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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 1,368 sqft |
| Lot size | 12,018 sqft |
| Year built | 1970 |
| Price / sqft | $424 |
| County | Essex |
| MLS # | 73536785 |
Listing status
| Days on market | 93 days |
| Listed on | June 16, 2026 |
Taxes & financials
| Annual property tax | $5,003 |
| Tax year | 2026 |
| Assessed value | $485,780 |
| Zoning | R2 |
| Gross income (actual) | $56,400/yr |
| Net operating income (actual) | $51,041/yr |
| Total actual rent | $4,700/mo |
| Insurance expense | $2,159/yr |
Building & lot
| Stories | 2 |
| Total rooms | 10 |
| Lot size | 0.28 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street, Paved |
| Foundation | Slab |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Vinyl |
Utilities & systems
| Heating | Electric |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range, for Electric Dryer, Washer Hookup |
| Appliances | Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher |
Location
More about investing in Lynn →
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.
How many units does 9-11 Dungeon Ave, Lynn MA 01905 have?
It is a 2-unit multi-family property with 1,368 sqft of living area, built in 1970.
How long has 9-11 Dungeon Ave, Lynn MA 01905 been on the market?
9-11 Dungeon Ave, Lynn MA 01905 has been listed for 93 days (since June 16, 2026).
What is the price per unit?
At a list price of $579,900 across 2 units, that works out to roughly $289,950 per unit.
What are the property taxes on 9-11 Dungeon Ave, Lynn MA 01905?
Annual property taxes are $5,003 (2026), on an assessed value of $485,780.
What is the price per square foot?
At $579,900 for 1,368 sqft, that's about $424 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street, paved).
Where is this property located?
9-11 Dungeon Ave, Lynn MA 01905 is in Lynn, Essex County, MA 01905.
