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Summer Street Condos 386 Summer St 20 Unit Apartment Building $4,995,000 ($249,750/Unit) Lynn, MA 01905
Investment Highlights
- 100% Ownership in Twenty Unit Condo Complex
- All Tenant Paid Utilities
- Significant Value-Add Opportunity Through Achieving Market Rent Levels
- All Two Bed, One Bath Floor Plans
- Off Street Parking
Executive Summary
Northeast Private Client Group is proud to exclusively represent the Summer Street Condos located at 386 Summer Street Lynn, MA.
This 20-unit, 14,000 square foot multifamily asset presents a rare opportunity in the high-growth Lynn market. The property consists entirely of two-bedroom, one bathroom condominium units, with ownership controlling 100 percent of the complex. Built in 1988 and maintained with an efficient layout and desirable unit mix, the asset benefits from strong tenant demand, modernized features, and consistent occupancy driven by tenant paid utilities and off-street parking.
Strategically positioned in the heart of Lynn, the property offers excellent accessibility, proximity to key amenities, and direct exposure to one of the most rapidly improving urban environments in Greater Boston. Local population and household growth, combined with rising income levels within one-, three-, and five-mile radius, reinforce the long-term strength of the location.
The property represents a new investor the chance to acquire a fully controlled multifamily asset with both stable income and meaningful near term upside.
This 20-unit, 14,000 square foot multifamily asset presents a rare opportunity in the high-growth Lynn market. The property consists entirely of two-bedroom, one bathroom condominium units, with ownership controlling 100 percent of the complex. Built in 1988 and maintained with an efficient layout and desirable unit mix, the asset benefits from strong tenant demand, modernized features, and consistent occupancy driven by tenant paid utilities and off-street parking.
Strategically positioned in the heart of Lynn, the property offers excellent accessibility, proximity to key amenities, and direct exposure to one of the most rapidly improving urban environments in Greater Boston. Local population and household growth, combined with rising income levels within one-, three-, and five-mile radius, reinforce the long-term strength of the location.
The property represents a new investor the chance to acquire a fully controlled multifamily asset with both stable income and meaningful near term upside.
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Property Facts
| Price | $4,995,000 | Property Subtype | Apartment |
| Price Per Unit | $249,750 | Building Class | B |
| Sale Type | Investment | Building Size | 14,800 SF |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1988 |
| Price | $4,995,000 |
| Price Per Unit | $249,750 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 14,800 SF |
| No. Stories | 1 |
| Year Built | 1988 |
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Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | LYNN-000052-000773-000028-000001-000001 | Improvements Assessment | $219,100 |
| Land Assessment | $0 | Total Assessment | $219,100 |
Property Taxes
Parcel Number
LYNN-000052-000773-000028-000001-000001
Land Assessment
$0
Improvements Assessment
$219,100
Total Assessment
$219,100
Contacts
-
Drew Kirkland -
Francis Saenz -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Summer Street Condos | 386 Summer St
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