MA > Lynn
Lynn, MA 01901,374-378 Washington St
Lynn, MA 01901,374-378 Washington St
Lynn, MA 01901,374-378 Washington St
23
See all 23 photos
$3,100,000
Est. payment /mo
Save
46 Beds
6 Baths
10,585 SqFt
Active

374-378 Washington St Lynn, MA 01901

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Fri
21
Nov
Sat
22
Nov
Sun
23
Nov
Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 10,585 sqft

Price per Sqft $292

MLS Listing ID 73430774

Bedrooms 46

Full Baths 4

Half Baths 4

Year Built 1912

Annual Tax Amount $24,415

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type 5+ Family - Rooming House

Property Description

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.

Location

State MA

County Essex

Zoning CBD

Direction Parallel to Willow and Central, perpendicular to Liberty and Oxford

Exterior

Roof Type Rubber

Garage No

Building

Story 4

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors

SCHEDULE A PRIVATE TOUR OF THIS HOME

Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

Name
Phone
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

MORTGAGE CALCULATOR

Estimate your total mortgage payment, including taxes and insurance. Dont forget to consult your financial advisor.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

WHY CLIENTS CHOOSE THE COURY TEAM 

Hear From A Few of Over 200+ Satisfied Past Clients

ASK AN EXPERT! 

Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

YOUR LOCAL REAL ESTATE EXPERTS

Tricia Coury

View Profile

Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

tricia@triciacoury.com

Eric Coury

View Profile

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

Scott Garcia

View Profile

Scott Garcia

Home Buyer Specialist

+1(508) 821-8160

scott@thecouryteam.com

Nathaly Castillo

View Profile

Nathaly Castillo

Transaction Coordinator

+1(727) 203-5117

office@thecouryteam.com

http://www.thecouryteam.com/

READY TO TOUR YOUR DREAM HOME?

374-378 Washington St

QUICK SEARCH
There are 20 quick searches

NEED MORE INFORMATION ABOUT BUYING A HOME?

Name*
Phone
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.