376 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.
374-378 Washington St, Lynn MA 01901
Lynn, MA 01901
School information not available
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/15/2025 | 🏠 Listed for Sale | $3,100,000 | - | - | Original listing |
| 09/15/2025 | 🏠 Listed for Sale | $3,100,000 | - | - | Original listing |
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