526 Western Ave Lynn, MA ^$ 4,000,000

526 Western Ave

^$ 4,000,000

Back to search

526 Western Ave

Lynn, MA, 01904

^$ 4,000,000

Bedrooms43 Baths16.0 Sq 17,688

Monthly Estimate*

^$ 27,941

526 Western Ave, Lynn, MA 01904 - Image 1

526 Western Ave, Lynn, MA 01904 - Image 2

526 Western Ave, Lynn, MA 01904 - Image 3

526 Western Ave, Lynn, MA 01904 - Image 4

526 Western Ave, Lynn, MA 01904 - Image 5

526 Western Ave, Lynn, MA 01904 - Image 6

526 Western Ave, Lynn, MA 01904 - Image 7

526 Western Ave, Lynn, MA 01904 - Image 8

526 Western Ave, Lynn, MA 01904 - Image 9

526 Western Ave, Lynn, MA 01904 - Image 10

526 Western Ave, Lynn, MA 01904 - Image 11

526 Western Ave, Lynn, MA 01904 - Image 12

526 Western Ave, Lynn, MA 01904 - Image 13

526 Western Ave, Lynn, MA 01904 - Image 14

526 Western Ave, Lynn, MA 01904 - Image 15

526 Western Ave, Lynn, MA 01904 - Image 16

526 Western Ave, Lynn, MA 01904 - Image 17

Multi-Family Home for sale in Lynn, MA

for $4,000,000 with 43 bedrooms and 16 full baths. This 17,688 square foot home was built in 1910 on a lot size of 0.13.

Listed at a 6.86% Cap Rate on current income, the asset is a four-story brick building contains sixteen (16) units comprised of eleven (11), 3-Bedroom/1-Bathroom units and five (5), 2-Bedroom/1-Bathroom units with 17,688 square feet of living area on a 0.13-acre corner parcel of land. The Property is well-located at the intersection of Western Avenue and Franklin Street and is 0.1-miles from Stop & Shop. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, and North Shore Community College. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market. The option exists to potentially assume the existing debt at 4.04% interest rate.

Multi-Family Active

Price

^$ 4,000,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 38,531

Style

5+ Family - 5+ Units Up/Down

Lot Size

0.13

Year Built

1910

Town/City

Lynn

County/Region

Essex

MLS | Web ID

73173826

List By

Stephen Girolamo

Listing Agent

Horvath & Tremblay

Broker

Affordability Calculator

$31,152

Per Month

Monthly Principal & Interest: $27,941
Monthly Property Taxes: $3,211
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends

Multi-family listings in Lynn, MA

Average List Price ^$1,184,173

Percent of Sale Price 70%

About Lynn, MA

92,878 Population

4% Since 2002

^$52,444 Median Income

37.53 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

MLS Property Information Network, Inc rules require that you sign in here to see more detail on this property.

Pricing History

Date	Price	Price Change	Description
10/25/2023	$4,000,000		Listed Price

Map

More homes like this one

homes for you

See all

526 Western Ave, Lynn, MA, 01904 is a Multi-Family Home for sale at $4,000,000 with 17,688 sqft and a lot size of 0.13. 526 Western Ave has 43 bedrooms, 16.0 baths, and was built in 1910. The property's zip code is 01904 which is in Lynn, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/28/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

526 Western Ave

Multi-Family Home for sale in Lynn, MA

Affordability Calculator

Neighborhood & Schools

Map

More homes like this one

Get more info about this home