119 Lewis Street

Lynn, MA 01902

$4,800,000
Last Sold Price
24
Beds
24
Baths
12,765 Sq. Ft.
$376 / Sq. Ft.
12,765
Sq. Ft.
$376
per Sq. Ft.

Description

Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street...Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square.
  1. Listed by Stephen Girolamo • Horvath & Tremblay

Property Details for 119 Lewis Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 12/13/2024 01:25 PM

Property Details for 119 Lewis Street

StatusSold
MLS #73279413
Days on Market33
Taxes$46,730 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1911
CountyEssex County

Building Information for 119 Lewis Street

Stories3Residences24Year Built1911Building Size-Lot Size0.29 AC / 12,632 SF

Property Information for 119 Lewis Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 12765.0
  • SqFt with Basement: No
  • Total Units: 24
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 24.0
  • Num of Full Baths: 24
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 24.00
  • Bathrooms Total Integer: 24
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Total Monthly Rent is $42,250. $32,767 is the maximum input allowed by MLS.
Tax Information
  • Tax ID: 2000286
  • Assessments: $4,437,800
  • Book: 91389
  • Tax Year: 2024
  • Zoning: BD
Building / Association Information
Living Characteristics
  • Beds Total: 24
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • GOI: $507,000.00
  • GRE: $167,363
  • NOI: $339,637.00
  • Operating Expense: $167,363.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $32,767.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 119 Lewis Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 119 Lewis Street

Taxable ValueLand$1,968,000Additions$2,469,800Total$4,437,800
Tax Record2024$46,730 ($3,894 / month)
Home Facts
Baths24Total Finished SqFt12,765 SqFtAbove Grade Finished SqFt12,765 SqFtUnfinished Basement SqFt4,237 SqFtStories3Lot Size7,186 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningBDCountyESSEXAPNLYNN M:094 B:522 L:035

Schools near 119 Lewis Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Brickett Elementary School
PublicK to 5

William R Fallon Elementary School
Public1 to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Horvath & Tremblay, Stephen Girolamo

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.