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13 Days on Jacob Realty
8
$1,315,000
Total Beds: 9 Total Baths: 4
Total Units: 4 SQFT: 3765
LOT size: 0.07 Acres
505-507 Boston St
Lynn, MA 01905
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Property Description

Turnkey 4-Unit Investment Property – Fully Rented!Exceptional opportunity to own a high-performing, fully rented four-unit property generating $8,985 per month in rental income. Unit 1 is currently configured as a two-bedroom, though public records list it as a three-bedroom. Property features include an updated boiler and water heaters, separately metered utilities, and a strong rental history ensuring consistent cash flow. Ideal for investors seeking a stable, low-maintenance asset in a desirable location.Private showings by appointment only. No open houses. Serious, vetted buyers only.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Amenities: Park, Public Transportation, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 107820
  • Gross Expenses: 4760
  • Electric Expenses: 240
  • Water/Sewer: 1100
  • INSC: 3600
  • Management Fee: 2640
  • Miscellaneous Expense: 780
  • Net Operating Income: 107820

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73447102
  • Last Updated: 10/28/25

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Map

Seller's Representative: Leah Polacke, Gamut Group LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2025-10-28 07:35:00

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