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, 39 one-bedroom units, and 13 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:
- This offering includes five multifamily assets plus an additional parcel of land, located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, and 9 Chancery Lane
- Electric Feature:
- Circuit Breakers, 200+ Amp Service
- Garage Parking
- Lead Paint:
- Unknown
- Waterview Features:
- Ocean
- Market Time:
- 41
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $314
- 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 :
- $13,150,000
- 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