Property Description

Rare portfolio opportunity in Lynn’s Diamond District. The offering includes five multifamily properties located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, plus an additional 9,592 SF parcel at 9 Chancery Lane, zoned R5 with potential development upside. The portfolio consists of 71 residential units, including 19 studios, 40 one-bedroom units, and 12 two-bedroom units, providing a diverse unit mix that appeals to a broad tenant base. Large scale capital improvements have been completed, minimizing near-term capital expenditures for new ownership. This is the opportunity to acquire scale in one of Greater Boston’s most supply-constrained rental markets with strong demand, low vacancy, and long-term appreciation potential.

Property Details tap to expand

Building Information

  • Total Units: 71
  • Total Floors: 3
  • Total Bedrooms: 83
  • Total Full Baths: 71
  • Amenities: Park, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 1443684
  • Gross Expenses: 423968
  • GSE: 15773
  • Electric Expenses: 12499
  • Water/Sewer: 57330
  • RFS: 17400
  • Net Operating Income: 963132

Utilities

  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73538322
  • Last Updated: 06/22/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/22/2026Active$14,250,000$341MLSPIN

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Seller's Representative: Dan Pouladian, North Shore Realty Advisors
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 2026-06-22 03:05:00