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For sale
    • Price cut: $19.1K (9/10)
    $579,900

    9-11 Dungeon Ave, Lynn, MA 01905

    4beds
    1,368sqft
    : 
    $3,935/mo
    Get pre-qualified
    Multi Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $424/sqft
    $-- HOA

    What's special

    Four off-street parking spaces
    An excellent opportunity for an investor seeking immediate rental income with value-add potential. Make your own updates with a $ 20,000 credit at closing! $20,000 credit at closing toward rate buydowns, prepaids, and closing costs! Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies. Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant.
    120 days
    1,314
    85

    Zillow last checked:

    Listing updated:

    Listed by:

    Forrest Homes Group 978-239-6418,

    The Aland Realty Group LLC 603-501-0463

    Source: MLS PIN,MLS#: 73536785

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Electric
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Flooring: Tile, Vinyl
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,368
      • Total interior livable area: 1,368 sqft
      • Finished area above ground: 1,368
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Paved Drive, Off Street, Paved
      • Uncovered spaces: 3
      Features
      • Patio & porch: Deck
      Lot
      • Size: 0.28 Acres
      • Features: Wooded
      Details
      • Parcel number: M:040 B:243 L:005,1992498
      • Zoning: R2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Year built: 1970

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: for Electric Range, for Electric Dryer, Washer Hookup

      Community & HOA

      Community
      • Features: Public Transportation, Shopping, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
      Location
      • Region: Lynn

      Financial & listing details

      • Price per square foot: $424/sqft
      • Tax assessed value: $485,780
      • Annual tax amount: $5,003
      • Date on market: 6/16/2026
      • Exclusions: Unit 2 Microwave
      • Total actual rent: 4700

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/10/2026Price change$579,900-3.2%$424/sqft
        Source: MLS PIN #73536785 Report a problem
        8/20/2026Price change$599,000-4.2%$438/sqft
        Source: MLS PIN #73536785 Report a problem
        7/28/2026Price change$625,000-3.8%$457/sqft
        Source: MLS PIN #73536785 Report a problem
        7/7/2026Price change$649,900-5.1%$475/sqft
        Source: MLS PIN #73536785 Report a problem
        6/16/2026Listed for sale$685,000$501/sqft
        Source: MLS PIN #73536785 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 01905

        Getting around

        57 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        18 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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