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Chris Woodard

chrisw@kw.com +1(401) 640-3481

$ 3,300,000

Est. payment | -/mo

12 Beds

12 Baths

10,224 SqFt

Save

$ 3,300,000

Est. payment | -/mo

Save

12 Beds

12 Baths

10,224 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 10,224 sqft

Price per Sqft $322

MLS Listing ID 73561330

Bedrooms 12

Full Baths 12

Year Built 1905

Annual Tax Amount $24,526

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

Exceptional value-add investment opportunity in the heart of Lynn! This well-maintained 12-unit apartment building features twelve 1-bedroom, 1-bath units across three stories, offering an ideal addition to any investment portfolio. Four units have been tastefully renovated, providing immediate upside while leaving significant potential to further increase value through additional unit improvements. Ownership has completed significant capital improvements throughout the property over the past decade, including upgrades to unit interiors, building systems, and common areas, reflecting a strong history of investment and pride of ownership. Recent common area updates, including beautifully refinished and varnished hardwood floors and staircases, further enhance the property's appeal. Conveniently located near public transportation, shopping, dining, schools, and other everyday amenities, the property offers excellent accessibility for tenants. A rare opportunity to acquire a stabilized asset with substantial long-term income and appreciation potential in the growing Lynn market.

Location

State MA

County Essex

Zoning R4

Direction Western Ave to Harwood Street

Rooms

Basement Unfinished

Interior

Flooring Wood, Tile, Vinyl

Exterior

Community Features Public Transportation, Shopping, Park, Public School

Roof Type Rubber

Total Parking Spaces 6

Garage No

Building

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Lamacchia Realty, Inc.

Nearby Locations

GET MORE INFORMATION

Chris Woodard

Broker Associate in RI and MA | Lic# RI: B16682 | MA: 147825

chrisw@kw.com

+1(401) 640-3481

259 Thames St #10, Bristol, RI, 02809, USA

71 Harwood St Lynn, MA 01902

Chris Woodard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

71 Harwood St