforward occupancy or owner-occupant flexibility.
The property includes off-street parking for added day-to-day convenience. Offered for sale at 9-11 Dungeon Ave in Lynn, MA, it is positioned for straightforward occupancy or owner-occupant flexibility.
Key Highlights
- Two‑family duplex built in 1970 with matching 2‑bedroom, 1‑bath layouts in each unit
- Updated bathrooms and refreshed kitchens in both units
- In‑unit laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,495
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,900
$549.9K
Cap Rate 7%
$392,786
$392.8K
Cap Rate 9%
$305,500
$305.5K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$41.9K $30.60/SF
− Vacancy
−$2.6K −$1.89/SF
EGI
$39.3K $28.71/SF
− OpEx
−$11.8K −$8.61/SF
NOI
$27.5K $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%
$549,900
Cap Rate 7%
$392,786
Cap Rate 9%
$305,500
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.3K
NOI $27,495 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 01905, MA
27,761
Population
9,583
Households
2.9
Avg Household Size
34
Median Age
21%
College-Educated
79%
High-School Grad
3.1 sq mi
ZIP Area
8,955
Density / Sq Mi
$84,341
Median Household Income
$42,983
Median Earnings
$1,749
Median Rent
$443,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with matching 2-bedroom, 1-bath layouts, updated interiors, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 9-11 Dungeon Ave Lynn, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family duplex built in 1970 with matching 2‑bedroom, 1‑bath layouts in each unit; Updated bathrooms and refreshed kitchens in both units; In‑unit laundry in each unit
