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INVESTMENT SNAPSHOT
About this property
190 Washington St contains six (6) 2-Bedroom/1-Bathroom units with 6,015 square feet of gross living area in 8,050 square feet of gross area. The Property is situated upon a 0.11-acre parcel and features five (5) off-street parking spaces.The Property is well-positioned in downtown Lynn, offering strong access to the city’s central business district, neighborhood retail corridors, and surrounding residential neighborhoods. Tenants are responsible for gas-powered heat, hot water, and electricity, while the Landlord is responsible for providing city water & sewer. Lynn, Massachusetts is undergoing significant redevelopment and expansion drivenby long-term planning and major investment in its waterfront and downtown areas. The opportunity exists to acquire a well-maintained asset in a densely populated Greater Boston area with high upside potential.
Property details
| Units | 6 |
| Living area | 6,015 sqft |
| Lot size | 4,791 sqft |
| Year built | 1873 |
| Price / sqft | $262 |
| County | Essex |
| MLS # | 73500388 |
Listing status
| Days on market | 4 days |
| Listed on | April 13, 2026 |
Taxes & financials
| Annual property tax | $14,861 |
| Tax year | 2026 |
| Assessed value | $1,442,800 |
| Zoning | R2 |
| Gross income (actual) | $158,640/yr |
| Net operating income (actual) | $104,358/yr |
| Total actual rent | $13,130/mo |
Building & lot
| Stories | 5 |
| Total rooms | 24 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Off Street |
| Foundation | Other |
| Roof | Tar/Gravel |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of Horvath & Tremblay — Stephen Girolamo. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 190 Washington St, Lynn MA 01902 have?
It is a 6-unit multi-family property with 6,015 sqft of living area, built in 1873.
How long has 190 Washington St, Lynn MA 01902 been on the market?
190 Washington St, Lynn MA 01902 has been listed for 4 days (since April 13, 2026).
What is the estimated cap rate on this 6-family in Lynn?
Based on area median rents, the estimated cap rate is about 6.8%, with a Signal Score of 98/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,575,000 across 6 units, that works out to roughly $262,500 per unit.
What are the property taxes on 190 Washington St, Lynn MA 01902?
Annual property taxes are $14,861 (2026), on an assessed value of $1,442,800.
What is the price per square foot?
At $1,575,000 for 6,015 sqft, that's about $262 per square foot.
Is there parking?
5 total parking spaces (off street).
Where is this property located?
190 Washington St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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