9-11 Dungeon Ave, Lynn MA 01905
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20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
An excellent opportunity for an investor seeking immediate rental income with value-add potential. Make your own updates with a $ 20,000 credit at closing! $20,000 credit at closing toward rate buydowns, prepaids, and closing costs! 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.
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Property History
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Property Timeline
Agent Changed
Sep 17, 2026Showing Instructions Updated
Sep 15, 2026Price Reduced
Sep 10, 2026Price Reduced
Aug 20, 2026Price Reduced
Jul 28, 2026Price Reduced
Jul 7, 2026Listed for Sale
Jun 16, 2026Previous Transaction - MLS #72615045
Previously Sold
Apr 30, 2020Previous Transaction - MLS #72043084
Previously Sold
Dec 12, 2016| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/17/2026 | 👤 Agent Changed | - | - | - | Ethan Forrest → |
| 09/15/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 09/10/2026 | ↓ Price Reduced | $579,900 | $19,100 | - | From $599,000 to $579,900 (-3.2%) |
| 08/20/2026 | ↓ Price Reduced | $599,000 | $26,000 | - | From $625,000 to $599,000 (-4.2%) |
| 07/28/2026 | ↓ Price Reduced | $625,000 | $24,900 | - | From $649,900 to $625,000 (-3.8%) |
| 07/07/2026 | ↓ Price Reduced | $649,900 | $35,100 | - | From $685,000 to $649,900 (-5.1%) |
| 06/16/2026 | 🏠 Listed for Sale | $685,000 | - | - | Original listing |
| 04/30/2020 | 🏷️ Previously Sold | $392,500 | - | - | MLS #72615045 |
| 12/12/2016 | 🏷️ Previously Sold | $270,000 | - | - | MLS #72043084 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,003 | $485,780 |
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9-11 Dungeon Ave, Lynn MA 01905
Lynn, MA 01905
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