Overview Property Details Payment Calculator Walkability

Active

229 Lewis St, Lynn MA 01902

$3,900,000

Estimated $41,976.83/month Calculator

Multi Family

Total Units: 10

Price Per Unit: $390,000

Total Rent: 111600/year

Estimated CAP Rate: 2.17%

15 Bedrooms

10 Full Baths

2 Parking Spots

0.13 acres

~~~~~7% Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. Hard wired smoke and sprinkler system as well. Property consists of (5) commercial retail units on first lev...

This home has been viewed 66 times

Last Updated: April 5th, 2025 at 9:03am

Gross Income: $111,600

Gross Expenses: $26,806

Net Income Calc: $84,794

CAP Rate: 2.17%

Annual Expenses for 229 Lewis St, Lynn MA 01902

Total Gross Expenses (Calculated)$26,806/year

APOD AvailableYes

Heating$0

Electricity$0

Water$360

Gas$360

Insurance$8,500

Sewer$360

Trash Removal$0

Repair & Maintenance$0

Management$0

Miscellaneous$0

Real Estate Tax$17,946.27

Annual Income & Unit Breakdown for 229 Lewis St, Lynn MA 01902

Total Gross Income (Calculated)$111,600

Unit 1

Rental Income3000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income2100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income2100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 4

Rental Income2100

Lease

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 229 Lewis St, Lynn MA 01902

Listing ID73326316

Property TypeMulti Family / 5+ Family

Price$3,900,000 ($312/SqFt)

Style

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total12,500 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking2

Garage Parking

Year Built2010

Year Built SourcePublic Records

Year RenovatedN/A

Year Built DetailsActual,Approximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningBD

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Interior Features for 229 Lewis St, Lynn MA 01902

Disclosures for 229 Lewis St, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$8,860

Total Gross Income By Broker$298,080

Total Net Income By Broker$127,940

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Location Information for 229 Lewis St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping

Contact Information for 229 Lewis St, Lynn MA 01902

Agent

Name: Rebecca Huang

MLS ID: CN207682

Office ID: AN2376

National Association ID: 455022655

Phone: 617-888-0018

City: Weymouth

State: MA

Office

Name: East West Real Estate, LLC

MLS Office ID: AN2376

Phone: 617-479-6666

Payment Calculator

$41,976.83 per month

30 Years Fixed, 6.75% Interest

Property Taxes $17,946.27

Principal & Interest $24,030.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

East West Real Estate, LLC

Rebecca Huang

Agent Phone

(617) 888-0018

Office Phone

(617) 479-6666

Text Agent Call Agent Call Office

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                    [field_id] => 3069
                    [type] => price
                    [name] => LIST_PRICE_PER_SQFT
                    [raw] => 312
                    [unit_id] => 260
                    [value] => $312
                    [price_only] => $312
                )

[field_3071] => Array
                (
                    [field_id] => 3071
                    [type] => number
                    [name] => MARKET_TIME_BROKER
                    [value] => 79
                )

[field_3072] => Array
                (
                    [field_id] => 3072
                    [type] => number
                    [name] => MARKET_TIME_BROKER_PREV
                    [value] => 0
                )

[field_3075] => Array
                (
                    [field_id] => 3075
                    [type] => datetime
                    [name] => ModificationTimestamp
                    [value] => 19/01/2025 08:05:00
                )

[field_3094] => Array
                (
                    [field_id] => 3094
                    [type] => price
                    [name] => SOLD_PRICE_PER_SQFT
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3095] => Array
                (
                    [field_id] => 3095
                    [type] => number
                    [name] => STREET_NUM
                    [value] => 229
                )

[field_3105] => Array
                (
                    [field_id] => 3105
                    [type] => select
                    [name] => APOD_AVAILABLE
                    [value] => Yes
                )

[field_3109] => Array
                (
                    [field_id] => 3109
                    [type] => number
                    [name] => FIRE_PLACES
                    [value] => 0
                )

[field_3113] => Array
                (
                    [field_id] => 3113
                    [type] => select
                    [name] => LEASE_1
                    [value] => Y
                )

[field_3114] => Array
                (
                    [field_id] => 3114
                    [type] => select
                    [name] => LEASE_2
                    [value] => Y
                )

[field_3115] => Array
                (
                    [field_id] => 3115
                    [type] => select
                    [name] => LEASE_3
                    [value] => Y
                )

[field_3118] => Array
                (
                    [field_id] => 3118
