Sold!
$999,888
6
Beds
6
Baths
3,231
Living Area
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Property Description
***PARTIAL SELLER FINANCING AVAILABLE!*** 371 Boston St. A 3 story 6-unit multi-family with great cash flow. Situated within close proximity to Market Basket, major transportation hubs, with less than 2 miles from the beach and the vibrant downtown Lynn area, convenience is at your doorstep. Tenants will appreciate easy access to shopping, dining, and commuting options. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to make a smart entry into the real estate market, this multi-family building offers a rare blend of immediate returns and future prospects. Recent updates include the upper roof and hot water tank. Tenants pay for heat and electric. All separate electric meters. Don't miss out on the chance to secure a prime property in a thriving location. Moreover, additional opportunity awaits with the adjacent property at 8-8A Cedar Street.
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Highlights
- Parking Spots: 4
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1885
- Property Class: Residential Income
- Total Rooms: 18
- Status: Closed
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Additional Details
- Basement: Unfinished
- Foundation: Stone
- Roof: Rubber
- Year Built Details: Actual
- Zoning: R4
- Construction: Frame
- Lot Features: Corner Lot
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Public School
- Waterfront Features: Beach Front, 1 to 2 Mile To Beach
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $692,000
- Compensation Based On: Gross/Full Sale Price
- Taxes: $7,716
- Buyer Agent Compensation: 1.5%
- Tax Year: 2023
- Total Rent: $8,755
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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 Fairview Partners International LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
