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    662-664 Western Ave Lynn, MA 01905

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    For Sale
    $1,900,000

    9-unit property with original architectural details and significant income potential.

    Lot size:
    0.16 Acres

    Property Features for 662-664 Western Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1900

    Source: Toner Real Estate, LLC Agent Colleen Toner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Immaculately Maintained 9-Unit Apartment Building

    This immaculately maintained 9-unit apartment building presents an investment opportunity. The property features 33 rooms, including 15 bedrooms and 9 bathrooms. It retains much of its original architectural detail, including hand-carved woodwork. The property has new windows, siding, electrical systems, heat, and a paved driveway. Delead certificates, rent roll, and operating expenses are on file. This property offers significant income potential and possibilities for investors.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9632003
    Latitude
    42.4642514

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    FAQs

    What type of property is this?
    Apartment building - 9-unit property with original architectural details and significant income potential.
    Where is this apartment building located?
    The property is located at 662-664 Western Ave Lynn, MA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Rare 9-Unit Apartment Building: Excellent investment opportunity with significant income potential.; - Immaculately Maintained: Attracts high-quality tenants.; - New Windows, Siding, Electrical Systems, and Heat: Reduces future expenses and increases tenant appeal.
    (617) 438-7878
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    662-664 Western Ave Lynn, MA 01905
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    Lynn, MA 01905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    662-664 Western Ave Lynn, MA 01905
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