This rare investment opportunity features two side-by-side buildings in Lynn, Massachusetts, built as century homes with classic architectural design and vinyl siding exteriors. Each building contains six residential units, each with 2 bedrooms and 1 bath, boasting separate meters for heating and hot water, with tenants responsible for utilities. Professionally managed and well-maintained, the properties include 16 private parking spots and were roofed in 2014. These buildings offer compliance letters for de-leading and identical floor plans, conveniently located near Western Avenue. Priced at $3,650,000, this investment offers significant rental income potential on a sizable urban plot.
Exterior Street View
A multi-story, light gray wood-clad residential building with classic New England architecture is situated along a quiet street. The structure features bay windows and small balconies with white trim accents. Stone basement foundations add a historic touch, while simple black metal railings lead up stone steps to entrances. Multiple air conditioning units are installed in various window openings. The street has parked cars along the curb, and overhead utility wires stretch across the scene. Bare trees and a cloudy, overcast sky contribute to a muted, somber atmosphere, emphasizing the aged yet sturdy character of the neighborhood.
Living Room Details
Soft beige sofa adorned with floral and solid green cushions anchors the seating area. Dark teal walls contrast with the white window trim and curtains, while a large golden palm leaf artwork adds a touch of elegance. Rich hardwood floors complement the neutral color scheme, with heavy green velvet drapes framing the windows. A brass chandelier with multiple candle-like bulbs cascades from a textured ceiling, illuminating the room warmly. An adjacent built-in shelving unit with small décor items and a tall green vase beside a side table with a lamp create a cozy yet refined atmosphere.
Bathroom Corner Details
The corner of this bathroom highlights a built-in bathtub and shower combination with off-white tiles on the wall and a white shower surround. A shower curtain with a marble gray and white pattern hangs from a dark rod, adding a modern touch. A rain showerhead is attached to the wall, alongside a small hanging artificial green plant that brings a pop of natural color. Above the toilet, there’s a floating black shelf stocked with several rolls of toilet paper and complemented by a small leafy potted plant. A black basket on the toilet tank holds toiletries. A framed print with the phrase “HAUTE MESS” adds a cheeky, contemporary flair to the otherwise simple and functional space.
Living Room Seating
The space contains a set of dark gray, plush reclining sofas positioned along the light beige walls, creating a cozy seating arrangement. Hardwood floors with warm tones complement the neutral wall color. A window is partially covered by a deep red curtain, adding a subtle pop of color. A built-in white wooden shelving unit with drawers stands next to the doorway, featuring decorative green plants on the shelves. An adjacent open doorway leads into a kitchen or utility area, continuing the home’s traditional trim and molding details, emphasizing classic architectural elements.
Kitchen Sink and Cabinets
White cabinetry with modern panel designs is arranged above and below a black countertop, which contrasts sharply with the lighter surroundings. A stainless steel sink with a single faucet is centered on the counter. The backsplash is made of white subway tiles with clean grout lines, adding a subtle texture behind the sink. The walls are painted a soft beige-gray, complementing the overall neutral palette. On the left is a white door with brass hardware, and an adjacent doorway on the right leads to a warmly lit area beyond. The floor is covered with plain, light-colored tiles that extend throughout the space, emphasizing simplicity and functionality.
Compact Kitchen Area
Stainless steel appliances including a modern gas stove with oven and a refrigerator stand against a neutral-toned wall. White upper and lower cabinetry with sleek silver handles complements the black countertop, creating a clean, modern contrast. A white subway tile backsplash adds subtle texture and brightness, enhancing the overall minimalist aesthetic. The kitchen floor features light-colored tiles that coordinate with the subdued wall colors, maintaining a soft and airy feel. A window with white blinds next to the refrigerator allows natural light to brighten the space, offering both practical and aesthetic balance in this compact kitchen nook.
Bay Window Corner
Three tall, narrow windows form a bay window with white wooden trim, accompanied by a smaller horizontal window on an adjacent wall, all fitted with white horizontal blinds. Soft gray walls create a neutral, calming backdrop, contrasting with the rich, warm tone of the polished hardwood floors. White baseboards and detailed window casings emphasize the classic architectural style. The ceiling features subtle molding, and a flush-mounted light fixture provides illumination. This corner space invites natural light while maintaining privacy, combining traditional design elements with a simple, understated color palette.
