63 Lynnway Portfolio
$14,250,000
83
Beds
71
Baths
41,837
Sqft
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$14,250,000
83
Beds
71
Baths
41,837
Living Area
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Property Description
Rare portfolio opportunity in Lynn’s Diamond District. The offering includes five multifamily properties located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, plus an additional 9,592 SF parcel at 9 Chancery Lane, zoned R5 with potential development upside. The portfolio consists of 71 residential units, including 19 studios, 40 one-bedroom units, and 12 two-bedroom units, providing a diverse unit mix that appeals to a broad tenant base. Large scale capital improvements have been completed, minimizing near-term capital expenditures for new ownership. This is the opportunity to acquire scale in one of Greater Boston’s most supply-constrained rental markets with strong demand, low vacancy, and long-term appreciation potential.
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Highlights
- Levels: 3
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 7
- Status: Active
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
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Additional Details
- Basement: Full, Unfinished
- Flooring: Tile, Vinyl, Varies, Hardwood
- Lot Features: Corner Lot
- Roof: Rubber
- Total Number of Units: 71
- Year Built Source: Public Records
- Construction: Frame
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R5
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University
- Waterfront Features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
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Utilities
- Electric: Circuit Breakers, 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $12,207,500
- Taxes: $128,874
- Tax Year: 2026
- Total Rent: $4,500
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Listing information provided courtesy of North Shore Realty Advisors.
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