200 Lewis is a 3- story apartment building consisting of twelve (12) one-bedroom units with a total square footage of 14,338 and rentable square footage of 10,386 including twelve (12) surface parking spots. The subject property is ideally located on one of the main corridors of Lynn and close proximity to public transportation and many amenities. The property offers investors a tremendous value-add opportunity to bring units to market levels with a strategic renovation program. The property has been well maintained and capital improvements have been completed throughout the years such as: installment of new windows, electrical upgrades, exterior painted, common area flooring, interior painted, lighting, and some unit renovations.

Property Details

Price:
$2,425,000
MLS #:
73341337
Status:
Active
Beds:
12
Baths:
12
Address:
200 Lewis Street
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Mar 5, 2025
State:
MA
Finished Sq Ft:
10,386
Total Sq Ft:
10,386
ZIP:
01902
Lot Size:
5,911 sqft / 0.14 acres (approx)
Year Built:
1890
Units:
12

Schools

Interior

Bathrooms
12 Full Bathrooms
Flooring
Wood, Tile, Vinyl, Varies, Hardwood

Exterior

Community Features
Public Transportation, Laundromat, Public School, University
Construction Materials
Frame
Parking Features
Paved Drive, Shared Driveway, Off Street, Assigned
Parking Spots
12
Roof
Rubber

Financial

Net Operating Income
$184,398
Tax Year
2025
Taxes
$14,372

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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200 Lewis Street
Lynn, MA