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

9-11 Dungeon Ave

Lynn, MA ID #73536785

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9-11 Dungeon Ave

- Lynn, MA ID #73536785

Property Description

An excellent opportunity for an investor seeking 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. Sold as-is, but currently generating high income and always occupied.

Additional Details

  • Status: Active
  • Type: Multi-Family, Multi Family
  • Zip Code: 01905
  • Taxes: 5,003
  • Levels: 2
  • Acres: 0.28

Parking

  • Garage Capacity: 3
  • Parking: Paved, Off Street
  • Parking Spaces: 3

Rooms/Dimensions

  • Total Units: 2
  • Total Floors: 2
  • Total Rooms: 10

Location

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9-11 Dungeon Ave, Lynn, MA

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Content © 2026 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 Forrest Homes Group of The Aland Realty Group LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.