Pending
Under Agreement
148 Liberty
Lynn MA, 01901
$4,900,000
$366.33 per sqft
Pending
Under Agreement
31 Beds
24 Baths
13,376 sqft
Multi-family
Built in 1943
148 Liberty Street located in downtown Lynn is a handsome brick 4-story elevator apartment building consisting of twenty-four (24) residential units. The asset offers an attractive unit mix of seven (7) two-bedroom units, and seventeen (17) one-bedroom units with recently renovated common areas. The offering presents a strong value-add opportunity for investors with an entry cap-rate of 5.8% and a stabilized cap rate of 7.7%. The property is surrounded by many amenities, restaurants, commuting routes into Boston, and public transportation. Tenants are responsible for their own separately metered utilities such as heat, hot water, and electric making this an ideal investment. The property has undergone a number of capital improvements such as common area lighting, flooring, painting, masonry pointing, hot water tank replacements.
73317676
MLSⓇ ID
December 5, 2024
Listed
March 8, 2025
Updated
Interior Features
Total Stories
9
Bedrooms
31
Total Bathrooms
24
Full Bathrooms
24
Floor Description
Tile, Vinyl, Carpet
Fireplace
No
Cooling
No
Heating
No
Basement
Yes
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Level
Roof
Rubber
Sewer
Public Sewer
Window
Insulated Windows
Other Property Details
Taxes
$41,061
Tax Frequency
Annually
Days on Market
93
Garage
No
Parking
On Street
Parking Total
0
View
No
County
Essex
Water Source
Public
Utilities
for Electric Range, for Electric Oven, Varies per Unit
Zoning
CBD
Listing History
Date | Event | Price |
|---|---|---|
3/8/2025 | Pending | — |
2/27/2025 | Price change | $4,900,000 -4% |
2/10/2025 | Price change | $5,090,000 -3% |
Courtesy of Dan Pouladian, North Shore Realty Advisors
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Data last updated 4:07 PM UTC, 3/8/2025
