For Sale
9-11 Dungeon Ave, Lynn, MA
Lynn · MA 01905
- $549,900
- Price
- 4
- Beds
- 2
- Baths
- 1368
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1970
Units:
2 Units
Lot size:
0.28 Acre Lot
Price per square foot:
$402 / Sq.Ft
Parking:
3 Off Street Spaces
About this home
An excellent opportunity for an investor seeking immediate rental income with value-add potential. Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies. Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant. Sold as-is, but currently generating high income and always occupied.
Neighborhood & Transit
9-11 Dungeon Ave, Lynn · MA 01905
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 140 days
- Listing Price:
- $549,900
- Price per Sq.Ft:
- $402
- Tax Assessment:
- $485,780 in 2026
- Taxes:
- $417 / Monthly
Home Facts
Interior Features
- Bedrooms
- 4
- Full Bathrooms
- 2
- Half Bathrooms
- 0
- Living Area
- 1,368 Sq.Ft
- Broker Disclosure about Living Area
- Square footage is approximate and discrepancies will not be negotiated.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 1368
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers
Exterior Features
- Lot Size
- 12,018 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 3 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Forrest Homes Group
- Listing office
- The Aland Realty Group LLC
- MLS PIN #
- 73536785
- Disclosure
- Unit 2 is currently rented for $2,200/mo. Tenants to convey with the property. Property is being sold in as-is condition. Some photos are virtually staged.
- Disclosure
- Square footage is approximate and discrepancies will not be negotiated.