374-378 Washington St, Lynn, MA 01901

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
374-378 Washington St,Lynn, MA 01901
$3,100,000
  • 46 Beds
  • 8 Baths
  • 10,585 sq. ft.
  • Multi-family
  • Active
Listed by: dan pouladian, dan pouladian
Office: north shore realty advisors
MLS#:73430774
Source:MLSPIN

Price summary

  • Price:$3,100,000
  • Price per sq. ft.:$292.87

About this home

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.

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Home facts

  • Year built:1912
  • Listing ID #:73430774
  • Updated:November 15, 2025 at 12:19 AM

Rooms and interior

  • Bedrooms:46
  • Total bathrooms:8
  • Full bathrooms:4
  • Half bathrooms:4
  • Living area:10,585 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1912
  • Building area:10,585 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,100,000
  • Price per sq. ft.:$292.87
  • Tax amount:$24,415 (2025)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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