Open House Mar 09, 2025
12:00 – 02:00
Prime Multi-Unit Investment Opportunity in Lynn, MA – This well-maintained multi-family property is perfect for serious investors seeking a high-performing asset. Featuring spacious units with modern updates, hardwood floors, and abundant natural light, this property offers strong rental income potential. Updated kitchens and bathrooms, a basement with separate utilities, and a large backyard add to its appeal. Located in a high-demand rental market near public transportation, shopping, and schools, this is an excellent opportunity for investors looking to expand their portfolio.

Property Details

Price:
$1,549,000
MLS #:
73341648
Status:
Active
Beds:
6
Baths:
6
Address:
453-455 Summer St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Mar 5, 2025
State:
MA
Finished Sq Ft:
3,988
Total Sq Ft:
3,988
ZIP:
01905
Lot Size:
7,510 sqft / 0.17 acres (approx)
Year Built:
1903
Units:
5

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
6 Full Bathrooms
Flooring
Varies, Laminate, Hardwood
Heating
Forced Air, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School
Parking Features
Paved Drive, Off Street
Parking Spots
10
Roof
Shingle

Financial

Net Operating Income
$45,600
Tax Year
2025
Taxes
$11,286

Map

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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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453-455 Summer St
Lynn, MA