$14,250,000
OPEN WED 11AM - 1PM

63 Lynnway Lynn, MA 01902

Diamond District Neighborhood

Estimated payment $87,559/month

83 Beds
71 Baths
41,837 Sq Ft
$341 Price per Sq Ft

Highlights

  • Ocean View
  • Waterfront
  • Property is near public transit and schools
  • Property is near a beach
  • 0.77 Acre Lot
  • 5-minute walk to Lynn Beach

About This Home

Rare portfolio opportunity in Lynn’s Diamond District. The offering includes five multifamily properties located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, plus an additional 9,592 SF parcel at 9 Chancery Lane, zoned R5 with potential development upside. The portfolio consists of 71 residential units, including 19 studios, 40 one-bedroom units, and 12 two-bedroom units, providing a diverse unit mix that appeals to a broad tenant base. Large scale capital improvements have been completed, minimizing near-term capital expenditures for new ownership. This is the opportunity to acquire scale in one of Greater Boston’s most supply-constrained rental markets with strong demand, low vacancy, and long-term appreciation potential.

Listing Agent

Dan Pouladian

North Shore Realty Advisors Listed on: 06/18/2026

Co-Listing Agent

Sara Pouladian

North Shore Realty Advisors

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $128,874

Year Built

  • Built in 1910

Lot Details

  • 33,541 Sq Ft Lot
  • Waterfront
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 41,837 Sq Ft Home
  • Property has 1 Level
  • Ocean Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 83 Bedrooms
  • 71 Full Bathrooms

Outdoor Features

  • Property is near a beach
  • Porch

Additional Features

  • Property is near public transit and schools
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:080 B:584 L:007

Community Details

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $12,499
  • Water Sewer Expense $57,330
  • Operating Expense $423,968
  • Net Operating Income $963,132

Additional Features

  • 71 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$128,874

Year Built

Built in 1910

Lot Details

0.77 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1910
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • Special Features: OpenHouse
  • Stories: 3

Interior Features

  • Flooring: Tile, Vinyl, Varies, Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 83
  • Basement YN: Yes
  • Full Bathrooms: 71
  • Total Bathrooms: 71
  • Basement: Full, Unfinished
  • Above Grade Finished Sq Ft: 41837
  • Living Area: 41837
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN7007

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront Features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers, 200+ Amp Service
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 57330

Lot Info

  • Parcel Number: M:080 B:584 L:007
  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.77
  • Lot Size Sq Ft: 33541
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 128874

Multi Family

  • Electric Expense: 12499
  • Net Operating Income: 963132
  • Number Of Units Total: 71
  • Operating Expense: 423968
  • Total Actual Rent: 4500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y
  • Waterview: Ocean

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
06/18/2026 06/18/26 For Sale $14,250,000 -- $341 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73538322

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lynn 01902 Diamond District

63 Lynnway, Lynn, MA

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.

MLS Property Information Network (MLS PIN) 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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Dan Pouladian
Listing Agent
Dan Pouladian
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North Shore Realty Advisors
(339) 300-8100
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