374-378 Washington St, Lynn, MA 01901

Local realty services provided by:ERA Cape Real Estate
374-378 Washington St,Lynn, MA 01901
$3,100,000
  • 46 Beds
  • 8 Baths
  • 10,585 sq. ft.
  • Multi-family
  • Active
Listed by:dan pouladian
Office:north shore realty advisors
MLS#:73430774
Source:MLSPIN

Price summary

  • Price:$3,100,000
  • Price per sq. ft.:$292.87

About this home

376 Washington Street presents a rare opportunity to acquire a stabilized multifamily asset in the heart of Lynn. The property consists of 46 single room occupancy (SRO) units, supported by newer building systems that reduce near-term capital requirements while enhancing operational efficiency. This rare asset boasts a strong 10% capitalization rate, backed by a long history of high occupancy and reliable cash flow. The property features 46 furnished single-room units with shared kitchen facilities, coin-op laundry, four full bathrooms, and four half bathrooms. Professionally managed and well-maintained, the building has all operations, compliance, and staffing in place, ensuring a seamless ownership transition with minimal oversight. Additionally, the property is situated within a federally designated Opportunity Zone, offering investors the potential for significant tax advantages alongside strong operating performance. Monthly rent is ±$46,516.

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Home facts

  • Year built:1912
  • Listing ID #:73430774
  • Updated:September 16, 2025 at 01:22 PM

Rooms and interior

  • Bedrooms:46
  • Total bathrooms:8
  • Full bathrooms:4
  • Half bathrooms:4
  • Living area:10,585 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1912
  • Building area:10,585 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,100,000
  • Price per sq. ft.:$292.87
  • Tax amount:$24,415 (2025)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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