Lynnway Newhall Portfolio
Generational Offering | 71-Units with Ocean Views and Potential buildable lot | Lynn, MA
Marketing description
North Shore Realty Advisors Inc., as exclusive agent, is proud to present a rare investment opportunity, the Lynnway Newhall Collection, a portfolio that has not been available to the open market in over 16 years.
This offering includes five multifamily assets plus an additional parcel of land, strategically located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, and 9 Chancery Lane, all within Lynn’s highly sought-after Diamond District. This offering represents a rare opportunity to acquire meaningful scale in one of the most supply-constrained submarkets in the Boston MSA. 9 Chancery Lane is an additional 9,592 SF of possibly buildable land, which is zoned R5.
The portfolio consists of seventy-one (71) residential units with a highly diversified unit mix, including nineteen (19) studios, thirty-nine (39) one-bedroom units, and thirteen (13) two-bedroom units, appealing to a broad tenant base.
Numerous capital improvements are outlined in the offering memorandum, which minimizes new ownership capital expenditures. Significant value-add upside remains through a continued, programmatic renovation of residential units, positioning the portfolio to capture meaningful rent growth in a high-demand, low-vacancy market.
The properties benefit from an unbeatable urban coastal location, surrounded by restaurants, retail, and everyday conveniences, with immediate access to public transportation and major commuting routes into Boston. Demand drivers for rental housing in the Diamond District continue to strengthen, making this portfolio ideally positioned for both long-term rental growth and appreciation.
The Lynnway Newhall Collection is available for immediate acquisition at the asking price of $14,250,000. Qualified buyers will be provided with a comprehensive Offering Memorandum containing detailed financials and property information. Following review of materials and property tours, ownership intends to conduct a formal Call for Offers.
Investment highlights
Rare-Offering
The Lynnway Newhall Collection offers a rare opportunity to acquire a tightly clustered 71-unit multifamily portfolio that has not been available to the open market in over 16 years. The offering consists of five buildings in proximity, plus an additional parcel of land, creating operational efficiencies and long-term strategic flexibility. Significant capital improvements have been completed.
Strong Demographics
Situated in a dense, high-barrier market with historically low vacancy, the property is supported by strong underlying demographics, including over 94,000 residents within a three-mile radius and an average household income exceeding $71,500, driving consistent tenant demand.
Value-Add
The property presents an attractive unit mix of nineteen (19) studios, thirty-nine (39) one-bedroom units, and thirteen (13) two-bedroom units. Given the portfolio's scale, even modest rent increases achieved through unit upgrades can translate into substantial revenue growth and long-term value creation. This opportunity allows new ownership to capitalize on strong rental demand while strategically repositioning the asset and increasing the NOI.
Transit Oriented
This offering is situated on numerous major thoroughfares: RT1A, RT1, RT107 and RT60. This ideal location provides residents with easy transit access with multiple bus stops on Newhall Street, Surfside Road and Beach Road. The property is also a short distance to the Lynn Commuter Rail, and Wonderland T stop. This location provides quick access to the neighboring towns of Swampscott, Marblehead, Nahant, and Revere.
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