63 Lynnway Portfolio, Lynn, MA 01902
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63 Lynnway Portfolio, Lynn, MA 01902
63 Lynnway Portfolio, Lynn, MA 01902
63 Lynnway Portfolio, Lynn, MA 01902
63 Lynnway Portfolio, Lynn, MA 01902
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 13,150,000
Est. payment /mo
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Price Dropped by $1.1M

63 Lynnway Portfolio Lynn, MA 01902

83 Beds

71 Baths

41,837 SqFt

Open House

Thu Jul 30, 10:30am - 12:15pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 41,837 sqft

Price per Sqft $314

MLS Listing ID 73538322

Bedrooms 83

Full Baths 71

Year Built 1910

Annual Tax Amount $128,874

Tax Year 2026

Lot Size 0.770 Acres

Acres 0.77

Property Sub-Type 5+ Family - 5+ Units Up/Down

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.

Location

State MA

County Essex

Zoning R5

Direction Lynn Shore Drive to Lynnway and Newhall

Rooms

Basement Full, Unfinished

Interior

Flooring Tile, Vinyl, Varies, Hardwood

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University

Waterfront Description Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors

NEARBY SCHOOLS & PROPERTIES

John J. Dean Jr.

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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