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For sale
Triplexes
MA
Lynn
01902
191-193 Washington St

Lynn Multifamily Residence For Sale

191-193 Washington St, Lynn, MA 01902

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For Sale

$1,050,000

Three-story multi-family residence in Lynn, Massachusetts, built in 1900.

Type:Investment

Property size:

3,797 SF

Lot size:

0.08 Acres

Price / SF:

$276/SF

We can help!

Contact an agent

Salustia Ortiz

Real Estate License ID: 449526727

HighLights

Spacious Living Area: 3797 square feet provides ample space.
Eight Bedrooms: Offers significant private space.
Three Full Bathrooms: Thoughtfully positioned.
Multi‑Family Residence: Presents a unique investment or living opportunity.
Historic Charm: Built in 1900, showcasing craftsmanship.
Convenient Location: Situated in Lynn, Massachusetts, within Essex County.

Learn more

For Sale

$1,050,000

Three-story multi-family residence in Lynn, Massachusetts, built in 1900.

Type:Investment

Property size:

3,797 SF

Lot size:

0.08 Acres

Price / SF:

$276/SF

Added:: Mar 10, 2026
Days on Market:: 120
Last Refresh:: Jul 2 at 3:20 pm

Property Features for 191-193 Washington St

General Information

Standard status: Active
Size: 3,797 SF
Lot size: 0.08 Acres
Property subtype: Investment

Building Details

Year Built: 1900

We can help!

Contact an agent

Salustia Ortiz

Listing office

Listing date Mar 10, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Salustia Ortiz

HighLights

Spacious Living Area: 3797 square feet provides ample space.
Eight Bedrooms: Offers significant private space.
Three Full Bathrooms: Thoughtfully positioned.
Multi‑Family Residence: Presents a unique investment or living opportunity.
Historic Charm: Built in 1900, showcasing craftsmanship.
Convenient Location: Situated in Lynn, Massachusetts, within Essex County.

Overview

Located at 191-193 Washington St in Lynn, Massachusetts, this multi-family residence presents an opportunity within Essex County. Constructed in 1900, the three-story property retains architectural elements of its era. The building includes three full bathrooms. The living area encompasses 3797 square feet. The property features a total of eight bedrooms. The lot area measures 3520 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$116.2k	$30.60
− Vacancy	−$7.2k	−$1.89
EGI	$109.0k	$28.71
− OpEx	−$32.7k	−$8.61
NOI	$76.3k	$20.10

3,797 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.09M

$953.9K – $1.27M (±1% cap)

NOI $76,314 @ 7.0% cap · market cap 7.27%

Second Best

Apartment 5plus

$947.3K

$828.9K – $1.11M (±1% cap)

NOI $66,311 @ 7.0% cap · market cap 6.32%

Theoretical Best

Office A

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,044 @ 7.0% cap · market cap 8.96%

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

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lynn
County: Essex
State: Massachusetts
Longitude: -70.9517155
Latitude: 42.4665652

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For sale
Triplexes
MA
Lynn
01902
191-193 Washington St

What type of property is this?

Triplex - Three-story multi-family residence in Lynn, Massachusetts, built in 1900.

Where is this triplex located?

The property is located at 191-193 Washington St Lynn, MA.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Spacious Living Area: 3797 square feet provides ample space.; Eight Bedrooms: Offers significant private space.; Three Full Bathrooms: Thoughtfully positioned.