Dining Room to Kitchen View
The space is characterized by a neutral, light grey wall color contrasted with rich, warm-toned hardwood floors featuring a subtle border inlay. White painted trim with crown molding frames the window, built-in cabinetry, and doorway, adding classic architectural detail typical of early American design. The built-in shelving unit combines open shelves above with four drawers below, providing functional storage with period charm. A doorway leads to a kitchen area with white cabinetry and visible countertops, suggesting a modest, functional kitchen beyond. Natural light filters softly through a window with closed blinds, creating a calm and inviting atmosphere.
Empty Room with Built-In Shelves
The room contains two tall windows with white blinds framed by decorative white molding. The walls are painted a soft beige, complemented by white baseboards and trim, creating a classic and neutral backdrop. A recessed built-in bookshelf with drawers is embedded into one wall, framed with ornate molding matching the window trims. The ceiling features subtle, square panel molding with a modern flush light fixture adding contrast. The floor consists of polished wood planks in warm honey tones. The space exudes simplicity with vintage architectural details, suitable for various uses like a study or small sitting room.
Kitchen Layout and Features
The kitchen has a clean and functional design with white cabinetry paired with stainless steel appliances, including a refrigerator and a stove with a vent hood. White subway tiles create a neat backsplash that complements the white cabinetry and contrasts subtly with the darker gray countertops. The layout is compact and efficient, with cabinets and drawers spaced on either side of the room, providing accessible storage. The single-basin sink is equipped with a modern faucet on the right countertop side. Light neutral flooring and walls add to the brightness, enhanced by natural light from a window near the refrigerator.
Empty Room with Doorway
Wooden floors with a warm reddish tone extend throughout the space, meeting white-painted baseboards. The walls and ceiling are painted in a soft off-white, creating a clean and bright ambiance. A single ceiling light with a glass dome and brass trim is centered on the paneled ceiling. White trim and molding frame the window and door openings, highlighting traditional architectural detailing. A window with white blinds partially filters natural light into the room. The door on the right side likely leads to an entry or closet, while the open doorway centers the view into an adjacent room with matching floors and window treatments.
Bay Window Corner
A small, empty room features a distinctive bay window area with three windows framed in classic white molding. The windows have horizontal blinds partially drawn, allowing diffused natural light to filter in. The walls are painted a soft beige, enhanced by white trim and wide baseboards that add a historic touch. The hardwood floor displays a rich, warm tone with a polished finish that contrasts with the light walls. A simple, vintage ceiling fixture casts a soft glow, emphasizing the room’s understated charm and traditional architectural details.
Bathroom Sink and Shower
A compact bathroom with a white vanity sink and a single-handle faucet sits against a wall partially tiled with cream-colored square tiles. Above the sink, a mirrored medicine cabinet with a white frame is mounted, offering storage and reflection space. Adjacent to the sink, a bathtub with built-in shelving is enclosed by a standard shower curtain rod, with matching cream-colored tile lining the upper shower walls. The walls outside the tile are painted a neutral off-white, and a traditional toggle light switch is visible on the right wall, emphasizing a simple, functional aesthetic with modest finishes.
Basement Utility Area
Two large, cylindrical oil tanks stand on metal legs on a bare concrete floor in a dimly lit basement. One tank is gray and the other black, both with labels and capped pipes extending upward and horizontally, wrapped in white insulation. The space is enclosed by rough stone walls and worn wooden planks. Overhead, exposed wooden beams support the floor above, showing age and weathering. A heavy, dark wooden door with metal hinges is visible in the back corner, adding to the rustic, utilitarian atmosphere of this functional, historic basement area.
Basement Utility Area
Exposed wooden beams on the ceiling intersect with a network of metal pipes and flexible ductwork, some covered in reflective insulation. Multiple large HVAC units and air handling systems are situated along the concrete floor, with ducts extending and twisting towards the ceiling and walls. The space has an unfinished appearance, characterized by rough brick walls and dirt-colored concrete flooring. Metal support columns stand vertically within the area, supporting the ceiling structure. The overall atmosphere is utilitarian, emphasizing function over decoration, typical of lower-level service rooms in historic homes.
Basement Utility Area
Two modern gray water heaters stand side by side along a worn stone wall in this basement space. The exposed brick and rough stone walls show signs of age, contrasting with the newer equipment. An old rusty metal stove or furnace is positioned nearby, suggesting previous heating methods. The floor is plain concrete, uneven and marked by visible cracks and stains. To the left, miscellaneous storage boxes and household items are stacked in a cluttered manner. Overhead, metallic ventilation ducts stretch across the ceiling, adding an industrial touch to this utilitarian, functional area of the home.
Listing Agent: Wei Bin Peng of Downtown Boston Real Estate, LLC via Zillow
