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33950179
33950178

30-32 High Street, Lynn, MA 01902

JY
MA 9052901
Yannios Real Estate Investment Sales
Listed by Yannios Real Estate Investment Sales
$5,000,000
4 days on market
Updated 4 days ago
Opportunity zone

High Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,796
Units 25
NOI $341,968
Occupancy 100%
Pro-Forma NOI $378,312
Class C
Year Built 1890
Lot Size (SqFt) 6,753

About This Property

Investment highlights

Yannios RE Investment Services, as exclusive agent, is proud to present a rare investment opportunity, that has not been available to the open market in 20 years. This offering represents a rare opportunity to acquire in one of the most supply-constrained submarkets in the Boston market. The building consists of 9-two bedrooms, 12-one bedrooms, 4 studios. Tenant paid heat and electric, hot water included in the rent. The units have sub-panels, newer ceramic tile & vinyl flooring, newer bathrooms, kitchens partial updated. The common hallways have newer vinyl plank flooring and lighting & newer roof. The common hallways have newer vinyl plank flooring and lighting & newer rubber roof. Value-add upside positioning the property to capture rent growth in a high-demand, low-vacancy market with access to public transportation and commuting routes into Boston. Demand drivers for rental housing in the Lynn market continue to strengthen, making this property ideally positioned for both long term rental growth and appreciation. Building maintained well and in good condition. Interested and qualified buyers will be able to tour the property and obtain additional information...

Listing Contacts

JY
MA 9052901
Yannios Real Estate Investment Sales
Listed by Yannios Real Estate Investment Sales

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$341,968.00
$28,497.33/mo

Valuation Metrics

0
DSCR
6.84%
Cap Rate
6.84%
ROI

Map

Zoning

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R5 ResidentialMulti FamilyHigh Rise Building
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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
James Yannios
License
9052901
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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