9-11 Dungeon Ave, Lynn MA 01905
Lynn, MA 01905
$685,000
$579,900
Est. $3,549/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Excellent opportunity for an investor looking for immediate rental income with value-add potential. Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies.Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant.
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Recently Sold Nearby
Property History
Market Insights
4
Price Changes
15.3%
Price Range
Property Timeline
Agent Changed
Sep 17, 2026
Ethan Forrest →
Showing Instructions Updated
Sep 15, 2026
New showing requirements
Price Reduced
Sep 10, 2026
$579,900
$19,100
(-3.19%)
From $599,000 to $579,900 (-3.2%)
Price Reduced
Aug 20, 2026
$599,000
$26,000
(-4.16%)
From $625,000 to $599,000 (-4.2%)
Price Reduced
Jul 28, 2026
$625,000
$24,900
(-3.83%)
From $649,900 to $625,000 (-3.8%)
Price Reduced
Jul 7, 2026
$649,900
$35,100
(-5.12%)
From $685,000 to $649,900 (-5.1%)
Listed for Sale
Jun 16, 2026
$685,000
Original listing
Agent: Ethan Forrest
Office: The Aland Realty Group LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/17/2026 | 👤 Agent Changed | - | - | - | Ethan Forrest → |
| 09/15/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 09/10/2026 | ↓ Price Reduced | $579,900 | $19,100 | - | From $599,000 to $579,900 (-3.2%) |
| 08/20/2026 | ↓ Price Reduced | $599,000 | $26,000 | - | From $625,000 to $599,000 (-4.2%) |
| 07/28/2026 | ↓ Price Reduced | $625,000 | $24,900 | - | From $649,900 to $625,000 (-3.8%) |
| 07/07/2026 | ↓ Price Reduced | $649,900 | $35,100 | - | From $685,000 to $649,900 (-5.1%) |
| 06/16/2026 | 🏠 Listed for Sale | $685,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,003 | $485,780 |
Financial Details
Annual Property Tax
$5,003
Tax Year 2026
Assessed Value
$485,780
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1970
Living Area
1,368 sq ft
Lot Size
0.28 acres
Stories
2
Bedrooms
4
Full Baths
2
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
$2,300/mo · Y
Unit 2 Rent
$2,400/mo · Y
Total Monthly Rent
$4,700/mo
Gross Income
$56,400
Net Operating Income
$51,041
Operating Expenses
$5,359
Water/Sewer Expense
$2,200
Insurance Expense
$2,159
Cap Rate
8.80%
Interior
Heating
Electric
Cooling
Window Unit(s)
Flooring
Tile, Vinyl
Appliances
Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
Fireplace
None
Basement
None
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
3
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$5,003
Assessed Value
$485,780
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Unit 1 Is Currently Rented For $2, 300/mo. Unit 2 Is Occupied And Rents For $1, 200/mo. The Former Roommate Paid $1, 200, For A Total Of $2, 400/mo. The Property Is Sold As-is. Some Photos Are Virtually Staged.
Exclusions
Unit 2 Microwave
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Other
Sq Ft Disclosures
Square footage is approximate and discrepancies will not be negotiated.
Documents
None
County
Essex
Total market time (incl. prior listings)
99 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1970
Bedrooms
4
Full Bathrooms
2
Living Area
1,368 sq ft
Total Rooms
10
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,368 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Vinyl
Appliances:
Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
Interior Features:
Windows:
Basement:
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1970
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Slab
Stories:
2
Heating, Cooling & Utilities
Heating:
Electric
Heating Zones:
2
Cooling:
Window Unit(s)
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Wooded
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
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
Elementary Schools
10 schools
Sacred Heart Elementary School
0.5 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.4 mi
|
#292 of 346
|
Score: 41.8
Improved 42 spots from last year
-16.4 below state avg
1,566 students
Moderate
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades PK-12
B-
KIPP Academy Lynn Charter School
1.5 mi
|
#203 of 346
|
Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
TEAMS Academy at Virginia Barton Center
1.5 mi
27 students
Diverse
Grades PK-12
St. Pius V Elementary School
1.6 mi
Grades PK-08
North Shore Christian School
1.7 mi
Grades PK-08
The Hathaway School
2.6 mi
Grades PK-08
C-
Lincoln-Thomson School
0.2 mi
|
#730 of 825
|
Score: 33.6
Dropped 15 spots from last year
-24.6 below state avg
189 students
Diverse
Grades K-05
William R Fallon School
0.4 mi
26 students
Diverse
Grades PK-05
C
Julia F Callahan School
0.4 mi
|
#589 of 825
|
Score: 41.4
Improved 115 spots from last year
-16.8 below state avg
384 students
Diverse
Rising School
Grades PK-05
Middle Schools
2 schools
C+
Pickering Middle School
1.4 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
C-
Thurgood Marshall Middle School
2.4 mi
|
#311 of 352
|
Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students
Moderate
Rising School
Grades 06-08
High Schools
6 schools
City Arts & Sciences Academy at Fecteau-Leary
1.3 mi
259 students
Moderate
Grades 06-12
St. Mary's High School
1.5 mi
Grades 07-12
B+
Fredrick Douglass Collegiate Academy
1.9 mi
|
#11 of 25
|
Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students
Moderate
Early College Program
Rising School
Grades 06-12
C-
Classical High School
0.6 mi
|
#304 of 346
|
Score: 37.5
Improved 49 spots from last year
-20.8 below state avg
1,513 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
B-
Harold Durgin Success Academy
1.3 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
98 students
Moderate
Rising School
Career Tech Programs
Strong Attendance
Grades 09-12
D
Lynn English High School
1.8 mi
|
#315 of 346
|
Score: 35.5
Improved 40 spots from last year
-22.7 below state avg
1,727 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
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Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$417
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
$0
Rate Impact
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Current Rate
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+0.5% Rate
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Payment Over Time
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
9-11 Dungeon Ave, Lynn MA 01905
Lynn, MA 01905
Listing Information
Listing Agent
Forrest Homes Group
Listing Office
The Aland Realty Group LLC
Office Phone
603-501-0463
Agent MLS ID
TM364476
Office MLS ID
AN6355
Listing Data Updated
Sep 23, 2026 12:36 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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