Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

374-378 Washington St

Lynn, MA ID #73430774

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374-378 Washington St

- Lynn, MA ID #73430774

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - Rooming House
  • Zip Code: 01901
  • Taxes: 24,415
  • Levels: 4
  • Acres: 0.07

Parking

  • Parking: Paved Drive

Rooms/Dimensions

  • Total Floors: 4
  • Total Rooms: 46

Location

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374-378 Washington St, Lynn, MA

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Content © 2025 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Dan Pouladian of North Shore Realty Advisors. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.