15 Morris St, Lynn, MA 01905
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$1,025,000
3 Unit
6 Beds
5 Baths
2664 SQFT
0.16 Acre

Property Description

This oversized 3-family consists of two (2) 2 bedrooms/2 bathroom units and one (1) 2 bedroom/1 bathroom unit with separately metered utilities and CENTRAL AIR. 15 Morris Street is located on a quiet tree-lined street and is situated on a DOUBLE LOT with potential opportunity of building an ADU unit in the back of the property by using the curb cut from Court Street, currently fenced with a door. The units are great layouts, and 2 units have renovated kitchens and bathrooms. There is a large back deck overlooking the backyard with 6 parking spots in the driveway. The common area has new flooring installed as well as freshly painted walls, railings, and stairs. Laundry in the basement. This property is not to be missed.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Amenities: Public Transportation
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Heating: Forced Air, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 94593
  • Gross Expenses: 17994
  • Electric Expenses: 345
  • Water/Sewer: 2536
  • INSC: 4591
  • Repairs & Maintenance: 1500
  • RFS: 350
  • Net Operating Income: 73764

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1925
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73408255
  • Last Updated: 07/27/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/23/2025New$1,025,000$385MLSPIN

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Seller's Representative: Sara Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-27 03:06:00

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