Two-Family Residence with
9 Ainsworth Place Lynn, MA 01905
9 Ainsworth Place, Lynn, MA, 01905
$715,000
For Sale
$715,000
Two separate units each offer 2 bedrooms, 1 full bath, bonus rooms, separate utilities, and off-street parking.
Property Size1,848 SF
Price / SF$386.90
Days on Market47
Property Features for 9 Ainsworth Place
General Information
- Standard status
- Active
- Size
- 1,848 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1860
Listing agency
Crimson Real Estate Agency,LLC
(978) 835-3040
Listed by
Nancy Antonopoulos · License #9513639
Source
Eganrealtygroup
Added: Jun 7 Updated: Jul 22 at 11:21PM Checked: Jul 22 at 11:21PM
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 Crimson Real Estate Agency,LLC
Investment Insights
Based on property information with market context.
This charming two-family residence provides two separate living units, each featuring a layout with 2 bedrooms, 1 full bath, and bonus rooms that can serve a variety of flexible needs. Separate utilities enhance convenience and allow each unit to function independently. Off-street parking adds day-to-day practicality, and the property also includes a spacious backyard suited for outdoor entertaining, gardening, or relaxing.
Set on a quiet dead-end street, the location offers a more private feel while still keeping residents close to recreational opportunities. The property is described as within walking distance to Barry Park, providing access to recreational amenities, walking trails, and open green space.
With two full residential units and dedicated utility separation, the property is structured to appeal to both owner-occupants and investors seeking a manageable, income-producing format.
Set on a quiet dead-end street, the location offers a more private feel while still keeping residents close to recreational opportunities. The property is described as within walking distance to Barry Park, providing access to recreational amenities, walking trails, and open green space.
With two full residential units and dedicated utility separation, the property is structured to appeal to both owner-occupants and investors seeking a manageable, income-producing format.
Key Highlights
- Two‑family home built in 1860 with two separate units
- Each unit has 2 bedrooms, 1 full bath, and bonus rooms for flexible living space
- Separate utilities for 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 | $56.5k | $30.60 |
| − Vacancy | −$3.5k | −$1.89 |
| EGI | $53.1k | $28.71 |
| − OpEx | −$15.9k | −$8.61 |
| NOI | $37.1k | $20.10 |
1,848 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$530.6K
$464.3K – $619.0K
NOI $37,142 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$461.0K
$403.4K – $537.9K
NOI $32,273 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$653.9K
$572.1K – $762.9K
NOI $45,771 @ 7.0% cap · market cap 6.40%
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 separate units each offer 2 bedrooms, 1 full bath, bonus rooms, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 9 Ainsworth Place Lynn, MA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two‑family home built in 1860 with two separate units; Each unit has 2 bedrooms, 1 full bath, and bonus rooms for flexible living space; Separate utilities for each unit
