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$3,400,000
Total Beds: 28 Total Baths: 12
Total Units: 12 SQFT: 11519
LOT size: 0.15 Acres
10-14 Lynch St
Salem, MA 01970
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Property Description

Lynch Street Apartments is a 11,519 +/- square foot 12-unit brick apartment building with nine off-street parking spaces situated on a 6,460 +/- square feet corner lot. The unit makeup is four (4) 3-bedroom apartments and eight (8) 2-bedroom apartments, each unit has one (1) bathroom and is individually metered for electricity with heat and hot water by natural gas supplied by the landlord. All twelve units are de-leaded. Hookups are in place for coin-operated laundry facilities. All occupants are TAW which offers an extraordinary Value Add Opportunity simply by bringing rents to market value with minimal capital improvements needed. 10-14 Lynch Street is located in Salem Massachusetts within walking distance to both Salem State University and the historic downtown amenities such as tourist attractions, restaurants, breweries and the waterfront activities. One tenant is being evicted, all rents are below market value, buyer should really be experienced with I/O loans, cash or 1031.

Property Details

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 28
  • Total Full Baths: 12
  • Basement Features: Full, Interior Access

Financial

  • APOD Available: Yes

Utilities

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

Unit 1 Description

  • Under Lease: No

Unit 2 Description

  • Under Lease: No

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73457565
  • Last Updated: 11/24/25

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Map

Seller's Representative: Brian DApice, The Mega Group
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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MLS PIN data last updated at 2025-11-24 16:59:00