Prime Multi-Unit Investment Opportunity in Lynn, MA – This well-maintained multi-family property is perfect for serious investors seeking a high-performing asset. Featuring spacious units with modern updates, hardwood floors, and abundant natural light, this property offers ...
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Last Checked: June 24th, 2025 at 4:31am (Source: MLS PIN #73341648)
Gross Income: $30,000
Gross Expenses: $11,286
Net Income Calc: $18,714
CAP Rate: 1.21%
Annual Expenses for 453-455 Summer St, Lynn MA 01905
Total Gross Expenses (Calculated)$11,286/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$11,286
Annual Income & Unit Breakdown for 453-455 Summer St, Lynn MA 01905
Total Gross Income (Calculated)$30,000
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$1,200
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 4
Rental Income$1,300
Lease
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent Includes
General Information for 453-455 Summer St, Lynn MA 01905
Listing ID73341648
Property TypeMulti Family
Price$1,549,000 ($388.42/SqFt)
Style5+ Family - 5+ Units Up/down
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,988 SqFt
Approximate Lot Size (Acres)0.17 acres
Total Parking10
Garage Parking
Year Built1903
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceEnclosed
ZoningR4
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 453-455 Summer St, Lynn MA 01905
Lead Paint
UFFIUnknown
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$45,600
Total Net Income By Broker$45,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 453-455 Summer St, Lynn MA 01905
Real Estate Taxes$11,286
Tax Year2025
Assessed Value$1,089,400
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$45,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$45,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.21%
Location Information for 453-455 Summer St, Lynn MA 01905
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Shopping, Medical Facility, Laundromat, Public Transportation
Contact Information for 453-455 Summer St, Lynn MA 01905