Sold
$3,000,000on January 9, 2026
Listed at $3,100,000 · -3.2% vs list
$3,100,000
Sold374-378 Washington St
Lynn, MA, 01901
Multi-Family · MLS #73430774
Sold $/sqft
$283
Sold in
Same day
Year built
1912
Lot size
0.07 ac
10,585 sq ft
Sq Ft
0.07 acres
Lot
1912
Year Built
Taxes: $24,415 (2025)
About this home
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 buyers property in trade for a 1031 exchange.
Listed by Dan Pouladian · North Shore Realty Advisors
This home has sold
Sold for $3,000,000on January 9, 2026
-3.2% vs list
Showings aren't available for this property, but Antonio Illas can find you homes like this one in Lynn that are still on the market.
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