63 Lynnway Portfolio, Lynn, MA, 01902
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$14,250,000

Active

63 Lynnway Portfolio

Lynn, MA 01902

83Beds
71Baths
41,837Sq Ft
Built 19105+ Family - 5+ Units Up/Down0.77 Acres0 Parking3 Stories4 Days on Market

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.

63 Lynnway Portfolio, Lynn, MA, 01902Open in Maps →
Property Type5+ Family - 5+ Units Up/Down
Year Built1910
MLS #73538322
StatusActive
Total Rooms7
Stories3
Living Area41,837 sqft
Lot Size0.77 acres
Annual Tax$128,874
Days on Market4
Parking Spaces0

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Mortgage Calculator

$86,456/mo

Principal & Interest$72,056
Property Tax$14,250
Insurance$150
Home Price$14,250,000
Down Payment20% ($2,850,000)

Listing Information

MLS #: 73538322
Source: MLS PIN

Est. Monthly Payment

$91,628/mo

Based on 20% down, 30yr fixed at 6.5%

Principal & Interest$72,162
Property Tax$10,740