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32-34-40 Ocean Avenue, Lynn MA 01902 – 21 bed 18 bath For Sale – 73151418

$ 2,475,000
32-34-40 Ocean Avenue, Lynn MA 01902, ,

Overview

  • Updated On:
  • April 7, 2025
  • listingid
  • 73151418
  • 21 Bedrooms
  • 15 Bathrooms
  • 0 Garage Spaces
  • 11 Non-Garage Parking Spaces
  • 1900

Description

The Ocean Avenue Portfolio (32-34 & 40 Ocean Avenue) offers investors oceanfront properties with great views of Lynn Beach, Nahant and Boston. 32-34 Ocean Avenue is a 3-story residential building with rentable square footage of 3,861 and a total gross square footage of 6,145. The property consists of two (1) one-bedroom/1 bathroom, one (1) one-bedroom, and two (2) two-bedrooms/1.5-2 bathrooms. 40 Ocean Avenue is a 3-story residential building with rentable square footage of 8,472 and a total gross square footage of 10,052. The property consists of six (6) three-bedroom units/1.5 bathrooms and one (1) three-bedroom unit/2 bathrooms. Both properties have laundry facilities located in the basements, 10 to 11 off-street parking and ocean views.

This property is listed by Dan Pouladian from North Shore Realty Advisors

Property Listing Details

Overview

MLS Status
Price $ 2,475,000
Living Area 12,333.00 ft2
Bedrooms 21
Total Rooms 49
Listing MLS ID 73151418
Days on Market 20
Bathrooms 15

Unit Information

Bedrooms 21
Full Bathrooms 12
Half Bathrooms 6
Cooling
Heating
Uncovered Parking 11
Garage Parking 0
Water View Yes
Unit Level
Common Walls
Laundry Features
Lead Paint Unknown
Outdoor Space Available
Living Area Includes Basement Full,Partial
Patio And Porch Features
Parking Features Paved Drive
Waterview Features Ocean
Flooring

Building Information

Building Name
Units in Building 11
Pets Allowed
Association Amenities
Pool Features
Waterfront Features Beach Front,Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Association Fee Includes
Construction Materials
Year Built 1900
Security Features
Sewer Public Sewer
Spa Features
Structure Type
Water Source Public
Basement Full,Partial
Roof Slate,Rubber

Additional Details

Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Bike Path,Highway Access,T-Station
Disclosures Seller and Seller’s agent makes no representation or warranty to the accuracy of any information provided,Buyer to conduct their own due diligence related to both properties.
Last Updated 2025-04-06T21:27:00.000Z
Building Area Source Public Records
MLS PIN Page
Parcel Number
Original List Price 2475000
Listing Office north shore realty advisors
Tax Annual Amount 25322
Tax Assessed Value 2271100
Tax Book Number 23004
Tax Year 2023
Year Built Details Approximate
Year Built Source Public Records
Zoning R2
Listing Agent dan pouladian

Property Address

Address: 32-34-40 Ocean Avenue, Lynn MA 01902
City:
State/County:
Zip: 01902
Country: US

Amenities and Features

Other Features
Open Parking

Payment Calculator

$ 14,181.10
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 11,871.10

Map

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Hospitals

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32-34-40 Ocean Avenue, Lynn MA 01902 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

Property Details

32-34-40 Ocean Avenue, Lynn MA 01902 – 21 bed 18 bath For Sale – 73151418

$ 2,475,000

Status:

32-34-40 Ocean Avenue, Lynn MA 01902, , , 01902

Country: US

Property Overview

MLS #: 73151418

Type: /

Action:

Year Built: 1900 (Approximate, Source: Public Records, Effective: )

Living Area: 12,333.00 ft2 (Total: 12333 Square Feet, Source: Public Records)

Lot Size: 0.17 ft2 (Area: 0.17 Acres, SqFt: 7590)

Total Rooms: 49

Condition:

Availability:

Building Name:

Interior Features

Bedrooms: 21 (Main Level: )

Bathrooms: Total: 15 (Full: 12, Half: 6, Decimal: 15, Main Level: )

Basement: Full,Partial

Fireplaces: 0 ()

Flooring:

Laundry:

Window Features:

Door Features:

Accessibility:

Entry: Level , Location:

Other Equipment:

Construction & Design

Style:

Materials:

Foundation: Stone,Brick/Mortar (Area: 9999)

Roof: Slate,Rubber

Stories: 7 (7)

Common Walls:

Body Type:

Utilities & Green Features

Heating:

Cooling:

Water Source: Public

Sewer: Public Sewer ()

Utilities:

Electric: (Expense: 7546)

Gas:

Energy Certificate:

Green Energy Efficient:

Green Energy Generation:

Green Indoor Air Quality:

Green Water Conservation:

Insulation:

Exterior & Lot Features

Garage Spaces: 0

Covered Spaces: 0

Parking Total: 11

Parking Features: Paved Drive

Pool:

Spa:

