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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 0 |
| Living area | 10,585 sqft |
| Lot size | 2,879 sqft |
| Year built | 1912 |
| Price / sqft | $283 |
| County | Essex |
| MLS # | 73430774 |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
What kind of property is 374-378 Washington St, Lynn MA 01901?
It is a 5+ family - rooming house with 46 bedrooms, 8 bath, 10,585 sqft, built in 1912.
What is the price per square foot?
At $3,100,000 for 10,585 sqft, that's about $283 per square foot.
Where is this property located?
374-378 Washington St, Lynn MA 01901 is in Lynn, Essex County, MA 01901.
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