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63 Lynnway Portfolio, Lynn MA 01902

Lynn, MA 01902
$14,250,000
Est. $82,995/month
83
Beds
71
Baths
41,837
Sq Ft
$341
Price/Sq Ft
0.77
Acres
1910
Year Built
20
Days on Market
Active Listed Jun 18, 2026 • MLS# 73538322 Copied! • Updated Jul 1, 2026

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.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 18, 2026
$14,250,000
Original listing
Agent: Dan Pouladian Office: North Shore Realty Advisors

Tax History

Year Taxes Assessment
2026 $128,874 $12,207,500

Financial Details

Annual Property Tax
$128,874
Tax Year 2026
Assessed Value
$12,207,500

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1910
Living Area 41,837 sq ft
Lot Size 0.77 acres
Bedrooms 83
Full Baths 71
Total Rooms 7

Investment Metrics

Units 71
Unit 1 Rent $2,300/mo · Y
Unit 2 Rent $2,200/mo · Y
Total Monthly Rent $4,500/mo
Gross Income $1,443,684
Net Operating Income $963,132
Operating Expenses $423,968
Water/Sewer Expense $57,330
Electric Expense $12,499
Cap Rate 6.76%
Heating None
Cooling None
Flooring Tile, Vinyl, Varies, Hardwood
Appliances None
Fireplace None
Basement Full, Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features None
Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $128,874
Assessed Value $12,207,500
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures This Offering Includes Five Multifamily Assets Plus An Additional Parcel Of Land, Located At 63-69 Lynnway, 100, 104 & 106 Newhall Street, And 9 Chancery Lane
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures 5 Buildings: 63 & 69 Lynnway, 100,104,106 Newhall
Documents None
County Essex
Total market time (incl. prior listings) 13 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1910
Bedrooms
83
Full Bathrooms
71
Living Area
41,837 sq ft
Total Rooms
7
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Vinyl, Varies, Hardwood
Appliances:
Interior Features:
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Parking Features:
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

10 schools
C-
Lynn Vocational Technical Institute
0.8 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-12
B-
KIPP Academy Lynn Charter School
0.8 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
The Hathaway School
1.4 mi
Grades PK-08
St. Pius V Elementary School
1.6 mi
Grades PK-08
Sacred Heart Elementary School
1.9 mi
Grades PK-08
North Shore Christian School
2.2 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.9 mi
Grades PK-12
C-
E. J. Harrington Elementary School
0.4 mi | #717 of 824 | Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.7 mi | #688 of 824 | Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students Moderate
Rising School
Grades K-05
C
Washington Elementary School
0.8 mi | #646 of 824 | Score: 38.4
Improved 125 spots from last year
-19.8 below state avg
453 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
1.0 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
2.2 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

6 schools
B
Fredrick Douglass Collegiate Academy
0.3 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
0.7 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.9 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.9 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
D
Lynn English High School
1.3 mi | #318 of 346 | Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
C-
Classical High School
2.5 mi | #302 of 346 | Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $10,740
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

63 Lynnway Portfolio, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Dan Pouladian
Listing Office North Shore Realty Advisors
Office Phone 617-548-7737
Agent MLS ID NB115212
Office MLS ID AN7007
Listing Data Updated Jul 1, 2026 1:59 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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