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Price Drop: $19.1K (10/03)
Street View
$579,900
Monthly Est:$2,886
4 Beds
2 Baths2 full baths
1,368sqft
9-11 Dungeon Ave, Lynn, MA 01905
$579,900
$2,886/moEst:
Get Pre-Approved
Multi Family
Built in 1970
$-- HOA
0.28 acre lot
$424/sq.ft
Description
An excellent opportunity for an investor seeking immediate rental income with value-add potential. Make your own updates with a $ 20,000 credit at closing! $20,000 credit at closing toward rate buydowns, prepaids, and closing costs! 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.
- Houzeo last checked: 12 hours ago
- Listing updated: October 5, 2026 at 3:41 pm
- Listing Provided by: |
- Source: MLS Property Information Network-MA | MLS#: 73536785
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1970
HOA Fees
-
Finished Area
1,368 sqft
Lot Size
0.28 acre lot
Basement Area
- sqft
MLS Name
MLS Property Information Network
MLS Number
73536785
MLS Status
Active
Days on Market
115
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Interior
Cooling
Window Unit(s)
Appliances
Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
Flooring
Tile, Vinyl
Sewer
Public Sewer
Heating
Electric
Construction
Year Built
Year Built: 1970
Home type
Multi Family
Foundation Details
Slab
Construction Materials
Frame
Roof
Shingle
Utilities & Energy
Electric
Circuit Breakers
Laundry Features
Electric Dryer Hookup, Washer Hookup
Utilities
For Electric Range, For Electric Dryer, Washer Hookup
Parking Features
Paved Drive, Off Street, Paved
Water Source
Public
Other Features
Disclosures
Unit 1 Is Currently Rented For $2, 300/mo. Unit 2 Is Occupied And Rents For $1, 200/mo. The Former Roommate Paid $1, 200, For A Total Of $2, 400/mo. The Property Is Sold As Is. Some Photos Are Virtually Staged.
Lot Features
Wooded
Patio And Porch Features
Deck
Community Features
Public Transportation, Shopping, Golf, Medical Facility, Laundromat, Highway Access, House Of Worship, Private School, Public School, T Station
Price History
| Date | Event | Price |
|---|---|---|
09/10/2026 Source: | Price Decreased | $579,900 -3.19% $424/sqft |
08/20/2026 Source: | Price Decreased | $599,000 -4.16% $438/sqft |
07/28/2026 Source: | Price Decreased | $625,000 -3.83% $457/sqft |
07/07/2026 Source: | Price Decreased | $649,900 -5.12% $475/sqft |
06/16/2026 Source: | Listed for Sale | $685,000 +74.52% $501/sqft |
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering through Oct 09, 2026, 02:30PM. The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. © 2026 MLS Property Information Network, Inc. All Rights Reserved.
Advertising Broker: Derek Greene | The Greene Realty Group