Patio/Porch:

Fencing:

Lot Features:

View: (Ocean, Waterview Y/N: Yes)

Waterfront: Beach Front,Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Road Frontage: Public ()

Road Surface:

Road Responsibility:

Other Structures:

Horse Amenities:

Wooded Area:

Pasture Area:

Cultivated Area:

Additional Parcels: (Number: )

Outdoor Space:

Community & Association

Community Features: Public Transportation,Shopping,Park,Walk/Jog Trails,Bike Path,Highway Access,T-Station

Association Fee: ()

Fee Includes:

Association Amenities:

Pets Allowed:

Schools: E: , M: , H:

Zoning: R2 ()

MLS Area: Major: , Minor:

Management:

Optional Fee: (Includes: )

Property Description

The Ocean Avenue Portfolio (32-34 & 40 Ocean Avenue) offers investors oceanfront properties with great views of Lynn Beach, Nahant and Boston. 32-34 Ocean Avenue is a 3-story residential building with rentable square footage of 3,861 and a total gross square footage of 6,145. The property consists of two (1) one-bedroom/1 bathroom, one (1) one-bedroom, and two (2) two-bedrooms/1.5-2 bathrooms. 40 Ocean Avenue is a 3-story residential building with rentable square footage of 8,472 and a total gross square footage of 10,052. The property consists of six (6) three-bedroom units/1.5 bathrooms and one (1) three-bedroom unit/2 bathrooms. Both properties have laundry facilities located in the basements, 10 to 11 off-street parking and ocean views.

Room Details

Living Room (): x ( sqft) - Features:

Dining Room (): x ( sqft) - Features:

Kitchen (): x ( sqft) - Features:

Master Bedroom (): x ( sqft) - Features:

Master Bathroom: Features:

Laundry Dimensions:

Multi-Unit Information (if applicable)

Total Units: 11

Units Owner Occupied:

Unit 1: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1300, Lease: N

Unit 2: Beds: 2, Full Baths: 1, Half Baths: 1, Levels: 1, Rent: 1400, Lease: N

Unit 3: Beds: 2, Full Baths: 2, Half Baths: 0, Levels: 1, Rent: 1500, Lease: N

Unit 4: Beds: 2, Full Baths: 1, Half Baths: 1, Levels: 1, Rent: 2000, Lease: N

Complex Complete:

Unit Building:

Financial & Lease Information

Tax Annual Amount: 25322 (Year: 2023)

Tax Assessed Value: 2271100

Tax Block/Lot/Book/Map: / / 23004 /

Parcel Number:

Special Licenses:

Current Financing:

Gross Income: 205495 (Scheduled: 24706)

Net Operating Income: 107259

Operating Expense: 98236 (Water/Sewer: 8588, Insurance: 12998)

Financial Data Source: Owner

APOD Available: Yes

Tenant Pays:

Rent Includes:

Total Actual Rent: 17775

Lease Term: (Existing Type: )

Deposit Required: (Security: , First Month: , Last Month: )

Insurance Required:

References Required:

Listing & Agent Information

Listing Agent: Dan Pouladian (MLS ID: NB115212) / Team: CN251378

Listing Office: North Shore Realty Advisors (MLS ID: AN7007)

Agent (Property): Dan Pouladian

Buyer Agent MLS ID:

Buyer Office MLS ID:

Listing Agreement: Exclusive Right To Sell

Listing Contract Date: 2023-08-18

Expiration Date: 1900-01-01

Original List Price: 2475000

Price Per SqFt (List): 200.68

Market Time (Property): 20 (Broker: 20, Prev Broker: 0, Prev Property: 0)

MLS Status: Under Agreement

Possession:

Directions: Ocean Street right on Atlantic Terrace right on Ocean Avenue

Disclosures: Seller and Seller’s agent makes no representation or warranty to the accuracy of any information provided,Buyer to conduct their own due diligence related to both properties., N

Lead Paint: Unknown

Title 5:

Exclusions:

Contingency:

Special Listing Conditions:

Lender Owned:

Short Sale Lender Approval Required:

Home Warranty Y/N:

Documents Available: (Count: )

Showings Deferral Date:

Open House Flag: 1

Listing Alert: No

Square Feet Disclosures: (Incl. Base: No, Other: )

Master Book/Page: / (Page: 516)

Sale Information (if applicable)

Close Date:

Close Price:

Price Per SqFt (Sold):

Anticipated Sold Date: 2025-05-30T04:00:00.000Z

Concessions Amount:

Purchase Contract Date: 2023-09-07

Sold vs Rent:

System Information

Property ID: 1651218

Modification Timestamp: 2025-04-06T21:27:00.000Z

Bridge Modification Timestamp: 2025-04-06T21:28:01.087Z

Original Entry Timestamp: 2023-08-23T13:05:00.000Z

Status Change Timestamp: 2023-09-07T17:11:00.000Z

Off Market Date: 2023-09-07

Development Status:

Business Type:

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