9-11 Dungeon Ave, Lynn, MA 01905

Lynn
Local realty services provided by:ERA Key Realty Services
9-11 Dungeon Ave,Lynn, MA 01905
$579,900
Virtual Tour
  • 4 Beds
  • 2 Baths
  • 1,368 sq. ft.
  • Multi-family
  • Active
Listed by: forrest homes group
Office: the aland realty group llc
MLS#:73536785
Source:MLSPIN

Price summary

  • Price:$579,900
  • Price per sq. ft.:$423.9

About this home

Excellent opportunity for an investor looking for immediate rental income with value-add potential. 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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Home facts

  • Year built:1970
  • Listing ID #:73536785
  • Updated:September 27, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:10
  • Flooring:Tile, Vinyl
  • Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
  • Living area:1,368 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1970
  • Building area:1,368 sq. ft.
  • Lot area:0.28 Acres
  • Lot Features:Wooded
  • Construction Materials:Frame
  • Exterior Features:Deck
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$579,900
  • Price per sq. ft.:$423.9
  • Tax amount:$5,003 (2026)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Laundry features:Dryer, Electric Dryer Hookup, Washer, Washer Hookup

Parking

  • Total parking spaces:3
  • Parking description:Off Street, Paved, Paved Drive
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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