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374-378 Washington StLynn, MA 01901

For Sale

$3,100,000

Smart Buyer Rebate $15,500

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.

Listed by Dan Pouladian

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North Shore Realty Advisors

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617-548-7737

Last updated September 26, 2025

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Source: MLSPin #73430774

Listing Facts

  • TypeMulti-family
  • NeighborhoodDowntown Lynn
  • Bedrooms46
  • Bathrooms8
  • Days on Prevu37
  • Taxes$24,415/year
  • Size10,585 sqft
  • Price per sqft$293

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

09/15/2025
Listed by North Shore Realty Advisors
$3,100,000

Property Details for 374-378 Washington St

Exterior

Construction

  • Roof: Rubber
  • Stories: 4
  • Stories Total: 4
  • Year Built: 1912
  • Year Built Details: Actual

Measurements

  • Building Area Total: 10,585
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,879
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $558,192.00
  • Operating Expense: $209,960.00

Taxes

  • Parcel Number: M:068 B:634 L:008,2003524
  • Tax Annual Amount: $24,415.00
  • Tax Assessed Value: $2,356,700.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 10,585
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 4
  • Bathrooms Half: 4
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 46
  • Rooms Total: 46

Parking

Parking

  • Open Parking: Yes
  • Parking Features: Paved Drive

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

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, landlords 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, leasing or renting 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, leasing or renting. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.