Seller's Agent in 2026
Dan Pouladian
North Shore Realty Advisors
(617) 548-7737
1 in this area
28 Total Sales
374-378 Washington St Lynn, MA 01901
Downtown Lynn Neighborhood
46
Beds
8
Baths
10,585
Sq Ft
2,879
Sq Ft Lot Lot
Highlights
- Beach Front
- 5-minute walk to Lynn
- 4-minute walk to Lynn Heritage State Park
About This Home
As of January 2026376 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,415
Year Built
- Built in 1912
Lot Details
- 2,879 Sq Ft Lot
- Beach Front
Home Design
- Stone Foundation
- Rubber Roof
Interior Spaces
- 10,585 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 46 Bedrooms
Parking
- Driveway
- Open Parking
Community Details
- Electric Expense $23,025
- Insurance Expense $28,334
- Water Sewer Expense $14,178
- Operating Expense $209,960
- Net Operating Income $311,263
Listing and Financial Details
- Total Actual Rent $2,111
- Assessor Parcel Number M:068 B:634 L:008,2003524
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2026 01/09/26 | Sold | $3,000,000 | -3.2% | $283 / Sq Ft |
| 12/04/2025 12/04/25 | Pending | -- | -- | -- |
| 09/15/2025 09/15/25 | For Sale | $3,100,000 | -- | $293 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Dan Pouladian
-
Steve Klassner
S
Buyer's Agent in 2026
Steve Klassner
One Call Realty
1 in this area
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73430774
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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