145 Lewis St, Lynn, MA, 01902
About This Home
We are pleased to present a rare opportunity to acquire 145 Lewis Street, a 25-unit multifamily asset located in the highly desirable Diamond District of Lynn, MA. Held by the same ownership for more than 25 years and fully rebuilt in 2015. The property offers investors a 6.8% CAP rate on current income on this 10-year-young asset with strong in-place rents and ability to improve for future growth and no capital improvements needed to achieve returns. The building consists of twenty-five (25) thoughtfully designed floor plans, including eighteen (18) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom/two-bathroom unit. This desirable unit-mix along with amenities such as laundry facilities and on-site storage create long term revenue stream and tenant retention.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 2015
Materials
- Foundation: Concrete Perimeter
- Roof: Rubber
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 5+ Family - 5+ Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Full,Finished
Bedrooms & Bathrooms
- Bedrooms: 33
- Bathrooms: 26
- Full bathrooms: 26
Features
- Door features: Insulated Doors
- Window features: Insulated Windows
- Flooring: Tile,Vinyl,Laminate,Wood
- Finished area above ground: 17,407
Interior Area
- Total structure area: 17,407
- Total interior livable area: 17,407 sqft
Property
Details
- Parcel number: M:094 B:521 L:034,2000221
- Zoning: B
Features
- Exterior features: Rain Gutters,Professional Landscaping,Decorative Lighting
- Has view: Yes
- View description: Water,Ocean
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Lot
- Lot size: 8,377 sqft
- Features: Corner Lot
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $29,580 | $354,960 |
| Home Insurance * | $2,458 | $29,496 |
| Property Taxes | $4,970 | $59,640 |
| Electricity | $3,432 | $41,190 |
| Total | $40,440 | $485,280 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Listed for sale | $6,250,000 |
| 2001-09-26 | Sold | $975,000 |
| 1992-01-10 | Sold | $495,000 |
| 1988-12-30 | Sold | $875,000 |
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