For Sale
$4,290,000

Union St Lynn, MA 01902

Twelve apartments & eight retail spaces. Prime Lynn location.

Overview

Added:
Feb 3
Days on market:
78
This exceptional investment property, located at 1-17 Union Street in Lynn, Massachusetts, presents a rare opportunity to acquire two meticulously maintained mixed-use buildings on a single 0.07-acre lot. The property comprises twelve residential apartments and eight retail storefronts, offering a diverse and robust income stream. The main brick building underwent a complete renovation in 2021, ensuring modern amenities and updated systems throughout. This extensive renovation included upgrades to all apartment units and retail spaces. The second building on the property benefited from significant improvements in 2024, including a new roof, siding, windows, and gutters, further enhancing its longevity and curb appeal. This combined investment offers a compelling blend of immediate rental income and long-term appreciation potential. Situated in a prime Lynn location, the property benefits from high visibility and convenient access to major transportation routes and local amenities. The strong tenant occupancy and consistent rental income make this a truly exceptional investment opportunity for discerning buyers seeking a well-maintained, high-yield asset in a thriving market. Financial details are available upon request. This is a turnkey operation ready for immediate ownership.

Property Details for Union St

Property type
Commercial real estate
Year Built
1873
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Lynn
County
Essex
State
Massachusetts
Latitude
42.46928
Longitude
-70.93913

FAQs

What type of property is this?
Commercial real estate - Twelve apartments & eight retail spaces. Prime Lynn location.
Where is the commercial real estate located?
The property is located at Union St Lynn, MA.
What is the asking price?
The asking price for this property is $4,290,000.
How can I contact the broker?
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Union St
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