505-507 Boston St, Lynn, MA 01905
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$1,315,000
4 Unit
9 Beds
4 Baths
3765 SQFT
0.07 Acre

Property Description

Turnkey 4-Unit Investment Property – Fully Rented!Exceptional opportunity to own a high-performing, fully rented four-unit property generating $8,985 per month in rental income. Unit 1 is currently configured as a two-bedroom, though public records list it as a three-bedroom. Property features include an updated boiler and water heaters, separately metered utilities, and a strong rental history ensuring consistent cash flow. Ideal for investors seeking a stable, low-maintenance asset in a desirable location.Private showings by appointment only. No open houses. Serious, vetted buyers only.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 107820
  • Net Operating Income: 107820

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1910
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73447102
  • Last Updated: 10/24/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/23/2025New$1,315,000$349MLSPIN

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Seller's Representative: Leah Polacke, Gamut Group LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-10-24 03:30:00