USAMALynn378-374 Washington St
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$3,100,000

Sold

6 months ago

378 - 374 Washington St, Lynn, MA

MLS® 73430774

46 Bed

8 Bath

10585 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 10585 sqft
Garage No
Taxes $24,415
Lot Size 0.07 acres
Approx. Age 1912
Avg. Price Per Sqft $292
MLS® Number 73430774

Property Address: 378-374 Washington St, Lynn, MA, 01901-1107

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73430774
Laundry Level
Central VacNo
FireplaceNo
Acreage0.07
Exterior
GarageNo
Approx. Age1912
Basement
DrivewayPaved Drive
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

Dec 4, 2025End Date
$3,000,000Sold Price

Sold

Sep 15, 2025List Date
$3,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
374 Washington St, Lynn, MA

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