371 Boston St

3,231 Sq. Ft.
$309 / Sq. Ft.
3,231
Sq. Ft.
$309
per Sq. Ft.

Description

Partial seller financing available! 371 Boston St. A 3 story 6-unit multi-family with great cash flow. Situated within close proximity to Market Basket, major transportation hubs, with less than 2 miles from the beach and the vibrant downtown Lynn area, convenience is at your doorstep. Tenants will appreciate easy access to shopping, dining, and commuting options. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to make a smart entry into the real estate...Partial seller financing available! 371 Boston St. A 3 story 6-unit multi-family with great cash flow. Situated within close proximity to Market Basket, major transportation hubs, with less than 2 miles from the beach and the vibrant downtown Lynn area, convenience is at your doorstep. Tenants will appreciate easy access to shopping, dining, and commuting options. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to make a smart entry into the real estate market, this multi-family building offers a rare blend of immediate returns and future prospects. Recent updates include the upper roof and hot water tank. Tenants pay for heat and electric. All separate electric meters. Don't miss out on the chance to secure a prime property in a thriving location. Moreover, additional opportunity awaits with the adjacent property at 8-8A Cedar Street.
  1. Listed by John Wellington • RE/MAX 360

Property Details for 371 Boston Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Open Parking Spaces
4.00
Parking Spaces Total
4
LISTING UPDATED: 12/20/2023 09:39 AM

Property Details for 371 Boston Street

StatusSold
MLS #73164983
Days on Market7
Taxes$7,716 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1885
CountyEssex County

Location

Listing Courtesy of RE/MAX 360, John Wellington

Sold By Fairview Partners International LLC, Wenli Zheng

Add your commute

Building Information for 371 Boston Street

Stories9Residences6Year Built1885Building Size-Lot Size0.06 AC / 2,752 SF

Payment Calculator

$5,678 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,035

Property Taxes

$643

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 371 Boston Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Public School
  • Current Financing: Withheld
  • Living Area: 3231.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewage District: Lynn
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: All representations are stated from seller. Buyers and buyer's agents to do their own due diligence. See attachments for lead certs from seller.
Tax Information
  • Tax ID: 1994682
  • Assessments: $692,000
  • Book: 447
  • Tax Year: 2023
  • Zoning: R4
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $108,360.00
  • GRE: $18,822
  • NOI: $89,538.00
  • Operating Expense: $18,822.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,755.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.5
  • Other Agent Compensation: 0

Property History for 371 Boston Street

DateEvent & SourcePriceAppreciation
Dec 20, 2023

Sold

MLS PIN #73164983

$999,888
Oct 6, 2023

Under Agreement

MLS PIN #73164983

Oct 6, 2023

Contingent

MLS PIN #73164983

DateEvent & SourcePrice
12/20/2023

Sold

MLS PIN #73164983

$999,888
10/06/2023

Under Agreement

MLS PIN #73164983

10/06/2023

Contingent

MLS PIN #73164983

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 371 Boston Street

Taxable ValueLand$183,000Additions$648,400Total$831,400
Tax Record2025$8,613 ($718 / month)
Home Facts
Baths6Total Finished SqFt3,231 SqFtAbove Grade Finished SqFt3,231 SqFtUnfinished Basement SqFt1,077 SqFtStories3Lot Size2,753 SqFtStyleMulti-Family Res (5+ Units)Year Built1885ZoningR4CountyESSEXAPNLYNN M:054 B:319 L:018

Schools near 371 Boston Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
William R Fallon Elementary School
PublicK to 5

Tracy Elementary School
Public1 to 5

Breed Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX 360, John Wellington

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.