$1,850,000

Estimated payment $11,427/month

Total Views 13,380
12 Beds
6 Baths
5,860 Sq Ft
$316 Price per Sq Ft

Highlights

  • Marina
  • Open Floorplan
  • Wood Flooring
  • Scenic Views
  • Property is near public transit
  • Upgraded Countertops

About This Home

Investment opportunity. Rare 6 unit building on the market! 12 bedrooms, 6 baths along w/assigned parking for 5 of the units. Solid building that features open floor plans, ceilings fans, double pane windows, exterior storm doors, electric heat all separately metered, 3 phase electric, storage & laundry in basement. Units 1, 3, & 5 have been recently renovated. This property is located close to Public Transportation. Walk to Purple Line T station, Commuter Boat to Boston, Shopping & a short stroll to Nahant Beach. All units are currently occupied.

Listing Agent

Judi Moccia

REAL ESTATE and Company Listed on: 03/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,579

Year Built

  • Built in 1910

Lot Details

  • 5,236 Sq Ft Lot
  • Stone Wall
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Rubber Roof
  • Stone

Interior Spaces

  • 5,860 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Storage
  • Scenic Vista Views

Kitchen

  • Range
  • Upgraded Countertops

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 5 Car Parking Spaces
  • On-Street Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Walking Distance to Water
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Separate Meters
  • 200+ Amp Service

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:081 B:588 L:037,2002646

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park
  • Jogging Path

Building Details

  • Electric Expense $398
  • Insurance Expense $10,488
  • Water Sewer Expense $4,606
  • Operating Expense $35,208
  • Net Operating Income $127,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,579

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1910
  • Levels: 5
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Tile, Vinyl, Laminate, Wood
  • Interior Amenities: Storage, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Ceiling Fan(s), Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Interior Entry
  • Above Grade Finished Sq Ft: 5860
  • Living Area: 5860
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN1991
  • LIST PRICE PER Sq Ft: 315.7
  • PRICE PER Sq Ft: 315.7

Exterior Features

  • Exterior Features: Rain Gutters, Stone Wall
  • Construction Materials: Frame, Stone
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Beach Access, Ocean, Walk to, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, On Street, Deeded
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: None
  • Heating: Electric
  • Cooling Y N: No
  • Electric: 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, House of Worship, Marina, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4606

Lot Info

  • Parcel Number: M:081 B:588 L:037,2002646
  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5236
  • Lot Size Units: Acres
  • PAGE: 7

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 15579
  • Tax Book Number: 33136

Multi Family

  • Electric Expense: 398
  • Gross Income: 127800
  • Insurance Expense: 10488
  • Net Operating Income: 127800
  • Number Of Units Total: 6
  • Operating Expense: 35208
  • Total Actual Rent: 6950
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 For Sale $1,850,000 0.0% $316 / Sq Ft
06/07/2025 06/07/25 Off Market $1,850,000 -- --
03/10/2025 03/10/25 For Sale $1,850,000 -- $316 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Similar Home in Lynn, MA

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73343624

MLS Property Information Network (MLS PIN)