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Active

1-17 Union, Lynn MA 01902605949

$3,889,000

Estimated $80,252.78/month Calculator

Multi Family

Total Units: 20

Price Per Unit: $194,450

Total Rent: 52800/year

Estimated CAP Rate: -0.09%

24 Bedrooms

99 Full, 99 Half Baths

Total Parking: 1

3,000 SqFt

1-17 Union Street, Lynn, MA offers two updated mixed-use properties that share the same lot, comprised of 12 apartments and 8 retail storefronts. The brick building was fully renovated in 2021, and the second property received a new roof, siding, windows, and gutters in 2024...

This home has been viewed 5 times

Last Checked: April 7th, 2025 at 5:18am (Source: MLS PIN #73353993)

Gross Income: $52,800

Gross Expenses: $56,290

Net Income Calc: $-3,490

CAP Rate: -0.09%

Annual Expenses for 1-17 Union, Lynn MA 01902

Total Gross Expenses (Calculated)$56,290/year

APOD AvailableYes

Heating$0

Electricity$0

Water$0

Gas$0

Insurance$0

Sewer$0

Trash Removal$0

Repair & Maintenance$0

Management$0

Miscellaneous$0

Real Estate Tax$56,290

Annual Income & Unit Breakdown for 1-17 Union, Lynn MA 01902

Total Gross Income (Calculated)$52,800

Unit 1

Rental Income2600

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income1800

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 1-17 Union, Lynn MA 01902

Listing ID73353993

Property TypeMulti Family

Price$3,889,000 ($388.94/SqFt)

Style

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total9,999 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningMIxed-Use

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Interior Features for 1-17 Union, Lynn MA 01902

Disclosures for 1-17 Union, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$113,844

Total Gross Income By Broker$404,244

Total Net Income By Broker$290,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation2%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Location Information for 1-17 Union, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 1-17 Union, Lynn MA 01902

Agent

Name: Oleg Elisev

MLS ID: CN218989

Office ID: NB2539

Address: 187 Green Street

City: Boston

State: MA

Zip: 02130

Office

Name: Greenville Real Estate Group, Inc.

MLS Office ID: NB2539

Phone: 617-983-8300

Payment Calculator

$80,252.78 per month

30 Years Fixed, 6.75% Interest

Property Taxes $56,290.00

Principal & Interest $23,962.78

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Greenville Real Estate Group, Inc.

Oleg Elisev

Agent Phone

Office Phone

(617) 983-8300

Text Agent Call Agent Call Office

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    [description] => 1-17 Union Street, Lynn, MA offers two updated mixed-use properties that share the same lot, comprised of 12 apartments and 8 retail storefronts. The brick building was fully renovated in 2021, and the second property received a new roof, siding, windows, and gutters in 2024. This well-maintained asset combines modern updates with excellent rental income potential in a prime location.
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EXIT

Active

1-17 Union, Lynn MA 01902605949

$3,889,000

Annual Expenses for 1-17 Union, Lynn MA 01902

Annual Income & Unit Breakdown for 1-17 Union, Lynn MA 01902

General Information for 1-17 Union, Lynn MA 01902

Interior Features for 1-17 Union, Lynn MA 01902

Disclosures for 1-17 Union, Lynn MA 01902

Location Information for 1-17 Union, Lynn MA 01902

Contact Information for 1-17 Union, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Greenville Real Estate Group, Inc.

Oleg Elisev