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ActiveListed 125 days ago

$579,900

9-11 Dungeon Ave, Lynn, MA 01905

4
beds
2
baths
1,368
sqft
Lot sizeThe land that comes with the home, as reported to the MLS.
0.28 acres
Year builtThe year the building was originally built, as reported by the listing agent.
1970
On the marketDays since the home was listed. New listings tend to move fastest.
125 days ago
Property type
Multi Family
Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
$424
ParkingSpaces that come with the home, as reported to the MLS.
3 spaces
Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
$5,003

What’s Special

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.

Listing courtesy of Forrest Homes Group, The Aland Realty Group LLC · MLS PIN #73536785

Facts & Features

Status
Active
Active status flag
Active
Bedrooms
4
Bathrooms
2 full
Living area
1,368 sqft

Parking

3
  • Paved Drive
  • Off Street
  • Paved

Laundry

2
  • Electric Dryer Hookup
  • Washer Hookup

Heating

1
  • Electric

Cooling

1
  • Window Unit(s)

Appliances

6
  • Range
  • Microwave
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher

MLS PIN #73536785 · Listed June 16, 2026

Location

9-11 Dungeon Ave, Lynn · All Lynn homes

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, landlords 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, leasing or renting 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, leasing or renting. 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.

$579,900

9-11 Dungeon Ave

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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, landlords 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, leasing or renting 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, leasing or renting. 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.