32-34-40 Ocean Avenue, Lynn MA 01902 – 21 bed 18 bath For Sale – 73151418
Overview
- Updated On:
- April 7, 2025
-
- 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 | Pending |
|---|---|
| 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 |
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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.
32-34-40 Ocean Avenue, Lynn MA 01902 – 21 bed 18 bath For Sale – 73151418
$ 2,475,000
Status: Pending
32-34-40 Ocean Avenue, Lynn MA 01902, Lynn, Diamond District, Essex 01902
Country: US
Property Overview
MLS #: 73151418
Type: 5-9 Family /
Action: Residential Income
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:
