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.

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Basic Information

Gross Income $56,400
Lot Features Wooded
Mls StatusActive
Parcel Number M:040 B:243 L:005,1992498
Rent Includes Unit 1(Water), Unit 2(Water)

Tax Information

Tax Assessed Value $485,780
Tax Year 2026
Taxes$5,003

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Paved
Parking Spaces3

Rooms

Bathroom2
Bathrooms Total Decimal 2
Bedrooms4
Full Bath2

Basic Information

List Price$579,900
MLS Number73536785
Modification Date09/23/2026
Property SubTypeMulti Family
Virtual TourView Tour

Location

Address9-11 Dungeon Avenue
Building Number9-11
CountyEssex
StateMA
StreetDungeon Avenue
TownLynn
Zip01905

Building

Building Area Units Square Feet
Construction Materials Frame
FoundationSlab
Levels 2
Patio And Porch Features Deck
Rooms10
Stories2
Units2
Utilities For Electric Range, For Electric Dryer, Washer Hookup
Year Built1970
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.28

Interior

Flooring Tile, Vinyl

Exterior

RoofShingle

Utilities

Cooling Window Unit(s)
Cooling YN Yes
Electric Circuit Breakers
Heat SystemYes
Heating Electric
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Other
Living Area 1,368
Lot Size Square Feet 12,018
Lot Size Units Acres
Road Responsibility Public Maintained Road
Square Feet1,368

Amenities

Amenities
- Golf
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Private School
- Public School
- Public Transportation
- Shopping
- T-Station
Appliances IncludedRange, Microwave, Refrigerator, Washer, Dryer, Dishwasher
Other AmenitiesGolf

Legal

ZoningR2

Other

Date Listed06/16/2026
Farm Land Area Units Square Feet
View Count8

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Newton, MA

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More Info

Basic Information

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Parking

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Newton, MA