32 Morris Street, Lynn, MA 01905
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$989,900
3 Unit
9 Beds
3 Baths
3456 SQFT
0.07 Acre

Property Description

Best deal in Lynn! Outstanding investment or owner-occupant opportunity in a highly desirable West Lynn location. Situated on a quiet side street with ample off-street parking, this well-maintained three-family property offers three spacious units, each currently configured with five rooms and three bedrooms. The first-floor unit will be delivered vacant, providing an excellent opportunity for an owner-occupant or investor to renovate and potentially reconfigure the space into a four-bedroom unit for added value and increased rental income. Each apartment is separately metered and features gas heat. Additional highlights include letters of de-leaded compliance, low-maintenance vinyl siding, and a rubber roof. A rare opportunity to expand your portfolio or occupy one unit while collecting rental income from the others in one of Lynn’s most desirable neighborhoods.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Laundromat, Private School, Public School, Public Transportation, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Gross Operating Income: 99180
  • Gross Expenses: 9046
  • Electric Expenses: 353
  • Water/Sewer: 1832
  • INSC: 6669
  • RFS: 192
  • Net Operating Income: 74325

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Doors, Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: Lynn

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1923
  • Type: 3 Family - 3 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73536399
  • Last Updated: 08/06/26

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Seller's Representative: Eugene L. Clements, Clements Realty Group
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 2026-08-06 09:01:00

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