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    505-507 Boston St Lynn, MA 01905

    For Sale
    $1,315,000

    Fully rented four-unit property generating $8,985 monthly rental income.

    Lot size:
    0.07 Acres

    Property Features for 505-507 Boston St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1910

    Source: Gamut Group LLC Agent Leah Polacke

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

    Overview

    Turnkey Four-Unit Investment Property

    This is a four-unit investment property that is fully rented and generates $8,985 per month in rental income. One unit is configured as a two-bedroom, though public records list it as a three-bedroom. The property features an updated boiler and water heaters, and separately metered utilities. It has a strong rental history.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -70.970857
    Latitude
    42.4651467

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    FAQs

    What type of property is this?
    Quadplex - Fully rented four-unit property generating $8,985 monthly rental income.
    Where is this quadplex located?
    The property is located at 505-507 Boston St Lynn, MA.
    What is the asking price?
    The asking price for this property is $1,315,000.
    What are key features of this property?
    This property features: - Fully rented 4-unit property generating $8,985 per month in rental income.; - Turnkey investment property requiring low maintenance.; - Separately metered utilities for each unit.
    (617) 440-4654
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    505-507 Boston St 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
    505-507 Boston St Lynn, MA 01905
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