$1,325,000

Estimated payment $7,918/month

12 Beds
3 Baths
4,740 Sq Ft
$280 Price per Sq Ft

Highlights

  • Property is near a beach
  • Wood Flooring
  • Balcony
  • Property is near public transit and schools
  • Covered Patio or Porch
  • Bathtub with Shower

About This Home

Prime Investment Opportunity, 5.6+ cap rate. Fully Rented, De-leaded 12-Bedroom three family near Lynn Common. Turnkey Investment. This property offers a seamless investment opportunity with all units fully rented and generating income. Start reaping returns from day one. Situated only 12 miles from downtown Boston, your tenants have easy access to transportation, shopping centers, schools, and major routes. With massive unit size, each residence offers spacious accommodation contributing to higher rental yields and tenant satisfaction. While the property is already generating income, there's potential to further enhance its value through specific renovations or amenities upgrades, allowing you to capitalize on market trends and increase rental premiums. Don't miss out on the chance to secure your foothold in one of the most promising real estate markets today! Call today for your private showing.

Listing Agent

Jason Barenholtz

Century 21 Shawmut Properties Listed on: 06/26/2026

Century 21 Shawmut Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,297

Year Built

  • Built in 1880

Lot Details

  • 3,584 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 4,740 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Wood Flooring

Kitchen

  • Range
  • Freezer

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Basement

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

Parking

  • 1 Car Parking Space
  • Driveway
  • Paved Parking
  • 1 Open Parking Space
  • Off-Street Parking

Outdoor Features

  • Property is near a beach
  • Balcony
  • Covered Patio or Porch

Location

  • Property is near public transit and schools

Schools

  • Lps Elementary And Middle School
  • Lps High School

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Internet Available

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 2005887

Community Details

Recreation

  • Park

Additional Features

  • 3 Units
  • Coin Laundry
  • Net Operating Income $108,264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,297

Year Built

Built in 1880

Lot Details

3,584 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1880
  • Levels: 3
  • Year Built Details: Actual
  • Year Round: Yes
  • APOD AVAILABLE: No
  • MLSPIN_BEACHFRONT_FLAG: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Pantry, Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Freezer
  • Total Bedrooms: 12
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Concrete
  • Above Grade Finished Sq Ft: 4740
  • Living Area: 4740
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: BB2272

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Covered
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront Features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 1
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Oil
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Laundromat, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2005887
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Level
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3584
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 9297

Multi Family

  • Net Operating Income: 108264
  • Number Of Units Total: 3
  • Total Actual Rent: 9022
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

MLS Schools

  • High School: Lps
  • Elementary School: Lps
  • Middle Or Junior School: Lps

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,024 $581,500 $226,600 $354,900
2024 $5,529 $525,100 $199,100 $326,000
2023 $5,285 $474,000 $205,600 $268,400
2022 $5,049 $406,200 $152,300 $253,900
2021 $4,821 $370,000 $140,000 $230,000
2020 $4,778 $356,600 $134,800 $221,800
2019 $4,590 $321,000 $126,900 $194,100
2018 $4,756 $313,900 $140,000 $173,900
2017 $4,348 $278,700 $116,400 $162,300
2016 $4,187 $258,800 $108,900 $149,900
2015 $4,038 $241,100 $108,100 $133,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/26/2026 06/26/26 For Sale $1,325,000 -- $280 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed $172,500 None Available
Quit Claim Deed $172,500 None Available
Quit Claim Deed $172,500 None Available
Deed $300,000 --
Deed $300,000 --
Deed $74,000 --
Deed $74,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $210,000 Second Mortgage Made To Cover Down Payment
Closed $210,000 Second Mortgage Made To Cover Down Payment
Previous Owner $272,000 No Value Available
Previous Owner $299,300 No Value Available
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73542427

MLS Property Information Network (MLS PIN)

APN: LYNN-000038-000328-000006

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