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Sold on 02/05/2024

32 Nelson St # A, Lynn, MA 01905

$887,490

Last sold 02/05/2024 for $913K

  • 9

    bed

  • 3

    bath

  • 3,462

    Sqft ($264/Sqft)

Multi-family not for sale
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About 32 Nelson St # A

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Movoto estimate
Property description
****MULTIPLE OFFER NOTIFICATION BEST&FINAL DUE MON AT 12PM****Outstanding investment opportunity! An Ideal addition to any investor's portfolio, offering strong rental income and significant potential for value add. Featuring three (3) bedroom units. Unit 1 and Unit 3 are updated and generating substantial income and have lead certifications. Unit 2 there is a great potential to increase the the value and rent of this unit. Unit 1 and 3 are TAW and Unit 2 is on a termed lease expiring 9/30/2024 providing flexibility for new management strategies and potential rent adjustments following improvements. Join us at OH 2/3 & 2/4 11:30AM-1PM.
Listed by
Listing Agent - Leah Polacke
Listing Office - Gamut Group LLC
Source: MLS Property Information Network, Inc. mls logo
MLS#73197466 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Heating Oil, Natural Gas
Levels/Style 3
MLS # 73197466
Type Residential Income
Status Closed
SubType 3 Family - 3 Units Up/Down
SqFt 3462
Lot Size (SqFt) 0.09
Annual Property Tax 9163
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 9
Total # of Rooms 15
# Fireplaces 1
Exterior
Foundation Brick/Mortar
Roof Tar/Gravel
Parking Desc Off Street
# Parking Spaces 1
Lot Desc Corner Lot
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Essex
Zoning R4
APN 1993610
Directions GPS. 32A Nelson Long Driveway Set Back From The Street.
Multifamily Details
Net Operating Income 79200
Total Actual Rent 6600
Gross Income 79200
Lot/ Land Details
Road Frontage Public
$887K
Range: $798K-$976K
Last 30 days 
  • Mar 2024
    mls logo MLS # 73197466
  • Mar 27, 2024 Sold
    $913,000 (+8.7%)
  • Jan 29, 2024 Listed
    $839,999
  • 32 Nelson St # A
    $913K
  • West Lynn
    $559K +9% y/y
  • 01905
    $579K +9% y/y
  • Lynn
    $552K +10% y/y
No chart available
Statistics calculated by Movoto

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4/10
A Drewicz Elementary School
public Grades PK, K-5
Lynn School District
N/A
William R Fallon Elementary School
public Grades 1-5
Lynn School District
1/10
Fecteau-Leary Junior/Senior High School
public Grades 6-12
Lynn School District
4/10
Breed Middle School
public Grades 6-8
Lynn School District
2/10
Classical High School
public Grades 9-12
Lynn School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information 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 are for the personal, non commercial use of consumers having a good faith in 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 set forth herein.
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