Property Description

Impressive two-family home with many updates. The second-floor unit offers two full baths, two levels of living, and a large family room, while the lower level can generate rental income. If you are a single buyer, you can do the opposite: live on the lower level and rent the upper unit.Located at 48 Waverly Ave in Lynn, this 1990-built residence offers approximately 1,882 square feet of refined living space and represents an excellent opportunity for discerning buyers. The home stands out for its generous proportions and thoughtful layout, designed to accommodate a dynamic lifestyle. The property features five well-appointed bedrooms, providing ample private space and flexibility for a home office or creative studio. Three full bathrooms are conveniently distributed to enhance comfort and privacy for all occupants and guests.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Basement Features: Full
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 42000
  • Net Operating Income: 42000

Utilities

  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: essex

Unit 1 Description

  • Under Lease: No
  • Floors: 1

Unit 2 Description

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

Construction

  • Year Built: 1990
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73509234
  • Last Updated: 04/29/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/29/2026New$825,000$438MLSPIN
03/05/2025Sold$780,000$414MLSPIN
02/04/2025Under Agreement$769,900$409MLSPIN
01/21/2025Contingent$769,900$409MLSPIN
01/12/2025Active$769,900$409MLSPIN
01/08/2025New$769,900$409MLSPIN

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Seller's Representative: Veraluxe Team, Century 21 Mario Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-04-29 10:43:00