374-378 Washington St
Lynn, MA, 01901
$3,100,000
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.
Current real estate data for Multi Family in Lynn as of Oct 08, 2025
42
Multi Family Listed
137
Avg DOM
298
Avg $ / SqFt
$1,176,948
Avg List Price
Property Details
Price:
$3,100,000
MLS #:
73430774
Status:
Active
Beds:
46
Baths:
6
Type:
Multi Family
Subtype:
5+ Family – Rooming House
Listed Date:
Sep 15, 2025
Finished Sq Ft:
10,585
Total Sq Ft:
10,585
Lot Size:
2,879 sqft / 0.07 acres (approx)
Year Built:
1912
Schools
Interior
Bathrooms
4 Full Bathrooms, 4 Half Bathrooms
Exterior
Parking Features
Paved Drive
Roof
Rubber
Financial
Tax Year
2025
Taxes
$24,415
Map
Contact Us
Mortgage Calculator
Community
- Address374-378 Washington St Lynn MA
- CityLynn
- CountyEssex
- Zip Code01901
Subdivisions in Lynn
Property Summary
- 374-378 Washington St Lynn MA is a Multi Family for sale in Lynn, MA, 01901. It is listed for $3,100,000 To schedule a showing of MLS#73430774 at 374-378 Washington St in Lynn, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.
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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.,…
More About JamesCourtesy of North Shore Realty Advisors. 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.
374-378 Washington St
Lynn, MA