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We are pleased to present a rare opportunity to acquire 145 Lewis Street, a 25-unit multifamily asset located in the highly desirable Diamond District of Lynn, MA. Held by the same ownership for more than 25 years and fully rebuilt in 2015. The property offers investors a 6.8% CAP rate on current income on this 10-year-young asset with strong in-place rents and ability to improve for future growth and no capital improvements needed to achieve returns. The building consists of twenty-five (25) thoughtfully designed floor plans, including eighteen (18) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom/two-bathroom unit. This desirable unit-mix along with amenities such as laundry facilities and on-site storage create long term revenue stream and tenant retention.

More Info

Basic Information

  • Gross Income $610,320
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number M:094 B:521 L:034,2000221

Location

  • Address145 Lewis Street
  • Building Number145
  • CountyEssex
  • StateMA
  • StreetLewis Street
  • TownLynn
  • Zip01902

Exterior

  • Exterior Features Rain Gutters, Professional Landscaping, Decorative Lighting
  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 17,407
  • Lot Size Square Feet 8,377
  • Lot Size Units Acres
  • Square Feet17,407

Water Body

  • Miles to Beach0.1
  • Waterfront Features Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)

Tax Information

  • Tax Assessed Value $6,161,700
  • Tax Year 2026
  • Taxes$64,629

Basic Information

  • List Price$6,100,000
  • MLS Number73500404
  • Modification Date06/14/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.19

Interior

  • Flooring Tile, Vinyl, Laminate, Wood

Utilities

  • Electric 220 Volts, Circuit Breakers, Other (See Remarks)
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Laundromat
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Green Energy Efficient Varies per Unit
  • Other AmenitiesBasement

Other

  • Date Listed04/13/2026
  • Farm Land Area Units Square Feet
  • View Count62

Parking

  • Open Parking YN Yes
  • Parking Spaces

Rooms

  • Bathroom26
  • Bathrooms Total Decimal 26
  • Bedrooms33
  • Full Bath26

Building

  • BasementFull, Finished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Door Features Insulated Doors
  • FoundationConcrete Perimeter
  • Levels 3
  • Rooms83
  • Stories3
  • Units25
  • Utilities For Electric Range, For Electric Oven
  • Window Features Insulated Windows
  • Year Built2015
  • Year Built Details Actual
  • Year Built Source Public Records

Map Location

Listed by Dan Pouladian of North Shore Realty Advisors

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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