$579,900
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.
Property details
- MLS #
- 73536785
- Property type
- Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 101
- On market date
- June 16, 2026
- Stories
- 2
- Total bathrooms
- 2
- Garage spaces
- N/A
- Parking spaces
- 3
- Lot size
- 0.28 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 208
- Student:teacher ratio
- 9.9:1
- District
- Lynn
- Enrollment
- 1,270
- Student:teacher ratio
- 13.7:1
- District
- Lynn
- Enrollment
- 1,823
- Student:teacher ratio
- 17.9:1
- District
- Lynn
Walkability
Blended score for Lynn's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Lynn, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.