$549,900
9-11 Dungeon Ave
Lynn, MA, 01905
An excellent opportunity for an investor seeking 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. Sold as-is, but currently generating high income and always occupied.
Property Details
Price:
$549,900
MLS #:
73536785
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Listed Date:
Jun 16, 2026
Finished Sq Ft:
1,368
Total Sq Ft:
1,368
Lot Size:
12,018 sqft / 0.28 acres (approx)
Year Built:
1970
Units:
2
Schools
Interior
Above Grade Finished Area
1368
Appliances
Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
Bathrooms
2 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Tile, Vinyl
Heating
Electric
Laundry Features
Electric Dryer Hookup, Washer Hookup
Levels
2
Exterior
Community Features
Public Transportation, Shopping, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Construction Materials
Frame
Lot Features
Wooded
Open Parking Spaces
3
Open Parking YN
1
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
3
Parking Total
3
Patio And Porch Features
Deck
Roof
Shingle
Stories
2
Financial
Tax Year
2026
Taxes
$5,003
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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Map
Current real estate data for Multi Family in Lynn as of Nov 08, 2026
61
Multi Family Listed
149
Avg DOM
307
Avg $ / SqFt
$1,484,537
Avg List Price
Community
- Address9-11 Dungeon Ave Lynn MA
- CityLynn
- CountyEssex
- Zip Code01905
Subdivisions in Lynn
Similar Listings Nearby
Property Summary
- 9-11 Dungeon Ave Lynn MA is a Multi Family for sale in Lynn, MA, 01905. It is listed for $549,900 To schedule a showing of MLS#73536785 at 9-11 Dungeon Ave in Lynn, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of The Aland Realty Group LLC. 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.
9-11 Dungeon Ave
Lynn, MA