Sold
374-378 Washington St, Lynn, MA
Lynn · MA 01901
- $3,000,000
- Price
- 46
- Beds
- 6
- Baths
- 10585
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1912
Lot size:
2,879 Sq.Ft Lot
Price per square foot:
$293 / Sq.Ft
Parking:
No Parking
About this home
376 Washington Street offers a rare chance to acquire a stabilized multifamily asset in the heart of Lynn. The property includes 46 furnished SRO units with shared kitchens, coin-op laundry, four full and four half bathrooms. Supported by newer building systems, it delivers operational efficiency, reduced near-term capital needs, and a strong 10% cap rate with consistent occupancy and reliable cash flow. Professionally managed with staffing and compliance in place, it ensures a seamless transition for new ownership. Located in a federally designated Opportunity Zone, it provides potential tax benefits alongside strong performance. Monthly rent is approximately $46,516, and the seller will consider a buyer?s property in trade for a 1031 exchange.
Neighborhood & Transit
374-378 Washington St, Lynn · MA 01901
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Lynn Interim Commuter Rail 1 route 0.36 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 296 days
- Listing Price:
- $3,100,000
- Price per Sq.Ft:
- $293
- Tax Assessment:
- $2,356,700 in 2025
- Taxes:
- $2,035 / Monthly
Home Facts
Interior Features
- Bedrooms
- 46
- Full Bathrooms
- 4
- Half Bathrooms
- 4
- Living Area
- 10,585 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 10585
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 2,879 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Dan Pouladian
- Listing office
- North Shore Realty Advisors
- MLS PIN #
- 73430774
- Disclosure
- Seller's agent/broker make no representations or warranties, buyer to conduct their own due diligence.