                    [type] => price
                    [name] => NOI
                    [raw] => 127940
                    [unit_id] => 260
                    [value] => $127,940
                    [price_only] => $127,940
                )

[field_3119] => Array
                (
                    [field_id] => 3119
                    [type] => number
                    [name] => RENT1
                    [value] => 3000
                )

[field_3120] => Array
                (
                    [field_id] => 3120
                    [type] => number
                    [name] => NO_UNITS
                    [value] => 10
                )

[field_3121] => Array
                (
                    [field_id] => 3121
                    [type] => number
                    [name] => RENT2
                    [value] => 2100
                )

[field_3122] => Array
                (
                    [field_id] => 3122
                    [type] => number
                    [name] => RENT3
                    [value] => 2100
                )

[field_3123] => Array
                (
                    [field_id] => 3123
                    [type] => number
                    [name] => RENT4
                    [value] => 2100
                )

[field_3126] => Array
                (
                    [field_id] => 3126
                    [type] => number
                    [name] => TOTAL_RENT
                    [value] => 24840
                )

[field_3134] => Array
                (
                    [field_id] => 3134
                    [type] => select
                    [name] => SQUARE_FEET_INCL_BASE
                    [value] => No
                )

[field_3164] => Array
                (
                    [field_id] => 3164
                    [type] => boolean
                    [name] => AvailableNow
                    [value] => No
                )

[field_3168] => Array
                (
                    [field_id] => 3168
                    [type] => price
                    [name] => SEC_DEPOSIT
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3171] => Array
                (
                    [field_id] => 3171
                    [type] => text
                    [name] => Office Phone
                    [value] => 617-479-6666
                )

[field_3172] => Array
                (
                    [field_id] => 3172
                    [type] => text
                    [name] => Agent Phone
                    [value] => 617-888-0018
                )

[field_3178] => Array
                (
                    [field_id] => 3178
                    [type] => boolean
                    [name] => AdditionalParcelsYN
                    [value] => No
                )

[field_3182] => Array
                (
                    [field_id] => 3182
                    [type] => select
                    [name] => BuildingAreaSource
                    [value] => Public Records
                )

[field_3183] => Array
                (
                    [field_id] => 3183
                    [type] => number
                    [name] => BuildingAreaTotal
                    [value] => 12500
                )

[field_3184] => Array
                (
                    [field_id] => 3184
                    [type] => select
                    [name] => BuildingAreaUnits
                    [value] => Square Feet
                )

[f_3188] => Array
                (
                    [field_id] => 3188
                    [type] => feature
                    [name] => CommunityFeatures
                    [values] => Array
                        (
                            [0] => Shopping
                        )

)

[field_3189] => Array
                (
                    [field_id] => 3189
                    [type] => price
                    [name] => ConcessionsAmount
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3192] => Array
                (
                    [field_id] => 3192
                    [type] => number
                    [name] => ParkingTotal
                    [value] => 2
                )

[field_3193] => Array
                (
                    [field_id] => 3193
                    [type] => number
                    [name] => CoveredSpaces
                    [value] => 0
                )

[field_3200] => Array
                (
                    [field_id] => 3200
                    [type] => price
                    [name] => ElectricExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3205] => Array
                (
                    [field_id] => 3205
                    [type] => date
                    [name] => ExpirationDate
                    [value] => 01/01/1900
                )

[field_3206] => Array
                (
                    [field_id] => 3206
                    [type] => select
                    [name] => FarmLandAreaUnits
                    [value] => Square Feet
                )

[field_3209] => Array
                (
                    [field_id] => 3209
                    [type] => text
                    [name] => FoundationDetails
                    [value] => Concrete Perimeter
                )

[field_3211] => Array
                (
                    [field_id] => 3211
