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.
- Basement:
- Full, Unfinished
- Construction:
- Frame
- Flooring:
- Tile, Vinyl, Hardwood, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- condo fee are estimates. New construction from first floor up. Shared use shed., All information deemed reliable. Buyer's agent to do due diligence., Listing Agent related to seller, No appointment required for open houses. New carpet upstairs 2022. Washer/dryer 2020. Hot water heater 2021. New Heat/AC 2021. Walk-out LL could be finished to add 150 sq ft. Wood floors 2026, main staircases and main living area.
- Electric Feature:
- Circuit Breakers, 200+ Amp Service
- Garage Parking
- Lead Paint:
- Unknown
- Waterview Features:
- Ocean
- Market Time:
- 4
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $341
- Zoning:
- R5
- No Units:
- 71
- Orig Price:
- $14,250,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 3' 40.8''
- Latitude:
- N42° 27' 30.4''
Residential Income
63 Lynnway Portfolio, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $14,250,000
- Bedrooms :
- 83
- Rooms :
- 7
- Total Bathrooms :
- 71
- Full Bathrooms :
- 71
- Square Footage :
- 41,837 Sqft
- Year Built :
- 1910
- Lot Area :
- 0.77 Acre
- Listing ID :
- 73538322
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com