Active
39 Newhall St
Lynn MA, 01902
$4,850,000
$302.14 per sqft
Active
31 Beds
23 Baths
16,052 sqft
Multi-family
Built in 1910
39 Newhall (20 Units) and 8 Suffolk (3 Units) contain a total of twenty-three (23) units on one parcel of land, consisting of eight (8), 2-Bedroom/1-Bathroom units, twelve (12) 1-Bedroom/1-Bathroom units and three (3) 2-Room Studio units. Each unit is separately metered for electricity and gas-fired head, which the tenants pay directly. Hot water is the responsibility of the tenants in the 8 Suffolk units and the landlord in the 39 Newhall units. The landlord is responsible for common area electric and domestic water and sewer. 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.
73340893
MLSⓇ ID
March 4, 2025
Listed
March 8, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
31
Total Bathrooms
23
Full Bathrooms
23
Fireplace
No
Cooling
No
Heating
No
Basement
Yes
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Corner Lot
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$35,186
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking Total
0
View
No
County
Essex
Water Source
Public
Waterfront Features
Beach Front, 3/10 to 1/2 Mile To Beach
Zoning
R5
Courtesy of Dennis Kelleher, Horvath & Tremblay
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Data last updated 8:27 AM UTC, 3/8/2025
