374-378 Washington St, Lynn MA 01901

Lynn, MA 01901
$3,100,000
Est. $16,500/month
46
Beds
6
Baths
10,585
Sq Ft
$293
Price/Sq Ft
0.07
Acres
1912
Year Built
5+ Family - Rooming House
Type
11
Days on Market
Active Listed Sep 27, 2025 • MLS# 73430774

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.

Facts & Features

Property Overview

Property Type
5+ Family - Rooming House
Property Category
Residential Income
Year Built
1912
Bedrooms
46
Full Bathrooms
4
Half Bathrooms
4
Living Area
10,585 sq ft
Total Rooms
46
Stories
4
Levels
4

Interior Features

Has Fireplace
No

Exterior & Structure

Roof
Rubber
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
2,879 sq ft
Lot Size Area
0.0700

Parking & Garage

Has Garage
No
Parking Features
Paved Drive

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$24,415
Tax Year
2025
Tax Assessed Value
$2,356,700
Parcel Number
M:068 B:634 L:008,2003524
Zoning
CBD
Financial Data Source
Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Seller's agent/broker make no representations or warranties, buyer to conduct their own due diligence.

Location

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Neighborhood

374-378 Washington St, Lynn MA 01901

Lynn, MA 01901

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 $2,035
Homeowners Insurance $200
PMI $0

Property History

Property Timeline

🏠
Listed for Sale
Sep 15, 2025
$3,100,000
Original listing
Office: North Shore Realty Advisors

Price & Status History

Date Event Price Change
Sep 15, 2025 New Listing Added $3,100,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$293

Tax History

Year Taxes Assessment
2025 $24,415 $2,356,700

Financial Details

Annual Property Tax
$24,415
Tax Year 2025
Assessed Value
$2,356,700

Listing Information

Listing Agent Dan Pouladian
Listing Office North Shore Realty Advisors
Agent MLS ID NB115212
Office MLS ID AN7007

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