Multi-Family for Sale: 44 Essex Street, Lynn, MA 01902

9 beds
4 full baths
4,131 sqft
$1,700,000
$1,700,000
44 Essex Street, Lynn, MA 01902
9 beds
4 full baths
4,131 sqft
$1,700,000
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Price:
$1,700,000

Type Multi-Family
Beds 9
Total Baths 4 full baths
Square Feet 4,131 sqft
Lot Size 0.11 acres
Year Built 1890

City Lynn
County Essex

MLS 73222386
Status Active
DOM 84 days
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.

Lot & Building Features

Sewer Public Sewer
Tax Year 2023
Taxes Paid $9,078
Water Public
Foundation Concrete Perimeter
Full Baths 4
Total Rooms 18
Garage Spaces 0

Price History of 44 Essex Street, Lynn, MA

Date Name Price Difference
04/10/2024 Listing Price $1,700,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$1,435,000
$342 / sqft
Average
$1,435,000
$342 / sqft
High
$1,435,000
$342 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Lynn 01902 9 4.0 $1,700,000 4,131 $412 N/A
12-14 Maple Ave Swampscott 01907 8 4.5 $1,435,000 4,200 $342 04/02/2024

Map of 44 Essex Street, Lynn, MA

Location Map Street View
Photo of Jenn Poliseno
Jenn Poliseno
Realtor
Direct: 978-430-2917
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Investment Property Advisors, Raymond Clements
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20%
1%
6.75%
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

44 Essex Street (MLS #73222386) is a multi-family listing located in Lynn, MA. This multi-family listing is 4,131 sqft and on a lot of 5,000 sqft (or 0.11 acres) with 9 bedrooms, 4 baths and is 134 years old. This property was listed on 04/10/2024 and has been priced for sale at $1,700,000.

The 8 bedroom multi-family listing at 12-14 Maple Ave in Swampscott is nearby and sold for $1,435,000 on 04/02/2024.

Nearby zip codes are 01901, 01904, 01907, 01960 and 01970. This property neighbors other cities such as Marblehead, Nahant, Peabody, Salem and Swampscott.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Investment Property Advisors

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.