$3,100,000
374-378 Washington St
Lynn, MA, 01901
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.
Property Details
Price:
$3,100,000
MLS #:
73430774
Status:
Active
Beds:
46
Baths:
6
Address:
374-378 Washington St
Type:
Multi Family
Subtype:
5+ Family – Rooming House
City:
Lynn
Listed Date:
Sep 15, 2025
State:
MA
Finished Sq Ft:
10,585
Total Sq Ft:
10,585
ZIP:
01901
Lot Size:
2,879 sqft / 0.07 acres (approx)
Year Built:
1912
Schools
Interior
Bathrooms
4 Full Bathrooms, 4 Half Bathrooms
Exterior
Parking Features
Paved Drive
Roof
Rubber
Financial
Tax Year
2025
Taxes
$24,415
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of North Shore Realty Advisors. The property listing data and information 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 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 set forth herein.
374-378 Washington St
Lynn, MA
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