                    [type] => number
                    [name] => GarageSpaces
                    [value] => 0
                )

[field_3216] => Array
                (
                    [field_id] => 3216
                    [type] => price
                    [name] => GrossIncome
                    [raw] => 298080
                    [unit_id] => 260
                    [value] => $298,080
                    [price_only] => $298,080
                )

[field_3220] => Array
                (
                    [field_id] => 3220
                    [type] => price
                    [name] => InsuranceExpense
                    [raw] => 8500
                    [unit_id] => 260
                    [value] => $8,500
                    [price_only] => $8,500
                )

[field_3222] => Array
                (
                    [field_id] => 3222
                    [type] => text
                    [name] => ListingAgreement
                    [value] => Exclusive Right To Sell
                )

[field_3223] => Array
                (
                    [field_id] => 3223
                    [type] => date
                    [name] => ListingContractDate
                    [value] => 15/01/2025
                )

[f_3225] => Array
                (
                    [field_id] => 3225
                    [type] => feature
                    [name] => LotFeatures
                    [values] => Array
                        (
                            [0] => Corner Lot
                        )

)

[field_3226] => Array
                (
                    [field_id] => 3226
                    [type] => area
                    [name] => LotSizeSquareFeet
                    [value] => 5,655 Sqft
                    [raw] => 5655
                    [unit_id] => 1
                )

[field_3230] => Array
                (
                    [field_id] => 3230
                    [type] => price
                    [name] => OperatingExpense
                    [raw] => 8860
                    [unit_id] => 260
                    [value] => $8,860
                    [price_only] => $8,860
                )

[field_3231] => Array
                (
                    [field_id] => 3231
                    [type] => price
                    [name] => OriginalListPrice
                    [raw] => 3900000
                    [unit_id] => 260
                    [value] => $3,900,000
                    [price_only] => $3,900,000
                )

[field_3234] => Array
                (
                    [field_id] => 3234
                    [type] => textarea
                    [name] => PrivateOfficeRemarks
                    [value] => See attachment for lease information
                )

[field_3240] => Array
                (
                    [field_id] => 3240
                    [type] => text
                    [name] => UnparsedAddress
                    [value] => 229 Lewis St, Lynn MA 01902
                )

[field_3241] => Array
                (
                    [field_id] => 3241
                    [type] => price
                    [name] => WaterSewerExpense
                    [raw] => 360
                    [unit_id] => 260
                    [value] => $360
                    [price_only] => $360
                )

[field_3243] => Array
                (
                    [field_id] => 3243
                    [type] => text
                    [name] => YearBuiltDetails
                    [value] => Actual,Approximate
                )

[field_3245] => Array
                (
                    [field_id] => 3245
                    [type] => text
                    [name] => YearBuiltSource
                    [value] => Public Records
                )

[field_3248] => Array
                (
                    [field_id] => 3248
                    [type] => datetime
                    [name] => OriginalEntryTimestamp
                    [value] => 15/01/2025 16:04:00
                )

[field_3253] => Array
                (
                    [field_id] => 3253
                    [type] => number
                    [name] => MLSPIN_BEDRMS_1
                    [value] => 3
                )

[field_3254] => Array
                (
                    [field_id] => 3254
                    [type] => number
                    [name] => MLSPIN_BEDRMS_2
                    [value] => 3
                )

[field_3255] => Array
                (
                    [field_id] => 3255
                    [type] => number
                    [name] => MLSPIN_BEDRMS_3
                    [value] => 3
                )

[field_3256] => Array
                (
                    [field_id] => 3256
                    [type] => number
                    [name] => MLSPIN_BEDRMS_4
                    [value] => 3
                )

[field_3260] => Array
                (
                    [field_id] => 3260
                    [type] => text
                    [name] => MLSPIN_DISCLOSURE
                    [value] => N
                )

[field_3261] => Array
                (
                    [field_id] => 3261
                    [type] => number
                    [name] => MLSPIN_F_BTHS_1
                    [value] => 1
                )

[field_3262] => Array
                (
