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Multifamily Asset in Diamond District

145 Lewis Street, Lynn, MA 01902

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For Sale

$6,250,000

25-unit multifamily asset in Lynn's desirable Diamond District.

Type:Multi-family / 5+ Family - 5+ Units Up/Down

Property size:

17,407 SF

Price / SF:

$359/SF

HighLights

Rare 25‑unit multifamily asset in Lynn's desirable Diamond District.
Fully rebuilt in 2015, offering a 10‑year‑young asset.
Attractive 6.8% CAP rate on current income with potential for rent improvement.
Diverse unit mix: 18 one‑bedroom, 6 two‑bedroom, and 1 three‑bedroom/two‑bathroom units.
Amenities include laundry facilities and on‑site storage.
Enjoy ocean views and proximity to the beach (0 to 1/10 mile) on a corner lot with professional landscaping.

We can help!

Listing Contact

Dan Pouladian

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For Sale

$6,250,000

25-unit multifamily asset in Lynn's desirable Diamond District.

Type:Multi-family / 5+ Family - 5+ Units Up/Down

Property size:

17,407 SF

Price / SF:

$359/SF

Added:: Apr 13, 2026
Days on Market:: 57
Last Refresh:: Apr 13 at 8:57 pm

Property Features for 145 Lewis Street

General Information

Standard status: Active
Size: 17,407 SF
Property subtype: Multi-family / 5+ Family - 5+ Units Up/Down

Building Details

Year Built: 2015

We can help!

Listing Contact

Dan Pouladian

Listing agent Dan Pouladian License #9506215

Listing office North Shore Realty Advisors

Listing date Apr 13, 2026

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HighLights

Rare 25‑unit multifamily asset in Lynn's desirable Diamond District.
Fully rebuilt in 2015, offering a 10‑year‑young asset.
Attractive 6.8% CAP rate on current income with potential for rent improvement.
Diverse unit mix: 18 one‑bedroom, 6 two‑bedroom, and 1 three‑bedroom/two‑bathroom units.
Amenities include laundry facilities and on‑site storage.
Enjoy ocean views and proximity to the beach (0 to 1/10 mile) on a corner lot with professional landscaping.

Overview

This 25-unit multifamily asset is located in the Diamond District of Lynn, MA. The property, held under the same ownership for over 25 years, was fully rebuilt in 2015. The building features twenty-five thoughtfully designed floor plans, including eighteen one-bedroom units, six two-bedroom units, and one three-bedroom/two-bathroom unit. On-site amenities include laundry facilities and storage. The property offers a 6.8% CAP rate on current income, with strong in-place rents and the potential for future growth. No capital improvements are needed to achieve returns.

Location Intelligence

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Apartment buildings

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Local Demand

City: Lynn
County: Essex
State: Massachusetts
Longitude: -70.9314155
Latitude: 42.4659415

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For sale
Apartment buildings
MA
Lynn
01902
145 Lewis Street

What type of property is this?

Apartment building - 25-unit multifamily asset in Lynn's desirable Diamond District.

Where is this apartment building located?

The property is located at 145 Lewis Street Lynn, MA.

What is the asking price?

The asking price for this property is $6,250,000.

What are key features of this property?

This property features: Rare 25‑unit multifamily asset in Lynn's desirable Diamond District.; Fully rebuilt in 2015, offering a 10‑year‑young asset.; Attractive 6.8% CAP rate on current income with potential for rent improvement.