Turnkey Two-Family
9-11 Dungeon Ave Lynn, MA 01905
9-11 Dungeon Ave, Lynn, MA, 01905
$649,900
For Sale
$649,900
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$475.07
Days on Market37
Property Features for 9-11 Dungeon Ave
General Information
- Standard status
- Active
- Size
- 1,368 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1970
Listing agency
Gibson Sotheby's International Realty
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Jun 16 Updated: Jul 22 at 1:09AM Checked: Jul 22 at 2:58AM
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 Gibson Sotheby's International Realty
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.9k | $30.60 |
| − Vacancy | −$2.6k | −$1.89 |
| EGI | $39.3k | $28.71 |
| − OpEx | −$11.8k | −$8.61 |
| NOI | $27.5k | $20.10 |
1,368 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.3K
NOI $27,495 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 $649,900.
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