                    [field_id] => 3262
                    [type] => number
                    [name] => MLSPIN_F_BTHS_2
                    [value] => 1
                )

[field_3263] => Array
                (
                    [field_id] => 3263
                    [type] => number
                    [name] => MLSPIN_F_BTHS_3
                    [value] => 1
                )

[field_3264] => Array
                (
                    [field_id] => 3264
                    [type] => number
                    [name] => MLSPIN_F_BTHS_4
                    [value] => 1
                )

[field_3265] => Array
                (
                    [field_id] => 3265
                    [type] => price
                    [name] => MLSPIN_GRE
                    [raw] => 8860
                    [unit_id] => 260
                    [value] => $8,860
                    [price_only] => $8,860
                )

[field_3266] => Array
                (
                    [field_id] => 3266
                    [type] => price
                    [name] => MLSPIN_HTE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3267] => Array
                (
                    [field_id] => 3267
                    [type] => number
                    [name] => MLSPIN_H_BTHS_1
                    [value] => 0
                )

[field_3268] => Array
                (
                    [field_id] => 3268
                    [type] => number
                    [name] => MLSPIN_H_BTHS_2
                    [value] => 0
                )

[field_3269] => Array
                (
                    [field_id] => 3269
                    [type] => number
                    [name] => MLSPIN_H_BTHS_3
                    [value] => 0
                )

[field_3270] => Array
                (
                    [field_id] => 3270
                    [type] => number
                    [name] => MLSPIN_H_BTHS_4
                    [value] => 0
                )

[field_3272] => Array
                (
                    [field_id] => 3272
                    [type] => text
                    [name] => MLSPIN_LEAD_PAINT
                    [value] => None
                )

[field_3273] => Array
                (
                    [field_id] => 3273
                    [type] => number
                    [name] => MLSPIN_LEVELS_1
                    [value] => 1
                )

[field_3274] => Array
                (
                    [field_id] => 3274
                    [type] => number
                    [name] => MLSPIN_LEVELS_2
                    [value] => 1
                )

[field_3275] => Array
                (
                    [field_id] => 3275
                    [type] => number
                    [name] => MLSPIN_LEVELS_3
                    [value] => 2
                )

[field_3276] => Array
                (
                    [field_id] => 3276
                    [type] => number
                    [name] => MLSPIN_LEVELS_4
                    [value] => 1
                )

[field_3277] => Array
                (
                    [field_id] => 3277
                    [type] => text
                    [name] => MLSPIN_MAIN_LO
                    [value] => AN2376
                )

[field_3280] => Array
                (
                    [field_id] => 3280
                    [type] => number
                    [name] => MLSPIN_MARKET_TIME_PROPERTY
                    [value] => 79
                )

[field_3281] => Array
                (
                    [field_id] => 3281
                    [type] => price
                    [name] => MLSPIN_MGF
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3282] => Array
                (
                    [field_id] => 3282
                    [type] => price
                    [name] => MLSPIN_MSE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3285] => Array
                (
                    [field_id] => 3285
                    [type] => price
                    [name] => MLSPIN_OPTIONAL_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3290] => Array
                (
                    [field_id] => 3290
                    [type] => price
                    [name] => MLSPIN_PRICE_PER_SQFT
                    [raw] => 312
                    [unit_id] => 260
                    [value] => $312
                    [price_only] => $312
                )

[field_3292] => Array
                (
                    [field_id] => 3292
                    [type] => price
                    [name] => MLSPIN_RFS
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3293] => Array
                (
                    [field_id] => 3293
                    [type] => price
                    [name] => MLSPIN_RME
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3296] => Array
                (
                    [field_id] => 3296
                    [type] => select
                    [name] => OpenParkingYN
                    [value] => 1
                )

[field_3301] => Array
                (
                    [field_id] => 3301
                    [type] => select
                    [name] => RoomMasterBathroomFeatures
                    [value] => Yes
                )

[field_3306] => Array
                (
                    [field_id] => 3306
