374-378 Washington St, Lynn, MA 01901
- Beds
- 46
- Baths
- 8
- Sqft
- 10,585
View property features, location on map, relevant school information and overview from seller's agent.
- 4
- 0
Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 4
- Number of bedrooms
- 46
- Number of bathrooms
- 8
- Square feet
- 10,585
- Lot size (acres)
- 0.07
- Year built
- 1912
Utilities
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Electricity
- $23,025
- Insurance
- $28,334
Taxes
- Tax Annual Amount (2025)
- $24,415
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73430774 Last checked: …
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