145 Lewis St, Lynn, MA 01902
Essex County
Key Facts
Description
We are pleased to present a rare opportunity to acquire 145 Lewis Street, a 25-unit multifamily asset located in the highly desirable Diamond District of Lynn, MA. Held by the same ownership for more than 25 years and fully rebuilt in 2015. The property offers investors a 6.8% CAP rate on current income on this 10-year-young asset with strong in-place rents and ability to improve for future growth and no capital improvements needed to achieve returns. The building consists of twenty-five (25) thoughtfully designed floor plans, including eighteen (18) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom/two-bathroom unit. This desirable unit-mix along with amenities such as laundry facilities and on-site storage create long term revenue stream and tenant retention.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2015
Stories
3
Living Area
17,407 sq ft
Lot Size
0.19 acres
Zoning
B
Days on Market
62
MLS® Listing#
73500404
Property Features
Exterior
Appliances
Flooring
Basement
Lot Features
Construction
Foundation
Roof
Windows
Community
Sewer
Water Source
Financial Details
Annual Taxes
$64,629
Tax year 2026
Assessed Value
$6,161,700
Parcel Number
M:094 B:521 L:034,2000221
Directions
Runs parallel to Lynn Shore Drive
Affordability Calculator
$1,220,000
Estimated monthly payment
$32,467/mo
Principal $4,880,000 · Est. interest $6,808,034 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lynn, MA
- $627,500
- Median Listing Price
- 34
- Median Days on Market
- 1,527
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 151
- Active Listings
- This home’s price is 872% above the area median.
- Its price per sq ft is 7% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lynn, MA.
Location
Points of Interest in Lynn, MA
Showing the Lynn area map.
Nearby Schools
Brickett Elementary
Elementary · 0.0 mi away
Thurgood Marshall Middle School
Secondary · 0.4 mi away
Harrington Elementary School
Elementary · 0.4 mi away
Ingalls
Elementary · 0.5 mi away
Operation Bootstrap
School · 0.5 mi away
Chabad Hebrew School
School · 0.7 mi away
L P S Environmental School
School · 0.8 mi away
New Sunrise Preschool
School · 0.8 mi away
Robert L Ford School
Elementary · 0.9 mi away
Aborn Elementary School
Elementary · 0.9 mi away
Kipp Academy Lynn Charter School
School · 0.9 mi away
Hood Elementary School
Elementary · 0.9 mi away
Clarke Elementary School
Elementary · 1.0 mi away
Lynn English High School
Secondary · 1.0 mi away
Machon Elementary School
Elementary · 1.0 mi away
St Mary's Regional High School
Secondary · 1.0 mi away
St. Mary's Lynn
Secondary · 1.0 mi away
Lynn Alternative High School
Secondary · 1.1 mi away
Swampscott High School
Secondary · 1.1 mi away
Cobbet Elementary
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 30-32 High, Lynn, MA | $5,000,000 | 34 | 25 | 15,729 |
| 108 Franklin St, Lynn, MA | $7,200,000 | 55 | 30 | 23,316 |
Moving Cost Estimate
EXIT Agents in Lynn
Listing Courtesy: North Shore Realty Advisors - 6175487737
Presented by: Dan Pouladian