Olympia Square Apartments

Overview

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Olympia Square Apartments offers a unique living experience for seniors in Lynn, Massachusetts. This 44-unit property is fully occupied and caters exclusively to senior residents, providing them with a comfortable and secure place to call home. As a 100% Section 8 housing facility, Olympia Square ensures affordability and accessibility to those who qualify, making it an ideal choice for seniors looking for quality living without the financial burden.

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The community at Olympia Square is vibrant and welcoming, with a variety of amenities designed to meet the needs of its residents. From the maintenance of common areas to the provision of essential services, everything is handled with care and professionalism. The property’s location is also a significant advantage, offering easy access to local shops, parks, and medical facilities, thereby ensuring that residents have everything they need within reach.

Safety and convenience are top priorities at Olympia Square, with features that cater specifically to the senior demographic. The management team is dedicated to creating a supportive and friendly environment where residents can enjoy their golden years in peace and comfort. Whether it’s through social activities, health and wellness programs, or simply the day-to-day interactions among neighbors, Olympia Square is more than just a place to liveóit’s a community where residents can thrive.

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Amenities and Features

100% Section 8 housing
Fully occupied senior property
Maintenance of common areas
Easy access to local shops, parks, and medical facilities
Dedicated management team
Supportive and friendly environment
Health and wellness programs
Social activities for residents

Olympia Square Apartments Location

Address: 429 Washington St, Lynn, MA 01901

Phone: (781) 581-2051

Website: https://www.poah.org/property/massachusetts/olympia-square-apartments

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About Lynn, Massachusetts

Lynn, a city located in the state of Massachusetts (MA), is home to a population of approximately 100,653 people. Lynn boasts a median age of 36.2, with around 18.8% of its residents aged 60 or above. 3.3% of the population identifies as US Veterans. 13.9% of Lynn residents are disabled. The city has an average household income of $70,046, while the unemployment rate stands at 5.7%, and around 14.1% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Lynn is $443,332, with a monthly rent averaging $1,511.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.