$4,400,000
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39 Newhall St Lynn, MA 01902
31 Beds
23 Baths
16,052 SqFt
Key Details
Sold Price $4,400,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 16,052 sqft
Price per Sqft $274
MLS Listing ID 73340893
Sold Date 09/23/25
Bedrooms 31
Full Baths 23
Year Built 1910
Annual Tax Amount $35,186
Tax Year 25
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
39 Newhall (20 Units) and 8 Suffolk (3 Units) contain a total of twenty-three (23) units on one parcel of land, consisting of eight (8), 2-Bedroom/1-Bathroom units, twelve (12) 1-Bedroom/1-Bathroom units and three (3) 2-Room Studio units. Each unit is separately metered for electricity and gas-fired head, which the tenants pay directly. Hot water is the responsibility of the tenants in the 8 Suffolk units and the landlord in the 39 Newhall units. The landlord is responsible for common area electric and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
Location
State MA
County Essex
Zoning R5
Direction Please use GPS
Rooms
Basement Unfinished
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Waterfront Description 3/10 to 1/2 Mile To Beach
Roof Type Rubber
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Stephen Girolamo • Horvath & Tremblay
