200 Lewis is a 3- story apartment building consisting of twelve (12) one-bedroom units with a total square footage of 14,338 and rentable square footage of 10,386 including twelve (12) surface parking spots. The subject property is ideally located on one of the main corridors of Lynn and close proximity to public transportation and many amenities. The property offers investors a tremendous value-add opportunity to bring units to market levels with a strategic renovation program. The property has been well maintained and capital improvements have been completed throughout the years such as: installment of new windows, electrical upgrades, exterior painted, common area flooring, interior painted, lighting, and some unit renovations.
Sale Statistics
Sale Overview
Original List Price:$2,425,000
Final Sale Price:$2,300,000
Difference:
$125,000 (-5.2%)
Performance Metrics
94.8%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$233
Sale $/sq ft:$221
This property sold for $221 per square foot
Sale Summary
This property sold for 5.2% below the original asking price.
With only 25 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Property Category
Residential Income
Year Built
1890
Bedrooms
12
Full Bathrooms
12
Living Area
10,386 sq ft
Total Rooms
24
Stories
3
Levels
3
Interior Features
Flooring
Wood, Tile, Vinyl, Varies, Hardwood
Has Fireplace
No
Basement Details
Full
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Rubber
Foundation
Stone
Foundation Area
99,999 sq ft
Patio/Porch Features
Porch, Deck - Wood
Has Spa
No
Waterfront Features
1/10 to 3/10 To Beach
Waterfront Property
No
Lot & Land
Lot Size
0.14 acres
Lot Size
5,911 sq ft
Lot Size Area
0.1400
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
12
Parking Features
Paved Drive, Shared Driveway, Off Street, Assigned
Utilities & Systems
Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts
Energy Efficient Features
Varies per Unit
Community & HOA
Community Features
Public Transportation, Laundromat, Public School, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$14,372
Tax Year
2025
Tax Assessed Value
$1,092,500
Parcel Number
2001569
Zoning
B
Financial Data Source
Estimated, Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Location
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Neighborhood
200 Lewis Street, Lynn MA 01902
Lynn, MA 01902
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,198
Homeowners Insurance$200
PMI$0
Property History
Market Insights
5.2%
Price Range
26
Total Days on Market
Property Timeline
✓
Sold
May 5, 2025
$2,300,000
Property sold
Days on Market: 26
🏠
Listed for Sale
Mar 5, 2025
$2,425,000
Original listing
Agent: Michael McCarthyOffice: North Shore Realty Advisors
