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USAMALynn374 Washington St
378 - 374 Washington St, Home with 46 bedrooms, 8 bathrooms and null parking in Lynn MA | Image 1
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$3,100,000

378 - 374 Washington St, Lynn, MA

Real Estate

For Sale

$--,---,---
4680
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 10585 sqft
Garage No
Taxes $24,415
Days Active 3
Lot Size 
Approx. Age 1912
Avg. Price Per Sqft $292
MLS® Number 73430774

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

376 Washington Street presents a rare opportunity to acquire a stabilized multifamily asset in the heart of Lynn. The property consists of 46 single room occupancy (SRO) units, supported by newer building systems that reduce near-term capital requirements while enhancing operational efficiency. This rare asset boasts a strong 10% capitalization rate, backed by a long history of high occupancy and reliable cash flow. The property features 46 furnished single-room units with shared kitchen facilities, coin-op laundry, four full bathrooms, and four half bathrooms. Professionally managed and well-maintained, the building has all operations, compliance, and staffing in place, ensuring a seamless ownership transition with minimal oversight. Additionally, the property is situated within a federally designated Opportunity Zone, offering investors the potential for significant tax advantages alongside strong operating performance. Monthly rent is ±$46, 516.Show Description
MLS® Number73430774
Laundry Level
Central VacNo
FireplaceNo
Acreage0.07
Exterior
GarageNo
Approx. Age1912
Basement
DrivewayPaved Drive
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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