Property summary
This exceptional multifamily investment property, located at 119 Lewis Street in Lynn, Massachusetts, presents a compelling opportunity. The three-story brick building comprises 24 units: 21 one-bedroom/one-bathroom apartments and 3 two-room studios. Boasting 12,765 square feet of net rentable space within a 17,029-square-foot gross building area, it sits on a 0.29-acre lot. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $336,355,… representing a 6.86% capitalization rate. The asking price is $4,900,000, or $204,167 per unit. Built in 1911, the property has undergone recent capital improvements, including hallway and common area renovations, a new rubber roof, and new windows. Each unit features individually metered electricity, with tenants responsible for their own usage. A convenient on-site coin-operated laundry facility adds to tenant appeal. The property enjoys a prime location in a densely populated residential neighborhood near downtown Lynn, offering easy access to public transportation, including the Central Square commuter rail station (0.8 miles) providing service to Boston's North Station. The area also boasts numerous retail amenities, restaurants, and entertainment options. Its proximity to the new Mosaic mixed-use development further enhances its desirability. Strong demographics, with over 130,000 people within a 3-mile radius and an average household income exceeding $114,461, underscore the investment potential. Access to major roadways, including Routes 1A, 129, 107, and 129A, ensures convenient commuting. Multiple MBTA bus routes also serve the area. This property offers a blend of strong financial performance, desirable location, and recent upgrades, making it an attractive investment prospect.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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