                    [type] => price
                    [name] => GrossScheduledIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3307] => Array
                (
                    [field_id] => 3307
                    [type] => number
                    [name] => MLSPIN_FLRS_1
                    [value] => 2
                )

[field_3308] => Array
                (
                    [field_id] => 3308
                    [type] => number
                    [name] => MLSPIN_FLRS_2
                    [value] => 2
                )

[field_3309] => Array
                (
                    [field_id] => 3309
                    [type] => number
                    [name] => MLSPIN_FLRS_3
                    [value] => 2
                )

[field_3310] => Array
                (
                    [field_id] => 3310
                    [type] => number
                    [name] => MLSPIN_FLRS_4
                    [value] => 2
                )

[field_3311] => Array
                (
                    [field_id] => 3311
                    [type] => number
                    [name] => BRE_Total_Parking
                    [value] => 2
                )

[field_3320] => Array
                (
                    [field_id] => 3320
                    [type] => boolean
                    [name] => Waterfront
                    [value] => No
                )

[field_3323] => Array
                (
                    [field_id] => 3323
                    [type] => text
                    [name] => Levels In Unit
                    [value] => 10
                )

)

[unit_level] => 
    [levels_in_unit] => 2025-01-15
    [construction_status] => 
    [laundry_features] => Array
        (
        )

[outdoor_space_available] => Array
        (
        )

[building_name] => 
    [pet_policy] => Array
        (
        )

[building_management] => Array
        (
        )

[number_of_units] => 10
    [units_owner_occupied] => 0
    [parking_features] => Array
        (
        )

[building_amenities] => Array
        (
        )

[owner_occupancy_source] => 
    [documents_available] => Array
        (
        )

[optional_price] => 0
    [optional_fee_includes] => Array
        (
        )

[structure_type] => Array
        (
        )

[complex_complete] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [date_available_note] => 
    [first_month_required] => Array
        (
        )

[last_month_required] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => 5-9 Family
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $17,946.27
    [total_gross_income] => 111600
    [total_gross_expense] => 26806
    [net_income_calc] => 84794
    [cap_rate] => 2.17%
    [apod_available] => Array
        (
            [0] => Yes
        )

[heating_expense] => Array
        (
            [0] => $0
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[water_expense] => Array
        (
            [0] => $360
        )

[gas_expense] => Array
        (
            [0] => $360
        )

[insurance_expense] => Array
        (
            [0] => $8,500
        )

[sewer_expense] => Array
        (
            [0] => $360
        )

[trash_expense] => Array
        (
            [0] => $0
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[management_expense] => Array
        (
            [0] => $0
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
            [0] => 3000
        )

[unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_bedrooms] => 3
    [unit_1_bathrooms] => 1 Full
    [unit_1_floor] => 2
    [unit_1_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 2100
        )

[unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_bedrooms] => 3
    [unit_2_bathrooms] => 1 Full
    [unit_2_floor] => 2
    [unit_2_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 2100
        )

[unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_bedrooms] => 3
    [unit_3_bathrooms] => 1 Full
    [unit_3_floor] => 2
    [unit_3_levels] => 2
    [unit_4_rent] => Array
        (
            [0] => 2100
        )

[unit_4_lease] => Array
        (
        )

[unit_4_bedrooms] => 3
    [unit_4_bathrooms] => 1 Full
    [unit_4_floor] => 2
    [unit_4_levels] => 1
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
            [0] => Concrete Perimeter
        )

[patio_and_porch] => Array
        (
        )

[zoning_details] => 
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
        )

[operating_expense] => Array
        (
            [0] => $8,860
        )

[gross_income] => Array
        (
            [0] => $298,080
        )

[net_operating_income] => Array
        (
            [0] => $127,940
        )

[short_sale] => 
    [price_per_unit] => 390000
)

EXIT

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Active

229 Lewis St, Lynn MA 01902

$3,900,000

Annual Expenses for 229 Lewis St, Lynn MA 01902

Annual Income & Unit Breakdown for 229 Lewis St, Lynn MA 01902

General Information for 229 Lewis St, Lynn MA 01902

Interior Features for 229 Lewis St, Lynn MA 01902

Disclosures for 229 Lewis St, Lynn MA 01902

Location Information for 229 Lewis St, Lynn MA 01902

Contact Information for 229 Lewis St, Lynn MA 01902

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East West Real Estate, LLC

Rebecca Huang