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32634354
32633351

203 LEWIS ST, LYNN, MA 01902

DP
MA MA 423847
North Shore Realty Advisors
Listed by North Shore Realty Advisors
$4,225,000
49 days on market
Updated 35 days ago

203 Lewis St

Details
APN LYNN M:094 B:519 L:019
Property Type Multifamily
Square Footage 12,076
Net Rentable (SqFt) 12,076
Cap Rate 6.35%
NOI $259,733
Occupancy 100%
Pro-Forma NOI $297,732
Class C
Year Built 1920
Year Renovated 2020, 2021,2022
Buildings 1
Stories 3
Lot Size (SqFt) 7,179
Zoning b

Value-Add Handsome Brick | 18-Units | Lynn, MA

Marketing description

Northshore Realty Advisors Inc as exclusive agent is please to present for sale 203 Lewis Street located in Lynn, Massachusetts. 203 Lewis Street is a handsome brick multifamily asset comprised of eighteen (18) units, including twelve (12) one-bedroom apartments and six (6) studio units. Ideally positioned in a highly walkable and transit-oriented coastal neighborhood, the property is located within walking distance to the beach and Lynn Shore Drive (Route 1A), offering tenants an exceptional blend of accessibility and lifestyle amenities.

Situated just 0.5 miles from the MBTA commuter rail, the property provides convenient access to Downtown Boston and the greater North Shore region. With a Walk Score of 84, residents benefit from immediate proximity to restaurants, retail, public transportation, and the waterfront, supporting strong tenant demand and long-term investment stability.

Investment highlights

Investment Highlights

  • 18-unit brick multifamily asset consisting of 12 one-bedroom units and 6 studio units
  • Prime coastal location within walking distance to the beach and Lynn Shore Drive (Route 1A)
  • Transit-oriented location approximately 0.5 miles from the MBTA commuter rail
  • Strong Walk Score of 84 with immediate access to shops, restaurants, and daily amenities
  • Attractive unit mix catering to strong workforce and commuter housing demand
  • Excellent connectivity to Downtown Boston and the North Shore employment markets
  • Stable multifamily investment opportunity in a high-demand rental corridor
  • Professionally positioned asset with long-term appreciation and income growth potential

Listing Contacts

DP
MA MA 423847
North Shore Realty Advisors
Listed by North Shore Realty Advisors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$259,733.00
$21,644.42/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

Map

Zoning

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B2 CommercialGeneral CommercialUrban Business
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Last updated Jun 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Dan Pouladian
License
MA 423847
Brokerage
North Shore Realty Advisors, In.
Brokerage Phone
6175487737
Brokerage Address
23 Ida Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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