MA
Essex
Lynn
01901
374-378 Washington St
374-378 Washington St, Lynn, MA 01901
Share Listing
Listing Type
Multi Family
Listing Status
Pending
23
$3,100,000

Home Details for 374-378 Washington St

Price
$3,100,000
Type
Residential Income
Bedrooms
46
Bathrooms
8.0
Square feet
10585
Year built
1912
Lot size acres
0.07
County
Essex
Total rooms
46
Garage
Days on site
103
MLS Listing#
73430774
Property Description

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.

Property Features
  • Water Features
    • Public
  • Parking
    • Paved
Listing Courtesy: North Shore Realty Advisors - 617-548-7737
Presented by: Dan Pouladian
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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