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Home Massachusetts Lynn Multi-Family Homes for Sale

101-103 Lynnway Lynn, MA 01902
41 Days on Boardwalk PropertiesPrice Reduced $20,000
42
101-103 Lynnway, Lynn, MA 01902
View Map
$1,180,000
3 Unit
8 Beds
3 Baths
3460 SQFT
0.09 Acre

Property Description

Attention Buyers and Investors! Presenting 101-103 Lynnway, an exceptional three-family home situated in the sought-after Diamond District of Lynn. This property comprises three generously sized, move-in ready units, each recently modernized to meet current standards. The basement features a shared coin-operated laundry facility, equipped with washers and dryers, along with dedicated storage areas for each unit. Unit 1 is currently occupied by a tenant at will. The property can be delivered vacant, offering a prime opportunity for owner-occupants to live in one unit while renting out the others, or for investors seeking a lucrative rental investment. Each unit is equipped with its own utilities. Boasting beautiful water views, this property is a true gem, conveniently located just a short walk from Lynn Beach, public transportation, and a diverse array of dining and shopping options in downtown.
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Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Marina, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Concrete Floor, Full
  • Common Interior Features: Tile Floor
  • Common Appliances: Microwave, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 100800
  • Gross Expenses: 20000
  • Net Operating Income: 80800

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1909
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73345460
  • Last Updated: 04/19/25
  • Terms: Assumable, Seller W/Participate

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/19/2025Active$1,180,000$341MLSPIN
04/15/2025Price Change$1,180,000$341MLSPIN
03/18/2025Active$1,200,000$347MLSPIN
03/14/2025New$1,200,000$347MLSPIN

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Map

Seller's Representative: Linlet Patel, Tesla Realty Group LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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 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.

MLS PIN data last updated at 2025-04-19 03:05:00

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