Property Description

Attention Buyers and Investors! Presenting 101 Lynnway, an exceptional three-family home situated in the sought-after Diamond District of Lynn. This property boasts three generously sized, move-in ready units, all recently renovated to meet modern standards. The basement includes a shared coin-operated laundry facility with washers and dryers, along with dedicated storage spaces for each unit. The property will be delivered vacant, offering a fantastic opportunity for owner-occupants to live in one unit while renting out the others, or for investors seeking a lucrative rental property. With breathtaking water views, this property is a true gem, conveniently located just a short walk from Lynn Beach, public transportation, and a diverse array of dining and shopping options in downtown.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Marina, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Concrete Floor, Full
  • Common Interior Features: Tile Floor
  • Common Appliances: Microwave, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 99600
  • Gross Expenses: 20000
  • Net Operating Income: 79600

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1909
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73345460
  • Last Updated: 03/14/25
  • Terms: Assumable, Seller W/Participate

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/14/2025New$1,200,000$370MLSPIN

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Seller's Representative: Linlet Patel, Tesla Realty Group LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-14 03:30:00