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$4,800,000
24
Beds
24
Baths
12,765
Living Area
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Property Description
Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square.
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Highlights
- Property Class: Residential Income
- Total Rooms: 69
- Status: Closed
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1911
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Additional Details
- Foundation: Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 24
- Year Built Source: Public Records
- Lot Features: Corner Lot
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: Bd
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $4,437,800
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)
- Taxes: $46,730
- Buyer Agent Compensation: 2%
- Tax Year: 2024
- Total Rent: $32,767
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Horvath & Tremblay.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
