Seller's Agent in 2024
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
22 Total Sales
119 Lewis St Lynn, MA 01902
East Lynn Neighborhood
24
Beds
24
Baths
12,765
Sq Ft
0.29
Acres
Highlights
- Marina
- 0.29 Acre Lot
- Corner Lot
- Medical Services
- Property is near public transit
- 4-minute walk to Goldfish Pond Park
About This Home
As of December 2024Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $46,730
Year Built
- Built in 1911
Lot Details
- 0.29 Acre Lot
- Corner Lot
Home Design
- Brick Foundation
- Rubber Roof
Interior Spaces
- 12,765 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 24 Bedrooms
- 24 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Utilities
- Separate Meters
Listing and Financial Details
- Total Actual Rent $32,767
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water)
- Assessor Parcel Number 2000286
Community Details
Overview
- 24 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Building Details
- Operating Expense $167,363
- Net Operating Income $339,637
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $4,800,000 | -2.0% | $376 / Sq Ft |
| 09/21/2024 09/21/24 | Pending | -- | -- | -- |
| 08/19/2024 08/19/24 | For Sale | $4,900,000 | 0.0% | $384 / Sq Ft |
| 02/12/2018 02/12/18 | Rented | $1,350 | 0.0% | -- |
| 01/31/2018 01/31/18 | Under Contract | -- | -- | -- |
| 01/31/2018 01/31/18 | For Rent | $1,350 | 0.0% | -- |
| 01/29/2018 01/29/18 | Under Contract | -- | -- | -- |
| 01/25/2018 01/25/18 | For Rent | $1,350 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Seller's Agent in 2018
Emma Fula
Coldwell Banker Realty - Boston
(781) 589-2092
8 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73279413
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