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

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