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Multi-Family Value-Add Property
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5 Greenwood Pl, Lynn, MA 01902

Multi-family building with 16 units and 14 surface parking spaces, offered as a value-add fixer upper.

Property SizeContact for details
Days on Market124

Property Features for 5 Greenwood Pl

General Information

Standard status Active
Total Parking Spaces 14
Property subtype Multifamily

Additional Details

Multifamily Units 16
Listing Agency: North Shore Realty Advisors
Listed By: Dan Pouladian · License #MA 423847
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 8:43AM

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 North Shore Realty Advisors

Investment Insights

Based on property information with market context.

5 Greenwood Place is a multi-family residential income property consisting of 16 units. The property also includes 14 surface parking spaces.

The offering is described as a value-add fixer upper, positioning the building for buyers looking to bring it to a higher level through improvements.

With its unit count and surface parking provision, the property offers a straightforward residential configuration for ongoing rental use.

Key Highlights

  • Multifamily building with 16 units
  • Includes 14 surface parking spaces
  • Listed as a value‑add fixer upper

Property Analytics

Current Use

ASAP Snow Removal Landscaping Lynn Snow Removal Landscaping

Suggested Use

Top Pick Parking Lot & Garage Acupuncture Tech Support Center Real Estate Agency Computer & Electronic Repair Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

2,462
Businesses Nearby

Demographics for 01902, MA

50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-family building with 16 units and 14 surface parking spaces, offered as a value-add fixer upper.
Where is this apartment building located?
The property is located at 5 Greenwood Pl Lynn, MA.
What are key features of this property?
This property features: Multifamily building with 16 units; Includes 14 surface parking spaces; Listed as a value‑add fixer upper
(617) 548-7737 Call to check price and availability
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