Legal Rooming House, run as a sober establishment. 11 Units plus two common bathrooms, two common kitchen areas, one office, and one common TV/Rec room. All rooms are double occupancy, dormitory style. Sprinkler system throughout. Huge cash flow. Owner financing available, with attractive terms. Contact listing broker for I&E and financing terms.
Sold for $1,000,000
$1,000,000
188 Washington St, Lynn, MA 01902
21beds
4,500sqft
5+ Family - Rooming House
Built in 1900
-- sqft lot
$1,185,600 Zestimate®
$222/sqft
$2,222 Estimated rent
Home value
$1,185,600
$1.07M - $1.33M
$2,222/mo
Zestimate® history
Owner options
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$2,222/mo
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$2,222/mo
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$6,185/mo
Est. payment
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$6,185/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Raymond R. Clements 781-316-5952,
Investment Property Advisors 781-316-5952,
Raymond R. Clements 781-316-5952
Bought with:
Jacob VanMeter
RE/MAX 360
Source: MLS PIN,MLS#: 73175323
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 2
- Full bathrooms: 2
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive
- Uncovered spaces: 3
Lot
- Size: 5,085 sqft
Details
- Parcel number: 2004046
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - Rooming House
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lynn
HOA & financial
Other financial information
- Total actual rent: 13900
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2024 | Sold | $1,000,000-23.1%$222/sqft |
Source: MLS PIN #73175323 Report a problem | ||
| 10/30/2023 | Listed for sale | $1,300,000$289/sqft |
Source: MLS PIN #73175323 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,157 | $1,101,000 +3.9% |
| 2024 | $11,157 +10.1% | $1,059,500 +16.5% |
| 2023 | $10,138 | $909,200 |
| 2022 | $10,138 +17.1% | $909,200 +36.8% |
| 2021 | $8,657 +3.5% | $664,400 +6.4% |
| 2020 | $8,367 +17.9% | $624,400 +25.8% |
| 2019 | $7,096 +7.3% | $496,200 +13.7% |
| 2018 | $6,614 +2.6% | $436,600 +5.6% |
| 2017 | $6,449 +7% | $413,400 +11% |
| 2016 | $6,025 +20% | $372,400 +24.2% |
| 2015 | $5,022 -2.5% | $299,800 -0.3% |
| 2014 | $5,153 +4% | $300,800 +2.7% |
| 2013 | $4,957 +8.6% | $292,800 +4.5% |
| 2012 | $4,563 +4.5% | $280,300 +4.1% |
| 2011 | $4,366 -6.4% | $269,200 -10.4% |
| 2010 | $4,667 +10.9% | $300,500 -9% |
| 2009 | $4,208 +17.9% | $330,300 +1.6% |
| 2008 | $3,569 -6.1% | $325,000 -11.1% |
| 2007 | $3,800 +2.1% | $365,400 -2.4% |
| 2006 | $3,722 +8.1% | $374,400 +10.7% |
| 2005 | $3,443 -2.5% | $338,200 +9.5% |
| 2004 | $3,530 +10.1% | $308,800 +27.3% |
| 2003 | $3,205 +29% | $242,600 +60.8% |
| 2001 | $2,484 +35.6% | $150,900 +46.1% |
| 1999 | $1,832 -30.5% | $103,300 -34.3% |
| 1995 | $2,636 | $157,300 |
Find assessor info on the county website
Neighborhood: 01902
Nearby schools
GreatSchools rating
- 3/10Cobbet Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 1/10Fecteau-Leary Junior/Senior High SchoolGrades: 6-12Distance: 0.2 mi
- 1/10Lynn English High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$1,185,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,185,600
- Massachusetts
- Essex County
- Lynn
- 01902
- 188 Washington St
Nearby cities
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