Lynn, Massachusetts, October 25, 2025
News Summary
Northeast Private Client Group has listed The North Shore Commons, a fully renovated 48-unit residential property located at 69 North Common Street, Downtown Lynn, Massachusetts. The listing includes an adjacent 6,202-square-foot vacant lot, showcasing potential for development opportunities. This property operates as a furnished single-room occupancy (SRO) community, appealing to renters seeking affordable accommodations. With recent renovations and a prime location near transportation, it presents a significant investment opportunity in the Greater Boston housing market.
Lynn, MA
Key details — listing and location
Northeast Private Client Group has listed The North Shore Commons, a 48-unit residential property. The property is located at 69 North Common Street in Downtown Lynn, Massachusetts. The listing includes an adjacent 6,202-square-foot vacant lot at 10 Hanover Street, which presents additional development opportunities. The property is listed for $5.45 million.
Property description and size
The building is a three-story structure with a total area of 14,680 square feet. The North Shore Commons is a fully renovated property built in 1905. It operates as a fully furnished single-room occupancy (SRO) community. The SRO format is noted for growing demand in high-cost urban markets as a more affordable housing option.
Recent renovations and interior features
Recent renovations include: 12 new bathrooms, with four per floor; newly designed shared kitchens featuring granite countertops and custom cabinetry; an on-site laundry facility with folding stations. Each of the 48 private rooms is fully furnished and includes brand-new refrigerators and plasma TVs and virtual touch security systems.
Parking, zoning and development potential
The property has ample off-street parking on the adjacent lot, which is zoned R-5 for potential future residential expansion. The combined offering of the existing building and the vacant lot creates options for buyers seeking to preserve the current income-producing asset while considering additional development on the R-5 zoned parcel.
Transit, neighborhood and target market
Located across from Lynn Commons, the property offers a walkable, transit-accessible lifestyle. Lynn Station on the MBTA Commuter Rail provides direct service to Boston’s North Station and Logan International Airport. The property is positioned as ideal for workforce housing and long-term renters seeking affordability and convenience in Greater Boston.
Sales process and viewings
Interested buyers can schedule private tours and request further offering details through Northeast Private Client Group. The offering is presented as a combined investment and potential development opportunity given the existing SRO income stream and the adjacent vacant lot.
Background and market context
The North Shore Commons sits in a downtown setting where proximity to transit and municipal greenspaces supports rental demand. The SRO model, with fully furnished private rooms and shared common areas, is increasingly used in urban markets to provide lower-cost, long-term rental options. The building’s renovations update core systems and communal amenities, aiming to maintain competitiveness for operators and investors focused on workforce housing segments.
Additional facts at a glance
- Address: 69 North Common Street, Downtown Lynn, Massachusetts
- Adjacent lot: 6,202-square-foot vacant lot at 10 Hanover Street
- Listing price: $5.45 million
- Building size: 14,680 square feet, three stories
- Units: 48 private furnished SRO rooms
- Year built: 1905; fully renovated
- Parking and zoning: Off-street parking available; adjacent lot zoned R-5
- Transit access: Lynn Station on the MBTA Commuter Rail (direct to Boston’s North Station and Logan International Airport)
FAQ
What has been listed for sale?
The property is listed for $5.45 million.
Who listed the property?
Northeast Private Client Group has listed The North Shore Commons, a 48-unit residential property.
Where is the property located?
The property is located at 69 North Common Street in Downtown Lynn, Massachusetts.
Is there additional land included?
The listing includes an adjacent 6,202-square-foot vacant lot at 10 Hanover Street, which presents additional development opportunities.
How large is the building?
The building is a three-story structure with a total area of 14,680 square feet.
What is the building’s age and condition?
The North Shore Commons is a fully renovated property built in 1905.
What type of housing is offered?
It operates as a fully furnished single-room occupancy (SRO) community.
What recent renovations were completed?
Recent renovations include: 12 new bathrooms, with four per floor; newly designed shared kitchens featuring granite countertops and custom cabinetry; an on-site laundry facility with folding stations.
What is included in each private room?
Each of the 48 private rooms is fully furnished and includes: brand-new refrigerators and plasma TVs; virtual touch security systems.
What are the parking and zoning details?
The property has ample off-street parking on the adjacent lot, which is zoned R-5 for potential future residential expansion.
How is transit access described?
Located across from Lynn Commons, it offers a walkable, transit-accessible lifestyle. Lynn Station on the MBTA Commuter Rail provides direct service to Boston’s North Station and Logan International Airport.
Who is the property positioned to serve?
It is positioned as ideal for workforce housing and long-term renters seeking affordability and convenience in Greater Boston.
How can interested buyers get more information?
Interested buyers can schedule private tours and request further offering details through Northeast Private Client Group.
Quick reference table
| Item | Details |
|---|---|
| Listing broker | Northeast Private Client Group |
| Property name | The North Shore Commons |
| Address | 69 North Common Street, Downtown Lynn, Massachusetts |
| Adjacent lot | 6,202-square-foot vacant lot at 10 Hanover Street |
| Listing price | $5.45 million |
| Building size | 14,680 square feet; three-story |
| Units | 48 private furnished SRO rooms |
| Year built | 1905 (fully renovated) |
| Parking & zoning | Ample off-street parking; adjacent lot zoned R-5 |
| Transit | Lynn Station (MBTA Commuter Rail) — direct to Boston’s North Station and Logan International Airport |
Deeper Dive: News & Info About This Topic
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Additional Resources
- Boston Real Estate Times
- Wikipedia: Lynn, Massachusetts
- Item Live
- Google Search: Lynn Massachusetts
- CBS News
- Encyclopedia Britannica: Lynn, Massachusetts
- Firehouse
- Google News: Lynn Massachusetts News
- NBC Boston
- NBC Boston
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