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Sold for $3,000,000
  • $3,000,000

    374-378 Washington St, Lynn, MA 01901

    46beds
    10,585sqft
    5+ Family - Rooming House
    Built in 1912
    -- sqft lot
    $-- Zestimate®
    $283/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Dan Pouladian 617-548-7737,

    North Shore Realty Advisors 617-548-7737,

    Dan Pouladian 617-548-7737

    Bought with:

    Steve Klassner

    One Call Realty

    Source: MLS PIN,MLS#: 73430774

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 46
    • Bathrooms: 8
    • Full bathrooms: 4
    • 1/2 bathrooms: 4
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 10,585
    • Total interior livable area: 10,585 sqft
    • Finished area above ground: 10,585

    Property

    Parking
    • Parking features: Paved Drive
    • Has uncovered spaces: Yes
    Lot
    • Size: 2,879 sqft
    Details
    • Parcel number: M:068 B:634 L:008,2003524
    • Zoning: CBD

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Family - Rooming House
    Materials
    • Foundation: Stone
    • Roof: Rubber
    Condition
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Lynn

    HOA & financial

    Other financial information
    • Total actual rent: 2111

    Price history

    DateEventPrice
    1/9/2026Sold$3,000,000-3.2%$283/sqft
    Source: MLS PIN #73430774 Report a problem
    9/15/2025Listed for sale$3,100,000$293/sqft
    Source: MLS PIN #73430774 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 01901

    Nearby schools

    GreatSchools rating