Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - Rooming House
- Zip Code: 01901
- Levels: 4
- Parking
- Parking: Paved Drive
- Rooms and Dimensions
- Total Floors: 4
- Total Rooms: 46
Loading...
$3,100,000
- Listing ID: 73430774
- Bedrooms: 46
- Full Baths: 4
- Half Baths: 4
- Living Area: 10,585 sqft Convert
- Lot Size: 2,879 sqft Convert
- Acres: 0.07
View description
Luxury Residential Group
(617) 233-5800
Receive more info or arrange a tour
When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |