$3,100,000

374-378 Washington St, Lynn, MA 01901

  • 46 beds |
  • 8 baths |
  • 10,585 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $293/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
September 15, 2025 at 05:00AM
Listing Office:
North Shore Realty Advisors : 617-548-7737
Listing Agent:
Dan Pouladian : 617-548-7737
MLS ID:
73430774
  • Fireplace: Fireplaces: 0
  • Parking: Paved Drive
  • Roofing: Rubber
  • General: 4Stone
  • Originating MLS: MLS Property Information Network
  • County: Essex
  • Zoning: CBDM:068 B:634 L:0082003524
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Dan Pouladian, North Shore Realty Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cobbet Elementary School

40 Franklin St, Lynn, MA, 01902

Grades KG-5

0.39 miles away

F

Fecteau-Leary Junior/Senior High School

33 N Common St, Lynn, MA, 01902

Grades 6-12

0.41 miles away

F

Fecteau-Leary Junior/Senior High School

33 N Common St, Lynn, MA, 01902

Grades 6-12

0.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.