For Sale · Multi-Family
9-11 Dungeon Ave
Lynn, MA 01905
Price cut: $105,100
$579,900
$685,000
$424 per sq ft
- 4
- beds
- 2
- baths
- 1,368
- sq ft
Est. payment: $3,499/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 12,018
- Year Built
- 1970
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2026)
- $5,003
- Assessed value
- $485,780
- Days on Market
- 99
About this home
Excellent opportunity for an investor looking for immediate rental income with value-add potential. Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies.Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant.
Facts & features
Interior
- Total rooms
- 10
- Appliances
- Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
- Flooring
- Tile, Vinyl
- Laundry
- Electric Dryer Hookup, Washer Hookup
Systems & utilities
- Heating
- Electric
- Cooling
- Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
- Electric
- Circuit Breakers
- Utilities
- for Electric Range, for Electric Dryer, Washer Hookup
Exterior & parking
- Parking
- Paved Drive, Off Street, Paved
- Total parking
- 3
- Patio & porch
- Deck
Construction
- Construction materials
- Frame
- Foundation
- Slab
- Roof
- Shingle
- Year built
- 1970
Flood risk
Location
Courtesy of The Aland Realty Group LLC
MLS #: 73536785 · Updated: September 23, 2026
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